2697 River Rd Kankakee, IL 60901
Estimated payment $2,672/month
About This Home
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 white cabinetry and stainless steel appliances, a large family room, 3 bedrooms, 1 full bath, and a 2-car attached garage. Home #2 offers 2 bedrooms, 1 full bath, and a 1-car garage, perfect for extended family or rental income. Home #3 includes a 2-car garage and is currently gutted-ready for your finishing touches or complete customization. With ample space, serene river views, and flexible use potential, this property is ideal for redevelopment or as a multi-unit income generator. Imagine the possibilities-live in one, rent the others, or start fresh and build your dream home in this peaceful, scenic setting. Don't miss your chance to own a one-of-a-kind property with riverfront charm and investment appeal.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,524
Lot Details
- Lot Dimensions are 430x99x92x375x95x172x211
- River Front
Parking
- 5 Car Garage
Property Views
- Water Views
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- 2 Bathrooms
Utilities
- Heating System Uses Natural Gas
- Well
- Septic Tank
Community Details
- 3 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2024 | $11,239 | $137,869 | $34,767 | $103,102 |
2023 | $10,682 | $122,823 | $30,973 | $91,850 |
2022 | $9,784 | $107,504 | $27,110 | $80,394 |
2021 | $9,160 | $97,289 | $24,534 | $72,755 |
2020 | $8,610 | $87,451 | $22,053 | $65,398 |
2019 | $8,217 | $81,349 | $20,514 | $60,835 |
2018 | $7,801 | $75,323 | $18,994 | $56,329 |
2017 | $7,636 | $73,665 | $18,576 | $55,089 |
2016 | $7,412 | $72,221 | $18,212 | $54,009 |
2015 | $7,303 | $73,695 | $18,584 | $55,111 |
2014 | $6,969 | $73,695 | $18,584 | $55,111 |
2013 | -- | $76,765 | $19,358 | $57,407 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/24/2025 07/24/25 | Price Changed | $325,000 | -7.1% | -- |
05/16/2025 05/16/25 | Price Changed | $349,900 | -16.7% | -- |
04/23/2025 04/23/25 | For Sale | $420,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12342638

APN: 16-17-15-305-032
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