Prime Investment Opportunity: Fully-Leased Income Property in Kankakee, IL. This property offers cash flow with full occupancy, generating a total monthly rent of 2,740 across all units. Each unit is fully leased as follows:273 S 3rd Ave, Unit 1: Rented at 950/month 275 S 3rd Ave, Unit 1: Rented at 850/month 275 S 3rd Ave, Unit 2: Rented at 790/month This turn-key investment is ideal for portfolio growth, with stable, long-term tenants under active leases, ensuring immediate and ongoing revenue. Don’t miss out on this fully-leased property delivering 2,590 in monthly rent right from the start! The interior photos are of Units 2 and 3, taken prior to the tenants moving in.
Property Details
Price:
$160,000
MLS #:
MRD12610981
Status:
Active Under Contract
Beds:
6
Baths:
3
Type:
Multi Family
Neighborhood:
kankakee
Listed Date:
Apr 6, 2026
Year Built:
1895
See this Listing
Schools
School District:
111
Interior
Heating
Natural Gas
Exterior
Construction Materials
Vinyl Siding
Financial
Tax Year
2023
Taxes
$3,024
Map
Community
- Address273 S 3rd Avenue Kankakee IL
- CityKankakee
- CountyKankakee
- Zip Code60901
Market Summary
Current real estate data for Multi Family in Kankakee as of Jun 17, 2026
6
Multi Family Listed
72
Avg DOM
$179,300
Avg List Price
Property Summary
- 273 S 3rd Avenue Kankakee IL is a Multi Family for sale in Kankakee, IL, 60901. It is listed for $160,000
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Copyright 2026. All rights reserved.
273 S 3rd Avenue
Kankakee, IL


