$325,000
$95K PRICE DROP

2697 River Rd Kankakee, IL 60901

Estimated payment $2,672/month

Total Views 17,617
5 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

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.

Listing Agent

Kimberly Wirtz

Wirtz Real Estate Group Inc. License #471005499 Listed on: 04/23/2025

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,524

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Dishwasher
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 325000
  • Lot Features: Views
  • View: Water
  • Waterfront Features: River Front, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Garage Spaces: 5
  • Parking Features: Garage, On Site, Garage Owned, Attached, Detached
  • ParkingTotal: 5

Utilities

  • Sewer: Septic Tank
  • Heating: Natural Gas
  • Water Source: Well

Schools

  • Middle/Junior School District: 111

Lot Info

  • Lot Dimensions: 430X99X92X375X95X172X211
  • Lot Size: 2.0-2.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 10524
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12342638

Midwest Real Estate Data (MRED)

APN: 16-17-15-305-032