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Neil Hackler

[email protected] +1(773) 677-3479

$ 45,000

Est. payment -/mo

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Open Sat 12PM-2PM

427 S Chicago AVE Kankakee, IL 60901

6 Beds

2 Baths

Open House

Sat Jan 31, 12:00pm - 2:00pm

Sun Feb 01, 12:00pm - 2:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12548086

Bedrooms 6

Year Built 1906

Tax Year 2024

Lot Dimensions 50x145

Property Sub-Type Two to Four Units

Property Description

Investor Special - Opportunity in the Heart of Kankakee! Massive 2600 sq ft two-unit property offering a rare opportunity for real estate investors looking to rehab, reposition, and maximize rental income. Each unit features 3 generously sized bedrooms with spacious room layouts, providing strong potential for future long-term tenants once renovated. The full basement offers an excellent opportunity to add a shared laundry area, creating an additional income stream and increasing overall property value. Located close to downtown Kankakee, this property is within close proximity to restaurants, gas stations, the public library, Kankakee Farmers Market, City Hall, the courthouse, attorney offices, and numerous other downtown amenities-making it a highly desirable location for future renters. This property is ideal for those looking to renovate, rent, and build long-term wealth in a centrally located area. Bring your contractor and your vision-opportunities like this don't come around often. This property is being sold in AS IS condition.

Location

State IL

County Kankakee

Area Kankakee

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Aluminum Siding, No

Sewer Public Sewer

Water Public

Structure Type Aluminum Siding

New Construction false

Schools

School District 111 , 111, 111

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Monica Pizano of RE/MAX Prestige Homes

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 18

9

Mark Twain Primary School

Public | PK - 3
7

Lincoln Cltrl Center-Montessori Elementary School

Public | KG - 8
5

John Kennedy Middle Grade School

Public | 3 - 6
5

King Middle Grade School

Public | 3 - 6
4

Taft Primary School

Public | KG - 3
4

Bradley West Elementary School

Public | 3 - 5
3

Shabbona Elementary School

Public | 1 - 4
2

Edison Primary School

Public | KG - 3
1

Steuben Elementary School

Public | KG - 3
0

Kankakee Trinity Academy

Private | PK - 12
0

Robert Frost Elementary School

Public | PK - KG
0

Maternity Blessed Virgin Mary School

Private | PK - 8
0

Lafayette Primary School

Public | KG - 3
0

Kankakee Area Co-Op Day School

Public | 4 - 12
0

St Joseph School

Private | PK - 8
0

Aquinas Catholic Academy-Hickory

Private | PK - 8
0

Bradley East Elementary School

Public | PK - 2
0

Grace Christian Academy

Private | PK - 12

Middle Schools 3

5

Bradley Central Middle School

Public | 6 - 8
1

Kankakee Junior High School

Public | 7 - 8
0

I Kan Regional Alternatve Att Center

Public | 6 - 12

High Schools 4

8

Bradley-Bourbonnais C High School

Public | 9 - 12
1

Kankakee High School

Public | 9 - 12
0

Salt School

Public | 9 - 12
0

Bishop Mcnamara Catholic High School

Private | 9 - 12

School and business data provided by Attom Data.

Neil Hackler

Real Estate Advisor | License ID: 167138

+1(773) 677-3479

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