$195,000
- 5 Beds
- 2 Baths
1095 E Merchant St, Kankakee, IL 60901
Leda Quiaro Keller Williams Infinity
$195,000
1095 E Merchant St, Kankakee, IL 60901
Leda Quiaro Keller Williams Infinity
$184,900
560 S 5th Ave, Kankakee, IL 60901
Frank Tripodi Ultimate Realty Brokerage Svs
$160,000
491 S Chicago Ave, Kankakee, IL 60901
Vasiliki Skliros Compass
$200,000
357 S Rosewood Ave, Kankakee, IL 60901
Diego Pizano eXp Realty
$390,000
221 S Small Ave, Kankakee, IL 60901
Nayeli Perez Realty of America, LLC
$191,000
505 S Chicago Ave, Kankakee, IL 60901
Brenda Ervin Coldwell Banker Realty
$109,900
117 N Entrance Ave, Kankakee, IL 60901
Frank Tripodi Ultimate Realty Brokerage Svs
$3,999,000
210 - 280 Tedmark Ct, Kankakee, IL 60901
Buck Tamblyn McColly Bennett Real Estate
$110,000
369 S 3rd Ave Unit 371, Kankakee, IL 60901
Nayeli Perez Realty of America, LLC
$189,900
341 S Harrison Ave, Kankakee, IL 60901
Frank Tripodi Ultimate Realty Brokerage Svs
$49,900
1119 S Curtis Ave Unit A1, Kankakee, IL 60901
Buck Tamblyn McColly Bennett Real Estate
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.
On average, homes in Kankakee, IL sell after 45 days on the market compared to the national average of 58 days. The median sale price for homes in Kankakee, IL over the last 12 months is $150,000, consistent with the median home sale price over the previous 12 months.
In Kankakee, there are currently 11 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $49,900 to $3,999,000, there's a range to accomodate every budget. As of May, 2026 the median home price in Kankakee is $159,900, while the average sale price is $148,926, offering insights into the local housing market. On average, multi-family homes spend 45 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Kankakee, IL.