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543 S 3rd Avenue Kankakee, IL $ 290,000
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$ 290,000 Get more info
543 S 3rd Avenue
$ 290,000
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543 S 3rd Avenue

Kankakee, IL, 60901
$ 290,000
Bedrooms8 Baths4.0 Sq 3,200

Monthly Estimate*

$ 1,831

543 S 3rd Avenue, Kankakee, IL 60901 - Image 1
543 S 3rd Avenue, Kankakee, IL 60901 - Image 2
543 S 3rd Avenue, Kankakee, IL 60901 - Image 3
543 S 3rd Avenue, Kankakee, IL 60901 - Image 4
543 S 3rd Avenue, Kankakee, IL 60901 - Image 5
543 S 3rd Avenue, Kankakee, IL 60901 - Image 6
543 S 3rd Avenue, Kankakee, IL 60901 - Image 7
543 S 3rd Avenue, Kankakee, IL 60901 - Image 8

Multi-Family Home for sale in Kankakee, IL

for $290,000 with 8 bedrooms and 4 full baths. This 3,200 square foot home was built in 1960 on a lot size of 0.17.

Welcome to downtown Kankakee! Great opportunity in for the experienced investor looking to add cashflow to his investment, or for the first time buyer looking to house-hack! Walking distance from every amenity one could desire. Including grocery stores, gas stations, parks, museums, library, the list could go on! The Kankakee Riverfront project will be steps away! The building includes 4 similar units: 2 bed 1 bath, 800sqft/units. The building also has an unfinished basement with the opportunity for a laundry room. 2 Parking spots in the rear, 4 Parking spots in the front, and a 1.5 car garage for additional income. Tenants responsible for electric -all equipment is electric! (Heaters and water heaters!) Units have all been updated and rehabbed! All you need to do is is start collecting that cashflow!

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Multi-Family Contingent

Price

$ 290,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 3,892

Style

Lot Size

0.17

Year Built

1960

Town/City

Kankakee

County/Region

Kankakee

MLS | Web ID

12710105
Features
General
Sewer Public Sewer
Heating Electric
Possession Closing Immediate Tenant's Rights
Zoning MULTI
Garage Spaces 1.5
Construction Materials Vinyl Siding Brick
Year Built 1960
Township Kankakee
Tax Year 2025
Ownership Fee Simple
County Kankakee
New Construction N
Property Type Residential Income Two to Four Units
Contingency Attorney/Inspection
Other Structures None
Total Rooms 20
Status Contingent
Directions Court St W to Washington S to Bourbonnais St go W to 3rd Ave
City Kankakee
High School District 111
MLS Area Kankakee
Tax Annual Amount 3892
Standard Status Active Under Contract
Middle/Junior School District 111
Elementary School District 111
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Interior
Basement Unfinished Partial
Total Bedrooms 8
Total Baths 4
Bedrooms Possible 8
Full Baths Building 4
Half Baths Building 0
Total Number of Units 4
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Exterior
Parking Features No Garage Yes Garage Owned Detached Off Street Owned Garage
Lot Features None
Water Source Public
Total Parking 5.5
Foundation Details Concrete Perimeter
Lot Dimensions 50x150
Lot Size Acres 0.17
Waterfront Y/N N
Other Equipment CO Detectors Ceiling Fan(s) Multiple Water Heaters Water Heater-Electric
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* Excluded Features
List By
Realty Of America, Llc

Broker

tony.toledo@toledopropertiesgroup.com

Email

Affordability Calculator

$2,155
Per Month
85%
15%
0%
Monthly Principal & Interest
$1,831
Monthly Property Taxes
$324
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566955 Elementary School
566932 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/18/2026$290,000 Listed Price

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543 S 3rd Avenue, Kankakee, IL, 60901 is a Multi-Family Home for sale at $290,000 with 3,200 sqft and a lot size of 0.17. 543 S 3rd Avenue has 8 bedrooms, 4.0 baths, and was built in 1960. The property's zip code is 60901 which is in Kankakee, IL

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