397 W Chebanse Avenue Chebanse, IL $ 160,000
397 W Chebanse Avenue
$ 160,000
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397 W Chebanse Avenue

Chebanse, IL, 60922
$ 160,000
Bedrooms2 Baths2.0

Monthly Estimate*

$ 1,010

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Multi-Family Home for sale in Chebanse, IL

for $160,000 with 2 bedrooms and 2 full baths.

"Rare Two-Unit Investment Opportunity in Chebanse" Don't miss this hard-to-find two-unit property in Kankakee County, offering existing rental income and additional upside potential. The property features two separate 1-bedroom units, with one unit on the main level and one upstairs. The upper unit is currently tenant-occupied, giving an investor the opportunity to step into an income-producing property while improving or leasing the remaining unit. Situated on a generous corner lot approximately 60 x 200 per assessor, the property also offers a large yard, detached garage, and unfinished cellar for additional storage. With limited multi-unit inventory in the Chebanse area, this property could be an excellent addition to a rental portfolio or a potential owner-occupant investment for a buyer looking to live in one unit while generating income from the other. Property will not qualify for traditional FHA

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Multi-Family Active

Price

$ 160,000

Bedrooms

2

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,104

Style

Town/City

Chebanse

County/Region

Iroquois

MLS | Web ID

12758554

Features
General
Sewer Public Sewer
Heating Natural Gas Electric
Possession Closing
Garage Spaces 2
Construction Materials Vinyl Siding
Township Chebanse
Tax Year 2025
Ownership Fee Simple
County Kankakee
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 7
Status New
Directions I-57 S from Kankakee to Exit 302/Chebanse. West into Chebanse to W Chebanse Ave. Proceed to 397 W Chebanse Ave.
City Chebanse
High School District 4
MLS Area Chebanse
Tax Annual Amount 3104
Standard Status Active
Middle/Junior School District 4
Elementary School District 4
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Interior
Basement Unfinished Cellar Exterior Entry Partial
Total Bedrooms 2
Total Baths 2
Bedrooms Possible 2
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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Exterior
Parking Features Yes Garage Owned Detached Garage
Water Source Public
Total Parking 8
Lot Dimensions 60x200
Waterfront Y/N N
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* Excluded Features
List By
Z Realty Group

Broker

zlead@zrealty.group;zsandersrealtor@yahoo.com

Email

Affordability Calculator

$1,269
Per Month
80%
20%
0%
Monthly Principal & Interest
$1,010
Monthly Property Taxes
$259
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
565862 Elementary School
566230 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/14/2026$160,000 Listed Price

Map


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397 W Chebanse Avenue, Chebanse, IL, 60922 is a Multi-Family Home for sale at $160,000. 397 W Chebanse Avenue has 2 bedrooms and 2.0 baths. The property's zip code is 60922 which is in Chebanse, IL