$160,000

273 S 3rd Avenue, Kankakee, IL 60901

6 beds |
3 baths

Multi-Family Home
Built in 1895
3,485sqft lot
—— car garage
$——/sqft
Listed 23 days ago

Property Description

Prime Investment Opportunity: Fully-Leased Income Property in Kankakee, IL. This property offers cash flow with full occupancy, generating a total monthly rent of 2,740 across all units. Each unit is fully leased as follows:273 S 3rd Ave, Unit 1: Rented at 950/month 275 S 3rd Ave, Unit 1: Rented at 850/month 275 S 3rd Ave, Unit 2: Rented at 790/month This turn-key investment is ideal for portfolio growth, with stable, long-term tenants under active leases, ensuring immediate and ongoing revenue. Don't miss out on this fully-leased property delivering 2,590 in monthly rent right from the start! The interior photos are of Units 2 and 3, taken prior to the tenants moving in.

Listing Status:: Active
Data Last Updated:: April 30, 2026 at 3:18AM
Listing Office:: Green Real Estate : 815-953-2751
Listing Agent:: Isaiah Green : 815-953-2751
MLS ID:: 12610981

Basement: UnfinishedFull
Heating: Natural Gas

Parking: Parking spaces: 0

Originating MLS: mred
School District: 111
County: Kankakee

Zoning: MULTI16093233502600

Water: Public
Sewer: Public Sewer

Source: mred
Ownership: Fee Simple

This listing courtesy of Isaiah Green , Green Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.