Welcome to downtown Kankakee! Great opportunity in for the experienced investor looking to add cashflow to his investment, or for the first time buyer looking to house-hack! Walking distance from every amenity one could desire. Including grocery stores, gas stations, parks, museums, library, the list could go on! The Kankakee Riverfront project will be steps away! The building includes 4 similar units: 2 bed 1 bath, 800sqft/units. The building also has an unfinished basement with the opportunity for a laundry room. 2 Parking spots in the rear, 4 Parking spots in the front, and a 1.5 car garage for additional income. Tenants responsible for electric -all equipment is electric! (Heaters and water heaters!) Units have all been updated and rehabbed! All you need to do is is start collecting that cashflow!
Property Details
Price:
$290,000
MLS #:
MRD12710105
Status:
Active Under Contract
Beds:
8
Baths:
4
Type:
Multi Family
Neighborhood:
kankakee
Listed Date:
Jul 30, 2026
Year Built:
1960
See this Listing
Schools
School District:
111
Interior
Heating
Electric
Exterior
Construction Materials
Vinyl Siding, Brick
Garage Spaces
1.5
Lot Features
None
Other Structures
None
Parking Features
No Garage, Yes, Garage Owned, Detached, Off Street, Owned, Garage
Parking Spots
55
Parking Total
5.5
Financial
Tax Year
2025
Taxes
$3,892
Map
Community
- Address543 S 3rd Avenue Kankakee IL
- CityKankakee
- CountyKankakee
- Zip Code60901
Market Summary
Current real estate data for Multi Family in Kankakee as of Oct 07, 2026
12
Multi Family Listed
84
Avg DOM
$191,175
Avg List Price
Property Summary
- 543 S 3rd Avenue Kankakee IL is a Multi Family for sale in Kankakee, IL, 60901. It is listed for $290,000
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Copyright 2026. All rights reserved.
543 S 3rd Avenue
Kankakee, IL


