307 N 5th Avenue
Kankakee, IL 60901

Acre Lot
Courtesy: Coldwell Banker Realty
CB Today> Illinois> Kankakee> 60901
Welcome to 307 and 309 North 5th Avenue in Kankakee, Illinois. This two-unit property presents an opportunity for savvy investors willing to roll up their sleeves and unlock its full potential. With a little rehab and sweat equity, each unit can become a lucrative source of cash flow. Boasting two bedrooms and one and a half bathrooms in each unit, the layout is tailored for rental investment purposes. One unit enjoys exclusive access to the entire basement, adding to its appeal for tenants seeking additional space. While this property isn't turnkey, its underlying value is undeniable. Priced at $40,000 per unit, it offers significant upside potential. Comparable units in the area command rents ranging from $900 to $1,100, indicating promising returns on investment. It's important to note that this is a tax deed sale, and as such, the property must remain on the market for seven days before considering any offers. With a strategic approach to repair and maintenance, this property holds the promise of long-term profitability for discerning investors.
Residential - Multi-Family, Other
Vinyl siding
Public Sewer
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

Walk Score

Transit Score

Bike Score

Courtesy: Coldwell Banker Realty
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 4/16/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to [email protected].

This content last refreshed on 4/16/2024 3:55 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.