Value-Add 3 Unit with Strong Cash Flow Potential - Kankakee Attention investors - this three-unit property at 491 S Chicago Ave, Kankakee, IL offers a prime opportunity to create equity and generate consistent rental income. One unit is currently habitable and rentable, providing immediate income potential, while two additional units need light remodeling - a perfect setup for a value-add investor looking to increase rents and overall property performance. With updates, this building has the potential to become a strong cash-flowing asset. The property features charming architectural details and curb appeal, adding to long-term tenant desirability. Opportunities like this allow investors to renovate strategically, raise rents, and significantly improve returns. Ideal for: Investors seeking a light rehab project. Buyers looking to house hack and build equity. Portfolio landlords wanting forced appreciation potential. Bring your vision and unlock the income potential this classic Kankakee multi-unit offers!
This beautifully maintained one-story home offers comfort, charm, and thoughtful updates throughout. A welcoming covered entryway provides access to either the main front entrance or a versatile family room/breezeway, perfect for a more casual entry. Inside, you'll love the hardwood floors in the living room, highlighted by a cozy wood-burning fireplace. The kitchen has painted white cabinets and gorgeous Quartz counters and a nice tiled back-splash. Most windows were replaced with Pella windows in 2014, and major mechanical updates include a new roof (2019), water heater (2023), water softener and well tank (2024). The Lennox furnace and central air were installed in 2003, and the siding was updated in 2012. The phenomenal yard is beautifully landscaped and equipped with a sprinkler system for the landscaping/bushes that surround the home. Enjoy a spacious backyard featuring a garden area, a charming shed measuring approximately 11'7" x 15'3" with a vinyl floor a covered patio, and it is even heated and cooled with a window a/c. There is a fire pit-ideal for entertaining family and friends or relaxing under the stars. Super clean. Schedule your private tour today and experience all this wonderful home has to offer.
This beautifully rehabbed one and a half story home features an inviting open-concept living area with luxury vinyl plank flooring throughout the kitchen, living room, and dining space. The kitchen boasts brand new cabinetry, quartz countertops, and new appliances, complemented by all new lighting that creates a warm, modern atmosphere. The full basement offers ample storage or potential for future finishing. Enjoy a stylish bathroom with a large shower and classic subway tile. Upstairs, the expansive primary suite impresses with built-in drawers for convenient storage. Outside, you'll find a nice backyard perfect for relaxing or entertaining, as well as a spacious two-car detached garage for parking and additional storage.
Welcome to your cozy home! Upon entering, you'll see a beautiful eat-in kitchen that opens up to the living room (great for entertaining). The main living areas have vinyl plank flooring throughout making cleaning a breeze! The 3 bedrooms are located off the hallway along with 1 bathroom. Many updates have been made over the years! Laundry is located in the basement, however it does not appear the closet on the main level is large enough to move laundry to the main floor! Selling as-is.
Welcome to downtown Kankakee! Great opportunity for the first time buyer looking to for an affordable move-in ready home! Or for the experienced investor looking to add cashflow to his investment! Walking distance from every amenity one could desire. Including grocery stores, gas stations, parks, library, the list could go on! This home features spacious living room with hardwood flooring and plenty of windows with natural lighting. Kitchen and separate dining room with tiled flooring. Upstairs features bonus room great for office or possible 3rd bedroom. Fenced yard with a detached garage.
Welcome Home! This 2 bedroom and 1 bathroom Kankakee ranch provides practicality designed for everyday living! Stepping inside is the a large foyer that leads to the spacious living room featuring hardwood flooring, and a cozy wood burning fireplace-- perfect for winter evenings. Across of the hall is the kitchen, that has great space for an eat-in table and chairs, ample cabinetry, and all appliances that stay! The two bedrooms are great in size and have loads of closet space for extra storage needs. The bathroom has been tastefully done with a large mirror and lots of countertop space. Down the hall is the utility area that houses the laundry facilities. Plenty of storage throughout the whole house too! The fenced-in backyard leads to the detached 2-car garage. Conveniently located close to local restaurants, amenities and the Kankakee River too. This home is a perfect canvas to start your next chapter, so call today to schedule your private showing!
CUTE & UPDATED three bedroom, 1 bath cottage in Marycrest! It's a great little starter home or downsizer, with plenty of room for comfortable living & relaxed entertaining. There is a sunny living room; efficient galley kitchen w/cozy dining area, and a large sun room. [BONUS: freshly painted inside; new flooring & doors.] The outdoor space includes a tidy lawn w/front patio, and a nice backyard with room for gardens & games. There is also a two-car detached garage, and a long freshly topped driveway for plenty of parking. *Note: Roof 2010; furnace & AC 2007; water heater 2025; new flooring; new interior doors; updated bath.* MOVE-IN READY - come and see!
This charming 2-bedroom, 1.5-bath home features a bright open floor plan that creates a spacious and inviting feel. Enjoy relaxing mornings or evenings in the enclosed front porch, adding extra living space and welcoming curb appeal. The cute, functional kitchen with breakfast bar offers plenty of cabinetry along with a 4 x 9 pantry/utility closet for exceptional storage. The open living area is perfect for everyday living and entertaining. Step outside to the fully fenced backyard-ideal for pets, play, or outdoor enjoyment. Additional highlights include a 1-car detached garage for convenient parking and storage. A wonderful opportunity for first-time buyers, downsizers, or anyone looking for a comfortable, low-maintenance home with great flow and functionality.
Move-in ready brick ranch in a desirable Kankakee neighborhood! Step inside to a spacious living room featuring real hardwood floors and a large picture window that fills the space with natural light. The living room flows seamlessly into the beautifully updated kitchen, complete with granite countertops, high-end stainless steel appliances, an oversized island, abundant cabinet space, and a statement range hood-this kitchen is truly a standout. Neutral paint colors throughout create a warm, inviting feel, while the recently renovated bathroom showcases luxury limestone tile and elegant finishes. Hardwood floors continue down the hallway to three comfortable bedrooms with neutral carpeting. Just off the kitchen, you'll find a true mudroom with washer and dryer included, along with a convenient powder room for guests. The attached one-car garage offers extra storage space, and outside you'll enjoy a fully fenced yard, brand-new shed, and updated landscaping. This home is a true gem-well maintained, move-in ready, and sure to go fast. Schedule your showing today!
KANKAKEE - FOR SALE - 7,200 SF COMMERCIAL BUILDING ON MAIN THOROUGHFARE! If you are looking for your next Commercial Project, this is it! Located in the heart of Downtown Kankakee, this Historic 3 story (plus full basement) Property is perfect to rehab and lease as an income producing property, or for an owner occupied property! With over 20,000 VPD on Court Street/Schuyler Avenue at your doorstep, this property has great visibility! Each floor is roughly 2,400 SF and all 3 levels have at least 10' ceiling height or more! Ample street and City Parking nearby! Note: This property is owned by a Land Bank and must be sold according to certain standards and regulations.
Great affordable mid-century modern 3 Bedroom (possible 4) brick 1.5 story home that is bigger than it appears!! Front entry with slate flooring & wood beamed ceiling leads you to the spacious living rm featuring a lg picture window which allows natural light & wood-burning fireplace surrounded by a full-wall of light colored Bedford stone, timeless yet modern! The living rm adjoins a formal dining rm with some built-in shelving and windows to enjoy the afternoon sunlight overlooking the peaceful backyard! Small creek at back of property ~ Generous sized eat-in kitchen includes appliances, lots of white-painted wood cabinets, generous counter space & vinyl floors. This kitchen layout adjoins the formal dining rm, leads to back screened porch and first floor laundry plus 1/2 bath with shower & sink ~ Main level offers two nice sized BR's both with beautiful hardwood floors, big closets & easy access to the full bath with retro, millennial pink tub & tile floor ~ Upstairs offers a 3rd bedroom, dormer style, 11x18 plus a 7x17 area with lg closet plus there is an additional rm which could be a BR, playroom, office, craft or media rm ~ The partial bsmt (plus crawl) is partially finished and also includes bath with toilet, utility sink & shower head ~ Workbench and lots of storage in the unfinished basement area ~ The options abound for this very spacious home! 1 car att garage ~ Lennox furnace checked & serviced Oct 2025 ~ HWH May 2020 ~ SOLD AS-IS ~ Close to Kankakee Country Club & golf course, Kankakee River, Kankakee Boat Club, KVPD Pickleball courts & parks, Cobb & Beckman Parks, Frank Lloyd Wright's first Prairie designed home and B Harley Bradley House, not far from downtown Kankakee Farmers Market April-Oct, upcoming Riverwalk, downtown coffee shops, boutiques & wine bars, Kankakee Library, Robber Rose Books and so much more! Make your appointment today to see this great home!!
Great large Corner lot perfect to build a home of your dreams and a Great reasonable price to do so.
Great Commercial Corner Lot Priced right to allow you to build a business. Potential business with living space above check with City for approval.
Fantastic Opportunity! This 3 bedroom, 1 bath home is ready for you to settle in and make it your own. The charming exterior, with new front steps, leads through to the fully enclosed front porch-- a perfect spot to enjoy quiet mornings! The living room features beautiful original dark wood trim and gorgeous custom built-in cabinets. This flows right into the connected dining room that flooded with natural lighting throughout from the wall of windows. The kitchen has good storage space, a new dishwasher, and stainless steel appliances that stay! Down the hall are two nice sized bedrooms, featuring a cute bump out seating area, and a neat and tidy first-floor bathroom. There's a large family room off of the back with new vinyl plank flooring, which you can use for more living space, or make it your own. Upstairs you will find the large third bedroom, and an extra area for an office, play room, you name it. The unfinished basement houses the laundry facilities and is great for extra storage needs. The backyard has a patio and leads way to the detached 2 car garage. AC replaced in 2019. See how this opportunity will work for you, call TODAY to schedule your private showing!
Well-located property on Kankakee's east side with convenient access to major roads, local services, and everyday amenities. Situated near E Court Street and Route 17, this location offers easy travel throughout Kankakee and surrounding communities. Nearby options include shopping, dining, parks, and medical facilities, with downtown Kankakee just minutes away. The property is positioned on a residential street with established surroundings and mature trees. The lot provides usable outdoor space, and the layout of the home offers functional living areas with flexibility for a variety of uses. An excellent opportunity for buyers seeking a property in a central, accessible location with strong proximity to local infrastructure and services.
Charming 2-Bedroom Brick Townhome in a Convenient Kankakee Location! Welcome home to this well-maintained 2-bedroom brick townhome offering comfort, convenience, and worry-free living! Perfectly situated near Kankakee Elementary Schools, Kankakee High School, Dollar General, Casey's, beautiful local parks, and the scenic Kankakee Museum-this home places everything you need just minutes away. Step inside to find a bright and inviting living space, a functional kitchen with plenty of cabinet storage, and two cozy bedrooms. A beautiful patio with privacy right off the living room. Enjoy peace of mind with an HOA that covers many essentials, allowing you to spend more time relaxing and less time maintaining. Whether you're a first-time buyer, downsizing, or looking for a low-maintenance lifestyle, this condo offers the perfect combination of value and location. Call today for your private showing!
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. A new roof has been approved and will be replaced before the end of March. Bring your contractor and your vision-opportunities like this don't come around often. This property is being sold in AS IS condition.
This custom-built 4BD/3.1BA home is packed with thoughtful upgrades, quality craftsmanship, and exceptional functionality-designed to make you feel at home from the moment you arrive. Inside this sought after River Bend home, you'll find vaulted and tray ceilings, oak trim, and attention to detail throughout. Major features include a whole-house generator, irrigation system, radon mitigation (2021), and two Navien tankless water heaters-one dedicated to the radiant heating system in garage & basement floors and one serving the rest of the home, both professionally maintained bi-annually. The split floor plan allows for privacy with a spacious primary suite. It's a true retreat with a walk-in shower featuring dual shower heads and body spray, plus a private commode room. The three upstairs bedrooms are on the other side of the home sharing the home's 2nd full bathroom. Downstairs, the finished basement is anything but cold with the radiant floor heating, 9-foot ceilings, extra-wide stairs, a large family room, bar with sink and kegerator, long bar with counter seating, a possible 5th bedroom, and a 3rd full bathroom, and ample craft and storage space. A quiet yet powerful whole-house attic fan efficiently reduces humidity without relying on the AC. Outside, summer fun awaits with a 18x24 heated saltwater pool (3.5'-5' depth, corner step) boasting incredibly low annual maintenance costs-approximately $20 per year & incredibly easy-to-open in spring. The 3-bay garage (24x24 and 10x28) features high-quality epoxy floors, radiant heat, and floor drains for easy cleanup. Additional exterior features include a shed with roll-up door, concrete floor and ramp, plus fencing with two 5' gates & a 10' gate to access back yard easily. Enjoy full sidewalk access around the perimeter. All appliances remain. Optional stairs to 8' attic above garage that could be easily finished. Main floor laundry. Also optional set up in LR wall to add a fireplace. Schedule your showing today!
Welcome home to peaceful country living in Limestone Township. This beautifully rehabbed 3 bed/1.5 bath ranch sits on a spacious 0.28 acre lot in the sought after Herscher School District. Inside, you'll find a bright, open feel with brand new flooring and fresh paint throughout. The updated kitchen shines with QUARTZ countertops, SOFT CLOSE cabinetry, and new STAINLESS STEEL appliances. Cozy up in the living room by the fireplace or {BONUS: enjoy year round relaxation in the HEATED sunroom with concrete floors}. Additional features include a fenced in yard, private well and septic, and an attached 2.5 car garage with laundry. Fully updated in 2025, this move-in ready home offers comfort, space, and the charm of country living.
For SALE or RENT in Downtown Kankakee! Solid 3,580 SF building. This property has a generous open production area with an 8x14 overhead door for easy access and a versatile 20x20 office space. Additional features include a convenient storage loft, a floor drain, and a bathroom. There is also plumbing for a sink already in place along the back wall. The building's 15 ft high ceilings enhance its adaptability for various operations, making it suitable for a multitude of business uses. Equipped with two forced air furnace units-one dedicated to the office and another for the warehouse area. Roof and electrical system installed around 2013, along with plumbing improvements. With C-2 zoning, the possibilities for commercial use are extensive. Don't miss out on this excellent opportunity-call today for more information!
!!**PART OF A PORTFOLIO. This fully renovated 12-unit apartment building offers a strong unit mix and modern finishes throughout. The property consists of eight (8) one-bedroom/one-bath units and four (4) two-bedroom/one-bath units. Renovations include contemporary kitchens and bathrooms, updated flooring, updated windows and roof.
!!PART OF A PORTFOLIO. This newly renovated 11-unit multifamily property offers a strong unit mix and modern appeal. The building features ten spacious 2-bedroom units and one oversized 4-bedroom unit, all thoughtfully updated with contemporary finishes throughout. All units have undergone recent renovations, including upgraded kitchens and bathrooms, new flooring, new windows, fresh paint, NEW ROOF, significantly reducing near-term capital expenditure requirements. The renovations position the property to command market rents while minimizing turnover and maintenance costs.
Updated 3-bedroom, 1-bath ranch in Kankakee-perfect as a starter home or investment opportunity. Freshly painted with new flooring throughout, this home offers a flexible layout with a potential 4th bedroom or home office. Enjoy an eat-in kitchen and a large, fully fenced backyard complete with a shed for extra storage. Convenient single-level living with great potential-don't miss this opportunity. Call today for your private showing!
Welcome to this beautiful home in Kankakee, eagerly awaiting its new owners! This exquisite residence underwent a comprehensive update in 2021, featuring a brand-new furnace and air-conditioning system, along with new roofs for both the house and the garage. A state-of-the-art tankless water heater ensures you'll always have hot water on demand, while the drain tile system and sump pump provide peace of mind during wet seasons. As you step inside, you'll be captivated by the stunning open-concept living space, designed for both comfort and style. The highlight of the home is undoubtedly the incredible kitchen, complete with a central island topped with a quartz countertop. The kitchen also features elegant soft-close doors that add a modern touch to this inviting space, making it perfect for entertaining or casual gatherings. This home truly blends functionality and beauty, making it a must-see!
Open floor plan home with approximately 1,800 sq ft, featuring 3 bedrooms and 1.5 baths on the main level. Full basement is stripped to the studs and includes a full bath, offering additional living space potential. Living room includes a wood-burning fireplace. Primary bedroom is generously sized. Large backyard. Property offers opportunity for renovation and customization. If property was built prior to 1978, Lead Based Paint Potentially Exists.

The median home value in Kankakee, IL is $162,300. This is lower than the county median home value of $168,800. The national median home value is $338,100. The average price of homes sold in Kankakee, IL is $162,300. Approximately 40.51% of Kankakee homes are owned, compared to 42.5% rented, while 16.99% are vacant. Kankakee real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Kankakee real estate agent to arrange a tour today!
Kankakee, Illinois 60901 has a population of 24,903. Kankakee 60901 is less family-centric than the surrounding county with 23.35% of the households containing married families with children. The county average for households married with children is 27.32%.
The median household income in Kankakee, Illinois 60901 is $38,869. The median household income for the surrounding county is $61,664 compared to the national median of $69,021. The median age of people living in Kankakee 60901 is 35.9 years.
The average high temperature in July is 84.3 degrees, with an average low temperature in January of 15.6 degrees. The average rainfall is approximately 38.5 inches per year, with 23.8 inches of snow per year.