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Kankakee, IL Multifamily Homes & Duplexes for Sale

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  • /37

    $195,000

    • 5 Beds
    • 2 Baths

    1095 E Merchant St, Kankakee, IL 60901

    Fantastic Investment Opportunity in Kankakee! This remodeled 2-unit building is ideal for investors or those seeking a multi-family living option. The property includes a spacious 3-bedroom, 1-bathroom unit and a well-designed 2-bedroom, 1-bathroom unit, both featuring modern finishes and thoughtful upgrades. Each unit is equipped with its own laundry facilities, providing added convenience for

    Leda Quiaro Keller Williams Infinity

    1095 E Merchant St, Kankakee, IL 60901
  • /2

    $184,900

    560 S 5th Ave, Kankakee, IL 60901

    Fully occupied 5-unit building with off street parking. Each unit has 1 bedroom, 1 bath and separate utilities. 4 units have gas heat and 3 units have central ac, the 5th unit has electric heat and window ac unit. Very productive unit and seller is motivated, will entertain all offers.

    Frank Tripodi Ultimate Realty Brokerage Svs

    560 S 5th Ave, Kankakee, IL 60901
  • /9

    $160,000

    $5K PRICE DROP
    • 6 Beds
    • 4 Baths

    491 S Chicago Ave, Kankakee, IL 60901

    ValueAdd Triplex With Seller Financing - 491 S Chicago Ave, Kankakee CASH ONLY. Already priced to sell. Seller has other interests and is ready to move this property. Value supported by a recent appraisal. All offers and credit types considered. This triplex offers a strong valueadd opportunity with over $50,000 in recent upgrades already completed, providing builtin equity for the next owner.

    Vasiliki Skliros Compass

    491 S Chicago Ave, Kankakee, IL 60901
  • /17

    $200,000

    • 6 Beds
    • 2 Baths

    357 S Rosewood Ave, Kankakee, IL 60901

    Don't miss this well-maintained 2-unit property in the heart of Kankakee! Whether you're an investor looking to expand your portfolio or an owner occupant seeking rental income, this versatile property offers strong potential. For any questions reach out to the listing agent

    Diego Pizano eXp Realty

    357 S Rosewood Ave, Kankakee, IL 60901
  • /6

    $390,000

    Open Sat 12AM - 2PM
    • 7 Beds
    • 4 Baths

    221 S Small Ave, Kankakee, IL 60901

    Spacious 4-unit investment opportunity featuring three 2-bedroom units and one 1-bedroom unit. All tenants are currently on month-to-month leases, offering flexibility for investors or owner-occupants! Perfect for a seasoned investor looking to add to their portfolio or a starter investor wanting to live in one unit while renting out the other three. Property is conveniently located near

    Nayeli Perez Realty of America, LLC

    221 S Small Ave, Kankakee, IL 60901
  • /18

    $191,000

    • 6 Beds
    • 2 Baths

    505 S Chicago Ave, Kankakee, IL 60901

    GREAT INVESTMENT OPPORTUNITY IN KANKAKEE FOR 2 UNIT! FULLY RENTED. Fully renovated in 2025, this two-unit property offers two ample sized 3-bedroom, 1-bath units designed with open-concept living which supports both relaxation and everyday comfort. The main-level unit features a comfortable living and open dining room, which flows into the kitchen making the area the preferred family

    Brenda Ervin Coldwell Banker Realty

    505 S Chicago Ave, Kankakee, IL 60901
  • /2

    $109,900

    • 4 Beds
    • 2 Baths

    117 N Entrance Ave, Kankakee, IL 60901

    Nicely maintained 2 unit property! Fully occupied and has had recent renovations. Very close to Provena Hospital and downtown Kankakee. Also close to I-57 (exit 312). Features include deck, fencing, off-street parking. Seller motivated and will entertain all offers.

    Frank Tripodi Ultimate Realty Brokerage Svs

    117 N Entrance Ave, Kankakee, IL 60901
  • /21

    $3,999,000

    $351K PRICE DROP

    210 - 280 Tedmark Ct, Kankakee, IL 60901

    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 $3,999,000 equal to $68,965 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

    Buck Tamblyn McColly Bennett Real Estate

    210 - 280 Tedmark Ct, Kankakee, IL 60901
  • /6

    $110,000

    • 4 Beds
    • 2 Baths

    369 S 3rd Ave Unit 371, Kankakee, IL 60901

    Whether you're looking for your first investment property or want to live in one unit while collecting rent from the other, this one makes sense! Brick 2-flat with two spacious 2 bedroom units, full basement with tenant laundry area for the first floor unit and extra storage space through the walk-up attic access in the second floor unit. This property also includes an additional lot behind the

    Nayeli Perez Realty of America, LLC

    369 S 3rd Ave Unit 371, Kankakee, IL 60901
  • /13

    $189,900

    • 4 Beds
    • 4 Baths

    341 S Harrison Ave, Kankakee, IL 60901

    Nice 4 unit building in good condition with separate addresses and separate exterior entrances for lower level. Unit contains 4 -1 bedroom unit's with $2400.00 rent role. Building has a basement for utilities. On site and street parking available.

    Frank Tripodi Ultimate Realty Brokerage Svs

    341 S Harrison Ave, Kankakee, IL 60901
  • /8

    $49,900

    $18K PRICE DROP
    • 1 Bed
    • 1 Bath
    • 900 Sq Ft

    1119 S Curtis Ave Unit A1, Kankakee, IL 60901

    WEST KANKAKEE 1 BEDROOM/1 BATHROOM CONDO FOR SALE - Recently update! Special features include: Ground floor, central air, rear patio off living room and appliances. Laundry facility adjacent to the unit also. A cozy apartment at a very affordable price! Monthly Condo association fee includes: gas, water, sewer, garbage, lawn and snow maintenance. Call today!

    Buck Tamblyn McColly Bennett Real Estate

    1119 S Curtis Ave Unit A1, Kankakee, IL 60901

Why Live in Kankakee

Kankakee, Illinois, located 60 miles south of downtown Chicago, offers a quieter lifestyle compared to the bustling city and its suburbs. With a population of just over 24,000, Kankakee is known for its access to the Kankakee River and numerous parks, including over a dozen riverfront parks with boat launch access. The Kankakee Valley Park District operates more than 30 parks, featuring amenities like the Ice Valley Centre Ice Arena, pickleball and basketball courts, and River Run Dog Park. The Riverview Historic District showcases homes from the late 1800s and early 1900s, including two Frank Lloyd Wright-designed houses. Unlike other historic districts, Riverview does not enforce strict renovation rules, encouraging residents to maintain their homes with care. Downtown Kankakee features older buildings, with the Executive Center housing offices and a branch of the Kankakee Public Library. The area hosts a farmers’ market from May to October and the Merchant Street MusicFest in July. Schuyler Avenue is lined with locally owned businesses, boutiques, and restaurants, while larger chain stores are found at Meadowview Shopping Center and Riverstone Plaza. Public transportation is provided by the River Valley Metro Mass Transit District, with bus services extending to nearby communities. Amtrak connects Kankakee to Chicago and Champaign, and the Greater Kankakee Airport serves general aviation needs.

Home Trends in Kankakee, IL

Housing Trends

Median Sale Price
$150,000
Median Single Family Sale Price
$154,050
Median 1 Bedroom Sale Price
$49,900
Average Price Per Sq Ft
$112
Number of Homes for Sale
30
Last 12 months Home Sales
239
Months of Supply
1.50
Median List Price
$159,900
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
0%
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