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$474,900
Est. payment /mo
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Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12479287
Maintenance Fees $2,000
Year Built 1950
Annual Tax Amount $11,652
Tax Year 2024
Lot Dimensions 180x90
Property Sub-Type Multi Family 5+
Property Description
***6 UNITS*** Nestled in a prime Kankakee, Illinois, location near Interstate 57, this offering includes two buildings with a total of six CONDO-style units, all updated and currently occupied by month-to-month renters. Each two-bedroom, one-bath unit has been refreshed with new flooring, fresh paint, modern light fixtures, updated countertops, and refinished cabinets. The exterior includes durable vinyl siding with vinyl windows, and both buildings share a convenient parking lot. In terms of utilities, tenants cover their own electric, gas, and water, while the landlord handles sewer and garbage expenses. The rental mix is diverse, with four long-term tenants paying between 800/1200, and two additional units renting at 1,100 and 1,180. Notably, the property consists of a four-unit building and a separate two-unit building, which must be sold together. Altogether, this well-maintained multi-unit package offers a fantastic investment opportunity with a strong rental history and a prime location.
Location
State IL
County Kankakee
Area Kankakee
Rooms
Basement Crawl Space
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Multi Family 5+
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Listed by Paul Kirkpatrick of Exclusive Realtors