$139,000
$10K PRICE DROP

355 E Bourbonnais St Kankakee, IL 60901

Kankakee Area

Estimated payment $1,081/month

Total Views 2,446
6 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Property is near park
  • Multiple Water Heaters
  • Paved or Partially Paved Lot

About This Home

This solid two unit investment property offers exceptional income potential, with each spacious three bedroom unit boasting over thirteen hundred square feet of living space. Durable vinyl siding and vinyl windows complement a roof less than five years old, while a large attic presents exciting potential for conversion into a third unit. Utilities are separately metered, with tenants responsible for all costs except sewer, water, and garbage, and current rents of twelve hundred dollars per unit with matching security deposits make this a turnkey opportunity for any investor. Ideally located near the local farmers market and the river, this property combines strong cash flow with genuine long term upside. Don't miss your chance to add this promising investment to your portfolio.

Listing Agent

Paul Kirkpatrick

Exclusive Realtors License #475.183817 Listed on: 08/07/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,804

Year Built

  • Built in 1903

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Paved or Partially Paved Lot

Home Design

  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Parking Available
  • Off Alley Parking
  • Parking Included in Price

Schools

  • Kankakee Junior High School
  • Kankakee High School

Utilities

  • Heating System Uses Natural Gas
  • Multiple Water Heaters
  • Gas Water Heater

Additional Features

  • Basement Fills Entire Space Under The House
  • Property is near park

Community Details

  • 2 Units
  • Gross Income $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,804

Year Built

Built in 1903

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1903
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Full
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Other Equipment: CO Detectors, Multiple Water Heaters, Water Heater-Gas
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer

Exterior Features

  • Construction Materials: Vinyl Siding
  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Parking Features: Off Alley, Yes
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved

Schools

  • High School: Kankakee High School
  • Middle/Junior School: Kankakee Junior High School

Lot Info

  • Lot Size Acres: 0.11
  • Lot Dimensions: 50X100
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 17
  • Is Parking Included in Price: Yes

Multi Family

  • GrossIncome: 2400
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 3804.44
  • Tax Year: 2023
  • Tax Exemptions: None

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax 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.

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
2025 $3,804 $36,523 $2,690 $33,833
2024 $3,804 $32,179 $2,370 $29,809
2023 $3,666 $28,667 $2,111 $26,556
2022 $3,410 $25,092 $1,848 $23,244
2021 $3,218 $22,707 $1,672 $21,035
2020 $2,985 $20,411 $1,503 $18,908
2019 $2,845 $18,987 $1,398 $17,589
2018 $2,739 $17,580 $1,294 $16,286
2017 $3,068 $17,194 $1,266 $15,928
2016 $2,876 $16,857 $1,241 $15,616
2015 $2,778 $17,201 $1,266 $15,935
2014 $3,041 $19,546 $1,266 $18,280
2013 -- $20,361 $1,319 $19,042
Source: Public Records

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
08/07/2026 08/07/26 For Sale $149,000 +24.2% --
07/26/2024 07/26/24 Sold $119,987 0.0% -- View Prior Sale
06/21/2024 06/21/24 Pending -- -- --
06/19/2024 06/19/24 For Sale $119,987 -- --
Source: Midwest Real Estate Data (MRED)

Purchase 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 Type Sale Price Title Company
Warranty Deed $119,987 Kankakee County Title
Grant Deed $113,500 Kankakee Cnty Title & Tr
Source: Public Records

Mortgage 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 Status Loan Amount Loan Type
Open $89,990 New Conventional
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12727256

Midwest Real Estate Data (MRED)

APN: 16-17-05-114-018

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