$1,150,000
$1,260,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
450 S Dearborn AVE Kankakee, IL 60901
Key Details
Sold Price $1,150,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12446043
Sold Date 10/24/25
Maintenance Fees $10,000
Year Built 1966
Annual Tax Amount $19,055
Tax Year 2024
Lot Dimensions 150 X 145
Property Sub-Type Multi Family 5+
Property Description
19 Units - 3 buildings, Located less than 2 blocks from Phase 1 of the Kankakee Riverfront Revitalization project, close to shopping, expressway, downtown area, 2 1/2 blocks to Kankakee Farmers Market, plus plenty of restaurants, this Investment Opportunity consists of 3 buildings totaling 19 units. 2024 Real Estate taxes $ 19,055.84 for all 3 buildings. All tenants have access to laundry room facilities located in building 450 (washers/dryers are leased). In addition there is a 5 car garage for additional income/owner use. Tenants responsible their own electric. Owner pays electric for common areas of Building 450, Water & refuse & Gas for all 3 buildings. 450 Dearborn is a brick 12 unit building consisting of 10-2 bedroom units, 2 - 1 bedroom units, roof replaced approx 2017-2018. Building 440 (16-17-05-114-004), windows 2024-2025, Vinyl siding 8/25 and consists of 3 units. Building 466 (16-17-05-114-022) is a brick/stone & siding 4 unit consisting of all 1 bedroom units. Roof & Siding replaced in 2018. Tenants in building 466 have central air. See feature sheet / rent roll for full details. Building Ages of 440 & 466 is unknown. Units in building 440 & 450 have wall or window a/c units (many newer units). 12 unit is serviced by hot water heat (included in rent), 440 & 466 have forced air heat.
Location
State IL
County Kankakee
Area Kankakee
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling Central Air, Wall Sleeve, Window Unit(s)
Fireplace N
Building
Water Municipal Water
Structure Type Brick,Wood,Vinyl Siding
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Cristina Antons of New Neighbors Real Estate
NEARBY SCHOOLS & BUSINESSES
- 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
- 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
- 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
GET MORE INFORMATION