341 S 5th Avenue, Kankakee, IL 60901
Local realty services provided by:Better Homes and Gardens Real Estate Connections
341 S 5th Avenue,Kankakee, IL 60901
$160,000
- 3 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: fawad shahid
Office: carnelian realty group
MLS#:12740729
Source:MLSNI
Price summary
- Price:$160,000
About this home
Excellent investment opportunity! This well-maintained two-unit property offers a great combination of stable rental income, recent improvements, and long-term investment potential. Whether you are an experienced investor looking to expand your portfolio or a first-time investor searching for a property with immediate cash flow, this is an opportunity worth considering. Both units are currently rented, allowing the new owner to begin collecting rental income from day one. The second-floor unit has been occupied by a long-term tenant for over 15 years, providing an impressive history of stability and consistent occupancy. The first-floor unit has been recently updated and is now occupied by a new tenant, offering a fresh rental start while benefiting from the property's recent improvements. The property has been well cared for and maintained, with several important mechanical and electrical updates already completed. Recent improvements include updated furnaces, electrical panels, and water heaters, helping provide peace of mind and reducing the likelihood of immediate major capital expenses. The recently updated first-floor unit adds additional appeal and value to the property, while the established long-term tenancy in the second-floor unit provides a strong rental history. Having both units occupied makes this property particularly attractive to investors seeking an income-producing asset without the uncertainty and expense of extended vacancy periods. This property offers an excellent opportunity to acquire a turnkey, income-producing two-unit building with established rental history, recent updates, and reliable occupancy. With both units currently leased and major systems already updated, this property is well positioned for continued rental income and long-term appreciation....
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Home facts
- Year built:1910
- Listing ID #:12740729
- Updated:November 08, 2026 at 12:30 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:3
- Basement Description:Full, Unfinished
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Roof:Asphalt
- Year built:1910
- Lot area:0.17 Acres
- Architectural Style:Traditional
- Exterior Features:Balcony
- Foundation Description:Concrete Perimeter, Stone
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$160,000
- Tax amount:$3,226 (2025)
Parking
- Total parking spaces:4
Copyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 341 S 5th Avenue
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