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210 - 280 Tedmark Court Kankakee, IL $ 4,350,000
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$ 4,350,000 Get more info
210 - 280 Tedmark Court
$ 4,350,000
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210 - 280 Tedmark Court

Kankakee, IL, 60901
$ 4,350,000
Bedrooms6 Baths0.0

Monthly Estimate*

$ 26,784

210 - 280 Tedmark Court, Kankakee, IL 60901 - Image 1
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210 - 280 Tedmark Court, Kankakee, IL 60901 - Image 11

Multi-Family Home for sale in Kankakee, IL

for $4,350,000 with 6 bedrooms. This home was built in 1974 on a lot size of 2.36.

FOR SALE - KANKAKEE - 58 UNIT APARTMENT COMPLEX - This seller is offering the Tedmark & Cooper Apartment Complex, a 58-unit, seven building multifamily portfolio in Kankakee, IL at a purchase price of $4,350,000 equal to $75,000 per unit. The property has been operating under IHDA regulations, with extended use requirements, that ended December 2025, creating a rare and immediate market rate conversion opportunity. With rents below market rate, above normal vacancy and turnover constrained by compliance rules, the portfolio is positioned for a new owner to execute a high impact value add strategy and unlock substantial NOI growth. Also, with the IHDA expiration, this would be an opportune time for the buyer to incorporate RUBS (Ratio Utility Billing System) for additional value add income! PROPERTY OVERVIEW 58 Total Units Across Seven Buildings 210 Tedmark Ct. - 12 units 220 Tedmark Ct. - 4 units 230 Tedmark Ct. - 4 units 240 Tedmark Ct. - 8 units 2755 Cooper Dr. - 12 units 2779 Cooper Dr. - 12 units 280 Tedmark Ct. - 6 units - GREAT INVESTMENT OPPORTUNITY - CALL TODAY!

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Multi-Family Active

Price

$ 4,350,000

Bedrooms

6

Property Type

Multi-Family

Taxes

$ 17,260

Style

Multi-Family

Lot Size

2.36

Year Built

1974

Town/City

Kankakee

County/Region

Kankakee

MLS | Web ID

12013807
Features
General
Cooling Wall Sleeve
Utilities Sewer Connected
Roof Fiberglass
Zoning MULTI
Construction Materials Wood Vinyl Siding Brick
Year Built 1974
Electric Circuit Breakers
Tenant Pays Electricity Heat Varies by Tenant
Stories Count 3
Township Aroma
Tax Year 2024
Current Use Multi-Family
Gross Income 480000
County Kankakee
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Possible Use Multi-Family
Status Active
Directions East on Court St. south on Hillcrest east on Cooper Dr. to Tedmark. Properties on east side of street.
City Kankakee
Number Of Units Total 58
MLS Area Kankakee
Lot Size Square Feet 102802
Tax Annual Amount 17260.3
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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Exterior
Water Source Community Water
Foundation Details Concrete Perimeter
Lot Dimensions 115 200 X 450
Lot Size Acres 2.36
Frontage Type City Street
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* Excluded Features
List By
Mccolly Bennett Real Estate

Broker

bucktamblyn@mccolly.com

Email

Affordability Calculator

$28,222
Per Month
95%
5%
0%
Monthly Principal & Interest
$26,784
Monthly Property Taxes
$1,438
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
2/10/2026$4,350,000 Listed Price

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210 - 280 Tedmark Court, Kankakee, IL, 60901 is a Multi-Family Home for sale at $4,350,000 with a lot size of 2.36. 210 - 280 Tedmark Court has 6 bedrooms, 0.0 baths, and was built in 1974. The property's zip code is 60901 which is in Kankakee, IL

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