Price Reduced ListingThis exceptional investment property in desirable Kankakee, Illinois, strategically positioned just off Schuyler near the local farmers market and within walking distance to the river, presents a compelling opportunity for local investors. The well-maintained three-unit building features two spacious one-bedroom apartments, one on the main floor and one on the upper level, alongside an efficient studio unit with charming loft space, all currently occupied by reliable long-term tenants providing steady, consistent income at 550 dollars monthly for the efficiency unit, 600 dollars for the upper one-bedroom, and 900 dollars for the main floor one-bedroom, with tenants responsible for gas and electric while the landlord maintains water, sewer, and garbage services. The property boasts superior curb appeal with updated Dutch lap vinyl siding and a durable architectural roof, featuring wrapped windows and soffits ensuring the new owner will not have to paint the windows or soffits during the rental relicensing process upon sale, while the practical basement exterior access ensures convenient maintenance without disrupting tenant occupancy, and the property offers street parking with additional parking spaces in the back for tenants. Schedule your showing today. 24hr notice needed.
| MLS # | 12649319 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1905 |
| Days On Site | 102 |
| Listing Provided By | Exclusive Realtors | Paul Kirkpatrick |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 |
| Basement | Y |
| Zoning | MULTI |
| Acreage | 0.17 |
| Rooms Total | 7 |
|---|---|
| Heating | Natural Gas, Electric, Forced Air |
| Window Features | Screens |
| Exterior Features | Balcony |
|---|---|
| Roof | Asphalt |
| Foundation Details | Block, Stone |
| Construction Materials | Vinyl Siding |
| Patio And Porch Features | Porch |
| Parking Features | Off Alley, Off Street, Yes, Owned |
|---|
| Sewer | Public Sewer |
|---|
| Community Features | Park, Curbs, Sidewalks, Street Lights, Street Paved |
|---|
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 3025 |
| State | IL |
|---|---|
| County | Kankakee |
| City | Kankakee |
| Zip Code | 60901 |
| Area | Kankakee |
| School District | Kankakee High School |
| Elementary School | Taft Primary School |
| High School | Kankakee High School |
| Listing VS Median (in 60901) | |
Price: $129,900 low | high Med: $184,950 On site: 102 low | high Med: 23.5 | |
| State | IL |
|---|---|
| County | Kankakee |
| City | Kankakee |
| Zip Code | 60901 |
| Area | Kankakee |
| School District | Kankakee High School |
| Elementary School | Taft Primary School |
| High School | Kankakee High School |
| Listing VS Median (in 60901) | |
Price: $129,900 low | high Med: $184,950 On site: 102 low | high Med: 23.5 | |