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Kankakee, IL Multifamily Homes & Duplexes for Sale

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  • /14

    $105,000

    • 3 Beds
    • 3 Baths

    227 S Washington Ave, Kankakee, IL 60901

    Recently rehabbed two unit in the Heart of Kankakee. First floor unit boasts High ceilings, spacious living room and kitchen, updated bathroom and two bedrooms with plenty of closet space. The second floor unit has been completely rehabbed in 2022. It is a one bedroom two bathroom unit with a bathroom in the bedroom. Both tenants are on a month to month lease. This is a perfect investment

    Victor Arteaga Realty of America, LLC

    227 S Washington Ave, Kankakee, IL 60901
  • /7

    $70,000

    • 3 Beds
    • 2 Baths

    197 N Cottage Ave, Kankakee, IL 60901

    Good Cash Flow property. Upper unit has baseboard heat. Heat & electric is separate. Lower unit currently vacant. Note that this property can be purchased as a package with 357 S. Indiana Ave / 464 E. Station St. / and 802 N. Harrison Ave. Close to entertainment, parks, shopping and easy expressway access.

    Richard Harnik First Midwest Realty LLC

    197 N Cottage Ave, Kankakee, IL 60901
  • /15

    $159,900

    • 4 Beds
    • 2 Baths

    340 Tedmark Ct Unit 342, Kankakee, IL 60901

    Investor Alert! Exceptional Investment Opportunity. Don't miss this prime opportunity to own a well-maintained duplex just minutes from I-57, offering convenient access to the Bradley-Bourbonnais area. This solid property features two identical units, each with two bedrooms and one full bath, all on separate utilities. The exterior showcases a blend of brick and vinyl siding, updated vinyl

    Paul Kirkpatrick Exclusive Realtors

    340 Tedmark Ct Unit 342, Kankakee, IL 60901
  • /18

    $90,000

    • 4 Beds
    • 2 Baths

    263 N Wildwood Ave, Kankakee, IL 60901

    Come check out this two-unit property just outside of downtown Kankakee! It could use a little love, but it's packed with potential-whether you're looking for a solid rental investment or a great opportunity to live in one unit and rent out the other. Don't miss your chance to see this awesome property in person!

    Isaiah Green Green Real Estate

    263 N Wildwood Ave, Kankakee, IL 60901
  • /34

    $139,999

    • 6 Beds
    • 2 Baths

    312 S Evergreen Ave Unit 314, Kankakee, IL 60901

    Looking for an investment property? One unit vacant, other is occupied. Live in one unit and collect steady cash every month. Check out this Craftsman woodwork inspired multi family home with 2 units. Each unit features 3 generous sized bedrooms, a full bath, kitchen, living & dining rooms with mostly original hardwood flooring and built-in storage units. There is a full unfinished basement, a

    Frank Montro Keller Williams Preferred Rlty

    312 S Evergreen Ave Unit 314, Kankakee, IL 60901
  • /12

    $275,000

    605 N Dearborn Ave Unit 609, Kankakee, IL 60901

    A fully renovated rental package (605-609 N Dearborn Ave, 281-283 E Birch St, and 277 E Birch St.) in Kankakee, includes both multi-unit and single-family homes, giving you solid flexibility and steady income potential. Each property has been recently updated, with improvements that make them attractive to tenants and easy to manage for any investor. At 283 E Birch, you'll find a modern 1-bedroom

    Stephen Styck Styken Real Estate and Property Management

    605 N Dearborn Ave Unit 609, Kankakee, IL 60901
  • /8

    $210,000

    • 7 Beds
    • 4 Baths

    294 N Greenwood Ave, Kankakee, IL 60901

    Presenting a solid investment asset - this two-story, low-rise apartment building, encompasses 4 residential units with a total of 8 bedrooms and 4 bathrooms. The property features vinyl siding and a full, unfinished basement. Each unit has been fully renovated in 2024, offering updated living spaces that are rental-ready. The unit mix includes one 3-bedroom unit, two 2-bedroom units, and one

    Stephen Styck Styken Real Estate and Property Management

    294 N Greenwood Ave, Kankakee, IL 60901
  • /11

    $250,000

    • 4 Beds
    • 4 Baths

    363 E Hickory St Unit 365, Kankakee, IL 60901

    Investor-Friendly 4-Unit Opportunity in the Heart of Kankakee. 363-356 E Hickory St Kankakee, IL is a turn key, low maintenance and fully occupied! Positioned just blocks from the future Kankakee Riverwalk development, this well-maintained 4-unit property offers a strong blend of current cash flow and long-term upside in a promising up-and-coming neighborhoods. The area continues to attract

    Stephen Styck Styken Real Estate and Property Management

    363 E Hickory St Unit 365, Kankakee, IL 60901
  • /9

    $179,000

    • 3 Beds
    • 3 Baths

    360 S Washington Ave Unit 366, Kankakee, IL 60901

    Investment Opportunity! Take advantage of this excellent opportunity to expand your rental portfolio with this income-producing property in a convenient Kankakee location. Whether you're a seasoned investor or just getting started, this property offers strong potential and steady returns. This home is tenant-occupied, making it a turnkey rental with immediate cash flow. It offers a solid

    Stephen Styck Styken Real Estate and Property Management

    360 S Washington Ave Unit 366, Kankakee, IL 60901
  • /7

    $129,000

    • 3 Beds
    • 2 Baths

    641 N Indiana Ave, Kankakee, IL 60901

    Rehabbed 2-Unit Investment Property Excellent opportunity to own a fully rehabbed, cash-flow-ready 2-unit property in a high-demand rental area of Kankakee! Both units have been updated and are move-in ready for tenants, making this a perfect turnkey investment. Recent updates include: Fully updated kitchens in both units - modern finishes and functional layouts Interior rehab completed

    Stephen Styck Styken Real Estate and Property Management

    641 N Indiana Ave, Kankakee, IL 60901
  • /6

    $130,000

    • 4 Beds
    • 2 Baths

    464 S Harrison Ave, Kankakee, IL 60901

    This solid, recently renovated duplex is a great find for any investor. Both 2-bed, 1-bath units are currently rented, offering immediate cash flow. Inside, you'll find modern upgrades like luxury vinyl flooring, quartz countertops in one unit, fresh carpet in the bedrooms, and beautifully tiled bath surrounds-making it both low-maintenance and appealing to tenants. Whether you're building your

    Stephen Styck Styken Real Estate and Property Management

    464 S Harrison Ave, Kankakee, IL 60901
  • /17

    $127,000

    • 4 Beds
    • 2 Baths

    592 N Dearborn Ave, Kankakee, IL 60901

    Check out this well-maintained duplex at 592 N Dearborn Ave-a great opportunity for any investor or owner-occupant. The building has two units: one is a 3-bed, 1-bath and the other is a 2-bed, 1-bath, ready to generate income. Located in a residential neighborhood, this property is close to local schools, parks, and just minutes from downtown Kankakee. Tenants pay their own electric, and the

    Stephen Styck Styken Real Estate and Property Management

    592 N Dearborn Ave, Kankakee, IL 60901
  • /17

    $125,000

    • 4 Beds
    • 2 Baths

    768 N Indiana Ave, Kankakee, IL 60901

    Turnkey Rental Opportunity - Tenant in Place | 768 N Indiana Ave, Kankakee, IL Great opportunity to add a performing rental to your portfolio! This well-maintained home features a long-term tenant already in place, offering immediate rental income with no upfront work needed. Recent updates include: Newer flooring and fresh paint throughout - clean, modern interior ready for continued

    Stephen Styck Styken Real Estate and Property Management

    768 N Indiana Ave, Kankakee, IL 60901
  • /9

    $123,000

    • 2 Beds
    • 2 Baths

    259 N Evergreen Ave, Kankakee, IL 60901

    This updated duplex offers a great opportunity for both investors and owner-occupants. Recent improvements include a brand new roof, fresh exterior siding, and new back steps, making this property truly move-in and rental-ready. Each unit features 1 bedroom and 1 bathroom, with the lower unit boasting a bright sunroom filled with natural light-perfect for added living space or a home office. The

    Stephen Styck Styken Real Estate and Property Management

    259 N Evergreen Ave, Kankakee, IL 60901
  • /46

    $125,000

    • 3 Beds
    • 2 Baths

    341 S 5th Ave, Kankakee, IL 60901

    Fantastic investment opportunity! This affordable and well-maintained 2-unit property is a rare find, with tenants in place for over 10 and 15 years, providing stable, long-term rental income. The home has been meticulously cared for, minimizing maintenance concerns. Whether you're looking to expand your portfolio or start your investment journey, this property offers immediate cash flow with

    Monica Pizano RE/MAX Prestige Homes

    341 S 5th Ave, Kankakee, IL 60901
  • /2

    $105,000

    • 4 Beds
    • 1 Bath

    232-236 S 4th Ave, Kankakee, IL 60901

    In need of rehab, 2 Unit - 2 Bedroom - 1 Bath each unit. Hardwood floors in 2nd floor unit. Roof 2020. Great location near St. Mary's Hospital, Banks and shopping. Offer must have buyer PROOF OF FUNDS/APPROVAL LETTER. Property is sold AS IS/WHERE IS. No Inspections or Survey paid by Seller. Earnest money payable by Cashier's Check to Speckman Realty.

    Amanda Fedrow Berkshire Hathaway HomeServices Speckman Realty

    232-236 S 4th Ave, Kankakee, IL 60901
  • /60

    $325,000

    • 5 Beds
    • 2 Baths

    2697 River Rd, Kankakee, IL 60901

    This unique investment opportunity features three separate homes situated on a stunning 2.41-acre lot with breathtaking views of the Kankakee River and Island View Marina. Whether you're an investor looking for rental income or a visionary ready to build your dream estate, this property offers endless potential. Home #1 features vaulted ceilings, a spacious living room, an updated kitchen with

    Kimberly Wirtz Wirtz Real Estate Group Inc.

    2697 River Rd, Kankakee, IL 60901
  • /18

    $150,000

    • 5 Beds
    • 3 Baths

    229 S Sibley Ave, Kankakee, IL 60901

    KANKAKEE - 3 UNIT PROPERTY FOR SALE - There is a two flat home with an additional unit above the detached garage. The home has a two bedroom/1 bath unit downstairs, and a one bedroom/1bathroom unit upstairs. The garage has a 2 bedroom/1 bathroom unit above the garage. Great income potential on this newly rehabbed, move-in ready property! Call today!

    Buck Tamblyn McColly Bennett Real Estate

    229 S Sibley Ave, Kankakee, IL 60901
  • /13

    $192,900

    • 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 $2150.00 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
  • /7

    $105,000

    • 4 Beds
    • 2 Baths

    1020 E Court St, Kankakee, IL 60901

    Beautiful 2 Flat Building, Fully rented. Each unit has Living Room, Dining Room, Kitchen, 2 bedrooms and 1 bathroom. Roof replaced 7 years ago. Bathrooms updated. Each tenant pays their own electric bill. Owner pays water, and gas. Sold As-Is, but in terrific condition.

    Debby Little Century 21 Circle

    1020 E Court St, Kankakee, IL 60901
  • /12

    $160,000

    • 6 Beds
    • 3 Baths

    273 S 3rd Ave Unit 275, Kankakee, IL 60901

    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 1,050/month 275 S 3rd Ave, Unit 1: Rented at 900/month 275 S 3rd Ave, Unit 2: Rented at 790/month This turn-key investment is ideal for

    Isaiah Green Green Real Estate

    273 S 3rd Ave Unit 275, Kankakee, IL 60901
  • /2

    $175,000

    247 W Merchant St, Kankakee, IL 60901

    KANKAKEE - 9 UNIT ROOMING HOUSE - The downstairs consists of 4 single rooms and a community kitchen, 1 common bathroom, and a common Laundry Room. The upstairs has 5 single rooms and 1 common bathroom. The property does carry a rental license and management is available if needed. Great income producing property!! Call today!

    Buck Tamblyn McColly Bennett Real Estate

    247 W Merchant St, Kankakee, IL 60901
  • /2

    $90,000

    • 3 Beds
    • 2 Baths

    653 E River St, Kankakee, IL 60901

    KANKAKEE - 2 UNIT FOR SALE - Investor alert, great investment/income producing property or live in one unit and rent the other! Located near the Kankakee River, downtown Kankakee, and main thoroughfares. Each unit has its own furnace, new in 2021. Call today!

    Buck Tamblyn McColly Bennett Real Estate

    653 E River St, Kankakee, IL 60901
  • /2

    $90,000

    • 4 Beds
    • 2 Baths

    1019 E Bourbonnais St, Kankakee, IL 60901

    KANKAKEE - 2 UNIT FOR SALE - Great investment/income producing duplex. Fully leased, and in good condition. The property is near downtown Kankakee, the Farmers Market, Courthouse and financial district of Kankakee. Call today!

    Buck Tamblyn McColly Bennett Real Estate

    1019 E Bourbonnais St, 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
$180,000
Median Single Family Sale Price
$162,500
Average Price Per Sq Ft
$122
Number of Homes for Sale
0
Last 12 months Home Sales
21
Months of Supply
0.00
Median List Price
$195,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-6%
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