IL
Kankakee
Kankakee
60901
491 S Chicago Avenue
491 S Chicago Avenue, Kankakee, IL 60901
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Listing Type
Multi Family
Listing Status
Active
9
$165,000
Home Details for 491 S Chicago Avenue
Price
$165,000
Type
Residential Income
Bedrooms
6
Bathrooms
4.0
Square feet
NaN
Year built
1920
County
Kankakee
Total rooms
16
Garage
2
Basement
Partially Finished, Unfinished, Full
Days on site
19
MLS Listing#
12562010
Property Description
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 Kankakee multi-unit offers!
Property Features
Parking
- Attached
- Off Street
- Driveway
- Garage
Heating Information
- Natural Gas
- Electric
- Forced Air
Basement
- Partially Finished
- Unfinished
- Full
Water Features
- Public
Garage
- 1
Listing Courtesy: Compass - 773-482-1917
Based on information submitted to the MLS GRID as of 2026-02-11 00:50:29. 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: 2026-02-11 00:50:29
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Neighborhood Market Statistics
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Midwest Real Estate Data.
EXIT REAL ESTATE PARTNERS
4901 Main Street, Downers Grove, IL 60515Office
630 967 0400
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