221 S Small Ave Kankakee, IL 60901
Kankakee AreaEstimated payment $2,680/month
About This Home
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 shopping, dining, and everyday amenities. Recent improvements include a brand-new parking lot and driveway completed in 2024, new roof 2026!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,799
Year Built
- Built in 1972
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 4 Bathrooms
Parking
- 8 Parking Spaces
- Parking Available
- Unassigned Parking
Additional Features
- Partial Basement
- Heating Available
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $2,160
- Insurance Expense $2,600
- Water Sewer Expense $4,680
- Gross Income $49,800
- Net Operating Income $18,197
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/26/2026 07/26/26 | Pending | -- | -- | -- | |
| 07/18/2026 07/18/26 | For Sale | $370,000 | +57.4% | -- | |
| 06/16/2022 06/16/22 | Sold | $234,999 | 0.0% | -- | View Prior Sale |
| 05/23/2022 05/23/22 | Pending | -- | -- | -- | |
| 05/09/2022 05/09/22 | Price Changed | $234,999 | -1.1% | -- | |
| 04/13/2022 04/13/22 | For Sale | $237,500 | 0.0% | -- | |
| 03/23/2022 03/23/22 | Pending | -- | -- | -- | |
| 03/09/2022 03/09/22 | For Sale | $237,500 | +150.0% | -- | |
| 01/31/2013 01/31/13 | Sold | $95,000 | 0.0% | -- | View Prior Sale |
| 01/12/2013 01/12/13 | Off Market | $95,000 | -- | -- | |
| 03/27/2012 03/27/12 | Pending | -- | -- | -- | |
| 01/11/2012 01/11/12 | For Sale | $150,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12709162
APN: 16-09-31-308-007
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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