491 S Chicago Avenue, Kankakee, IL 60901

Kankakee
Local realty services provided by:Better Homes and Gardens Real Estate Connections
491 S Chicago Avenue,Kankakee, IL 60901
$165,000
  • 6 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: vasiliki skliros, carmen salerno
Office: compass
MLS#:12562010
Source:MLSNI

Price summary

  • Price:$165,000

About this home

Value-Add 3 Unit with Strong Cash Flow Potential - Kankakee Attention investors - this three-unit property at 491 S Chicago Ave, Kankakee, IL offers a prime opportunity to create equity and generate consistent rental income. One unit is currently habitable and rentable, providing immediate income potential, while two additional units need light remodeling - a perfect setup for a value-add investor looking to increase rents and overall property performance. With updates, this building has the potential to become a strong cash-flowing asset. The property features charming architectural details and curb appeal, adding to long-term tenant desirability. Opportunities like this allow investors to renovate strategically, raise rents, and significantly improve returns. Ideal for: Investors seeking a light rehab project. Buyers looking to house hack and build equity. Portfolio landlords wanting forced appreciation potential. Bring your vision and unlock the income potential this classic...

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Home facts

  • Year built:1920
  • Listing ID #:12562010
  • Added:51 day(s) ago
  • Updated:March 29, 2026 at 10:48 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:16
  • Basement:Yes
  • Basement Description:Full, Partially Finished, Unfinished

Heating and cooling

  • Heating:Electric, Forced Air, Natural Gas

Structure and exterior

  • Roof:Slate
  • Year built:1920
  • Lot Features:Corner Lot
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$165,000
  • Tax amount:$3,792 (2024)

Parking

  • Total parking spaces:6
  • Parking description:Attached Garage, Driveway, Garage, Off Street
  • Garage:Yes
  • Garage spaces:2
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