Seller's Agent in 2026
Monica Pizano
RE/MAX Prestige Homes
(815) 671-6209
94 in this area
193 Total Sales
427 S Chicago Ave Unit 431 Kankakee, IL 60901
6
Beds
2
Baths
--
Sq Ft
1906
Built
About This Home
As of May 2026Investor Special - Opportunity in the Heart of Kankakee! Massive 2600 sq ft two-unit property offering a rare opportunity for real estate investors looking to rehab, reposition, and maximize rental income. Each unit features 3 generously sized bedrooms with spacious room layouts, providing strong potential for future long-term tenants once renovated. The full basement offers an excellent opportunity to add a shared laundry area, creating an additional income stream and increasing overall property value. Located close to downtown Kankakee, this property is within close proximity to restaurants, gas stations, the public library, Kankakee Farmers Market, City Hall, the courthouse, attorney offices, and numerous other downtown amenities-making it a highly desirable location for future renters. This property is ideal for those looking to renovate, rent, and build long-term wealth in a centrally located area. A new roof has been approved and will be replaced before the end of March. Bring your contractor and your vision-opportunities like this don't come around often. This property is being sold in AS IS condition.
Last Agent to Sell the Property
RE/MAX Prestige Homes License #471021493 Listed on: 01/24/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1906
Home Design
- Aluminum Siding
Interior Spaces
- 2-Story Property
- Entrance Foyer
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 2 Bathrooms
Parking
- 4 Parking Spaces
- Parking Available
Additional Features
- Lot Dimensions are 50x145
- Heating System Uses Natural Gas
Community Details
- 2 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 1, 2025
Sold by
City Of Kankakee
Bought by
Kankakee Regional Land Bank Authority
Purchase Details
Closed on
May 15, 2012
Sold by
State Bk Of Herscher
Bought by
City Of Kankakee
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Grant Deed | $27,500 | Attorney Only |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/11/2026 05/11/26 | Sold | $45,000 | 0.0% | -- |
| 04/02/2026 04/02/26 | Pending | -- | -- | -- |
| 01/24/2026 01/24/26 | For Sale | $45,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
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 |
|---|---|---|---|---|
| 2025 | -- | $0 | $0 | $0 |
| 2024 | $0 | $0 | $0 | $0 |
| 2023 | $0 | $0 | $0 | $0 |
| 2022 | $0 | $0 | $0 | $0 |
| 2021 | $0 | $0 | $0 | $0 |
| 2020 | $0 | $0 | $0 | $0 |
| 2019 | $0 | $0 | $0 | $0 |
| 2018 | $0 | $0 | $0 | $0 |
| 2017 | $0 | $0 | $0 | $0 |
| 2016 | $0 | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
| 2013 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Monica Pizano
-
Joanna Dlugopolski
Buyer's Agent in 2026
Joanna Dlugopolski
Listing Leaders Northwest, Inc
(630) 788-0698
1 in this area
171 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12548086
APN: 16-17-05-116-013
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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