751 N 5th Avenue Kankakee, IL ^$ 2,240,000

751 N 5th Avenue

^$ 2,240,000

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Recently Listed

751 N 5th Avenue

Kankakee, IL, 60901

^$ 2,240,000

Bedrooms2 Baths0.0

Monthly Estimate*

^$ 13,792

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Multi-Family Home for sale in Kankakee, IL

for $2,240,000 with 2 bedrooms. This home was built in 1976 on a lot size of 1.68.

For Sale - 32 Unit Property in a great area of Kankakee. The units are all 2 Bed/1 Bath & the building is fully electric, with tenants paying heat, and in unit electric. Landlord is responsible for the water, sewer, garbage and common electric. All of the electric panels have been recently upgraded.

Multi-Family Active

Price

^$ 2,240,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 37,794

Style

Lot Size

1.68

Year Built

1976

Town/City

Kankakee

County/Region

Kankakee

MLS | Web ID

12586998

Features

General

Year Built 1976

Stories Count 2

Tax Year 2024

Gross Income 335292

County Kankakee

Net Operating Income 181563

Operating Expense 139339

Insurance Expense 25000

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 16000

Status Active

Directions Head South on Kennedy Drive make a left on 5th Ave property is on the Right

City Kankakee

Number Of Units Total 32

MLS Area Kankakee

Tax Annual Amount 37794

Electric Expense 7000

Fuel Expense 0

Trash Expense 5500

Water Sewer Expense 27000

Additional Parcels Y/N N

Standard Status Active

Cap Rate 8.11

Exterior

Lot Dimensions 300x200

Lot Size Acres 1.68

* Excluded Features

List By

Horvath & Tremblay Il, Llc

Broker

aspangler@htapartments.com

Affordability Calculator

$16,942

Per Month

Monthly Principal & Interest: $13,792
Monthly Property Taxes: $3,150
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Multi-family listings in Kankakee, IL

Average List Price ^$635,569

Percent of Sale Price 72%

About Kankakee, IL

25,835 Population

-8% Since 2002

^$35,173 Median Income

35.04 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/9/2026	$2,240,000		Listed Price

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751 N 5th Avenue, Kankakee, IL, 60901 is a Multi-Family Home for sale at $2,240,000 with a lot size of 1.68. 751 N 5th Avenue has 2 bedrooms, 0.0 baths, and was built in 1976. The property's zip code is 60901 which is in Kankakee, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 3/23/2026.

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751 N 5th Avenue

Multi-Family Home for sale in Kankakee, IL

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