Kankakee, IL Multifamily Homes & Duplexes for Sale

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

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

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.

Anthony Spangler Horvath & Tremblay IL, LLC

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

This exceptional investment property in desirable Kankakee, Illinois, strategically positioned just off Schuyler near the local farmers market and within walking distance to the river, presents a compelling opportunity for local investors. The well-maintained three-unit building features two spacious one-bedroom apartments, one on the main floor and one on the upper level, alongside an efficient

Paul Kirkpatrick Exclusive Realtors

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

Prime Investment Opportunity: Fully-Leased Income Property in Kankakee, IL. This property offers cash flow with full occupancy, generating a total monthly rent of 2,740 across all units. Each unit is fully leased as follows:273 S 3rd Ave, Unit 1: Rented at 950/month 275 S 3rd Ave, Unit 1: Rented at 850/month 275 S 3rd Ave, Unit 2: Rented at 790/month This turn-key investment is ideal for

Isaiah Green Green Real Estate

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

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

This is a solid two-unit multifamily home with a detached two-car garage. Both units are over 1400 sq ft each, featuring original hardwood floors and woodwork throughout that give the building plenty of character. The property has fully separate utilities with two electric meters, two gas meters, and two water meters, making it a very straightforward and ideal setup for landlords. The first-floor

Dustin Kooy Village Realty Inc

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

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