IL
Kankakee
Kankakee
60901
210 - 280 Tedmark Court
210 - 280 Tedmark Court, Kankakee, IL 60901
Share Listing
Listing Type
Commercial/Industrial
Listing Status
Active
11
$4,350,000

Home Details for 210 - 280 Tedmark Court

Price
$4,350,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1974
Lot size acres
2.36
County
Kankakee
Garage
Days on site
9
MLS Listing#
12013807
Property Description

FOR SALE - KANKAKEE - 58 UNIT APARTMENT COMPLEX - This seller is offering the Tedmark & Cooper Apartment Complex, a 58-unit, seven building multifamily portfolio in Kankakee, IL at a purchase price of $4,350,000 equal to $75,000 per unit. The property has been operating under IHDA regulations, with extended use requirements, that ended December 2025, creating a rare and immediate market rate conversion opportunity. With rents below market rate, above normal vacancy and turnover constrained by compliance rules, the portfolio is positioned for a new owner to execute a high impact value add strategy and unlock substantial NOI growth. Also, with the IHDA expiration, this would be an opportune time for the buyer to incorporate RUBS (Ratio Utility Billing System) for additional value add income! PROPERTY OVERVIEW 58 Total Units Across Seven Buildings 210 Tedmark Ct. - 12 units 220 Tedmark Ct. - 4 units 230 Tedmark Ct. - 4 units 240 Tedmark Ct. - 8 units 2755 Cooper Dr. - 12 units 2779 Cooper Dr. - 12 units 280 Tedmark Ct. - 6 units - GREAT INVESTMENT OPPORTUNITY - CALL TODAY!

Property Features
  • Utilities
    • Sewer Connected
Listing Courtesy: McColly Bennett Real Estate - 815-929-9381
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2026-02-16 00:50:39. 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.
Last Updated: 2026-02-16 00:50:39
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9200 S. Robert Road, Hickory Hills, IL 60457
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708 430 8200
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