312 N 5th Ave Kankakee, IL 60901
Estimated payment $620/month
About This Home
Great investment opportunity in Kankakee! This 2 unit property sits next to the 5th Avenue Community Garden and offers excellent income potential. The main level unit features 1 bedroom, a living/dining room, 1 bathroom and kitchen. The upper level unit offers 2 bedrooms, 1 bathroom and kitchen. Brand new exterior stairs (2023) provide safe and easy access to upper level. Both units share a backyard shed, perfect for lawn equipment and each unit has a brand new water heater installed in 2023. Whether you're looking to expand your investment portfolio or live in one unit while renting the other, this property offers great versatility and rental income potential.
Listing Agent
Berkshire Hathaway HomeServices Speckman Realty License #475196499 Listed on: 10/24/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,080
Interior Spaces
- Ceiling Fan
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 2 Bathrooms
Parking
- 2 Parking Spaces
- Unassigned Parking
Additional Features
- Lot Dimensions are 37.5x125
- Heating System Uses Natural Gas
Community Details
- 2 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 | $3,080 | $26,052 | $2,538 | $23,514 |
| 2023 | $2,968 | $23,209 | $2,261 | $20,948 |
| 2022 | $2,760 | $20,314 | $1,979 | $18,335 |
| 2021 | $2,605 | $18,384 | $1,791 | $16,593 |
| 2020 | $2,417 | $16,525 | $1,610 | $14,915 |
| 2019 | $2,304 | $15,372 | $1,498 | $13,874 |
| 2018 | $2,218 | $14,233 | $1,387 | $12,846 |
| 2017 | $2,484 | $13,919 | $1,356 | $12,563 |
| 2016 | $2,328 | $13,646 | $1,329 | $12,317 |
| 2015 | $2,249 | $13,924 | $1,356 | $12,568 |
| 2014 | $2,280 | $14,656 | $1,356 | $13,300 |
| 2013 | -- | $15,266 | $1,412 | $13,854 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/01/2026 01/01/26 | Pending | -- | -- | -- | |
| 12/29/2025 12/29/25 | Price Changed | $70,000 | -12.5% | -- | |
| 11/11/2025 11/11/25 | For Sale | $80,000 | 0.0% | -- | |
| 11/05/2025 11/05/25 | Pending | -- | -- | -- | |
| 10/25/2025 10/25/25 | Price Changed | $80,000 | -5.9% | -- | |
| 10/24/2025 10/24/25 | For Sale | $85,000 | +1600.0% | -- | |
| 05/30/2023 05/30/23 | Sold | $5,000 | -77.8% | -- | View Prior Sale |
| 05/16/2023 05/16/23 | Pending | -- | -- | -- | |
| 05/08/2023 05/08/23 | Price Changed | $22,500 | -6.3% | -- | |
| 05/01/2023 05/01/23 | Price Changed | $24,000 | -11.1% | -- | |
| 04/25/2023 04/25/23 | Price Changed | $27,000 | -6.9% | -- | |
| 04/19/2023 04/19/23 | Price Changed | $29,000 | -14.7% | -- | |
| 04/12/2023 04/12/23 | Price Changed | $34,000 | -12.8% | -- | |
| 04/06/2023 04/06/23 | Price Changed | $39,000 | -7.1% | -- | |
| 03/31/2023 03/31/23 | Price Changed | $42,000 | -14.3% | -- | |
| 03/23/2023 03/23/23 | Price Changed | $49,000 | -9.3% | -- | |
| 03/16/2023 03/16/23 | Price Changed | $54,000 | -15.6% | -- | |
| 03/08/2023 03/08/23 | Price Changed | $64,000 | -7.2% | -- | |
| 02/28/2023 02/28/23 | For Sale | $69,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $24,000 | Standard Title | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12503103
APN: 16-09-32-312-005
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