331 E Water St Kankakee, IL 60901
Estimated payment $3,327/month
Highlights
- Community Boat Dock
- Deck
- Gazebo
- River Front
- Heated Sun or Florida Room
- Formal Dining Room
About This Home
Rare opportunity to own a generous 100 feet of Kankakee River frontage on a beautiful double lot with dock and direct water access. Enjoy peaceful waterfront living along the navigable Kankakee River, providing direct access for boating, fishing, kayaking, and outdoor recreation. This well-maintained residence offers approximately 2,200 square feet of living space and combines comfortable indoor living with an exceptional riverfront lifestyle. The home features 3 spacious bedrooms, each with walk-in closets, and 2 bathrooms. The second floor offers the convenience of upstairs laundry located near the bedrooms. The partially remodeled main floor includes new flooring, updated cabinets, and newer appliances, creating a refreshed and functional living space. The living room features a fireplace that can be used as either wood burning or gas. Additional highlights include a bright sunroom with relaxing river views, new carpet installed in 2025, and an attached 2 car garage. Step outside and enjoy true outdoor living with two decks overlooking the water, a gazebo perfect for entertaining or relaxing, and a dock ideal for boating, fishing, or enjoying the scenic Kankakee River. Riverfront homes with this much frontage, outdoor space, and direct water access rarely become available. Enjoy peaceful riverfront living while still being within convenient driving distance of the Chicago suburbs. Schedule your showing today and experience everything this Kankakee River property has to offer. Imagine spending summer evenings by the water, boating, fishing, or simply relaxing while watching the river flow by
Listing Agent
Berkshire Hathaway HomeServices Speckman Realty License #475217252 Listed on: 03/16/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $13,381
Year Built
- Built in 1905 | Remodeled in 2023
Lot Details
- 0.29 Acre Lot
- Lot Dimensions are 100 x 122 x 100 x 133
- River Front
- Fenced
- Property is zoned SINGL
Parking
- 2 Car Attached Garage
- Parking Available
- Driveway
- Parking Included in Price
Home Design
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 2,300 Sq Ft Home
- 2-Story Property
- Wet Bar
- Whole House Fan
- Ceiling Fan
- Wood Burning Fireplace
- Fireplace With Gas Starter
- Window Treatments
- Family Room
- Living Room with Fireplace
- Formal Dining Room
- Heated Sun or Florida Room
- Water Views
- Unfinished Attic
Kitchen
- Gas Oven
- Gas Cooktop
- Range Hood
- Dishwasher
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Walk-In Closet
- Bathroom on Main Level
- 2 Full Bathrooms
Laundry
- Laundry Room
- Laundry on upper level
- Dryer
- Washer
Unfinished Basement
- Partial Basement
- Crawl Space
Outdoor Features
- Docks
- Deck
- Patio
- Fire Pit
- Gazebo
- Shed
Schools
- Taft Primary Elementary School
- Kankakee Junior High School
- Kankakee High School
Utilities
- Central Air
- Heating System Uses Natural Gas
Community Details
- Community Boat Dock
Listing and Financial Details
- Homeowner Tax Exemptions
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 | $13,381 | $119,182 | $30,808 | $88,374 |
| 2023 | $12,809 | $106,176 | $27,446 | $78,730 |
| 2022 | $11,813 | $92,933 | $24,023 | $68,910 |
| 2021 | $11,069 | $84,102 | $21,740 | $62,362 |
| 2020 | $10,180 | $75,598 | $19,542 | $56,056 |
| 2019 | $9,639 | $70,324 | $18,179 | $52,145 |
| 2018 | $9,212 | $65,114 | $16,832 | $48,282 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/16/2026 03/16/26 | For Sale | $425,000 | +183.3% | $185 / Sq Ft | |
| 08/17/2012 08/17/12 | Sold | $150,000 | -8.8% | $65 / Sq Ft | View Prior Sale |
| 07/02/2012 07/02/12 | Pending | -- | -- | -- | |
| 05/09/2012 05/09/12 | Price Changed | $164,500 | -3.2% | $72 / Sq Ft | |
| 04/04/2012 04/04/12 | For Sale | $169,900 | -- | $74 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Servicelink |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $35,000 | New Conventional |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12586642
APN: 16-17-05-308-019
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.