“Rare Two-Unit Investment Opportunity in Chebanse” Don’t miss this hard-to-find two-unit property in Kankakee County, offering existing rental income and additional upside potential. The property features two separate 1-bedroom units, with one unit on the main level and one upstairs. The upper unit is currently tenant-occupied, giving an investor the opportunity to step into an income-producing property while improving or leasing the remaining unit. Situated on a generous corner lot approximately 60 x 200 per assessor, the property also offers a large yard, detached garage, and unfinished cellar for additional storage. With limited multi-unit inventory in the Chebanse area, this property could be an excellent addition to a rental portfolio or a potential owner-occupant investment for a buyer looking to live in one unit while generating income from the other. Property will not qualify for traditional FHA
Property Details
Price:
$160,000
MLS #:
MRD12758554
Status:
Active
Beds:
2
Baths:
2
Type:
Multi Family
Neighborhood:
chebanse
Listed Date:
Sep 14, 2026
See this Listing
Schools
School District:
4
Interior
Heating
Natural Gas, Electric
Exterior
Construction Materials
Vinyl Siding
Garage Spaces
2
Parking Features
Yes, Garage Owned, Detached, Garage
Parking Spots
8
Parking Total
8
Financial
Tax Year
2025
Taxes
$3,104
Map
Community
- Address397 W Chebanse Avenue Chebanse IL
- CityChebanse
- CountyKankakee
- Zip Code60922
Market Summary
Current real estate data for Multi Family in Chebanse as of Oct 11, 2026
1
Multi Family Listed
27
Avg DOM
$160,000
Avg List Price
Property Summary
- 397 W Chebanse Avenue Chebanse IL is a Multi Family for sale in Chebanse, IL, 60922. It is listed for $160,000
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Copyright 2026. All rights reserved.
397 W Chebanse Avenue
Chebanse, IL

