1355 S 7th Ave - Multi-Family FOR SALE


Kankakee, IL 60901
$1,275,000 USD
815-954-1346
1355 S 7th Ave, Kankakee, IL for Sale
$1,275,000 USD
Multi-Family - FOR SALE
1/15
null | Request Cap Rate

1355 S 7th Ave
Kankakee, IL 60901


OVERVIEW

15 single-family homes in Kankakee, Illinois, offering a strong investment opportunity with stable cash flow. Thirteen of these well-maintained properties are currently occupied, generating consistent rental income. Ideal for investors seeking an almost turnkey rental portfolio in a growing market. Portfolio Highlights: • Total Properties: 15 single-family homes • Occupancy: 13 out of 15 homes occupied (86.7% occupancy rate) • Bed/Bath Range: 2–4 bedrooms, 1–2 bathrooms per home • Gross Annual Rent: $171,900 • 2023 Taxes: $37,413.18 Property Addresses: 1. 145 S. Fraser Ave., Kankakee, IL 60901 2. 1355 S. 7th Ave., Kankakee, IL 60901 3. 260 N. Hunter Ave., Kankakee, IL 60901 4. 578 N. Industrial Ave., Kankakee, IL 60901 5. 246 N. Fairmont Ave., Kankakee, IL 60901 6. 408 S. Greenwood Ave., Kankakee, IL 60901 7. 833 Country Club Dr., Kankakee, IL 60901 8. 1295 E. Merchant St., Kankakee, IL 60901 9. 254 S. Nelson Ave., Kankakee, IL 60901 10. 387 S. Evergreen Ave., Kankakee, IL 60901 11. 2571 E. Melbrook Dr., Kankakee, IL 60901 12. 493 N. Washington Ave., Kankakee, IL 60901 13. 860 E. Bourbonnais St., Kankakee, IL 60901 14. 1816 E. Laurel Ave., Kankakee, IL 60901 15. 841 N. Evergreen Ave., Kankakee, IL 60901 Key Features: • Stable Tenancy: 13 properties are leased with monthly rents ranging from $700–$1,400. • Diverse Portfolio: Homes vary in size (747–1,600 sq. ft.) and layout, appealing to a wide range of tenants. • Location: Situated in Kankakee, a growing community with access to local amenities, schools, and transportation, making it attractive for tenants.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$813 USD /SF

# OF UNITS

15

PRICE/UNIT

$85,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15 single family home package

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,231 SF

ZONING

-

APN/PARCEL ID

16-17-07-200-013

ASK ABOUT THIS PROPERTY

Dustin KooyVillage RealtyMore Info
815-954-1346

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Dustin KooyVillage RealtyMore Info
815-954-1346

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.