427 S Chicago Avenue, Kankakee, IL 60901

• 6 beds |
• 2 baths

Property Description

Investor Special - Opportunity in the Heart of Kankakee! Massive 2600 sq ft two-unit property offering a rare opportunity for real estate investors looking to rehab, reposition, and maximize rental income. Each unit features 3 generously sized bedrooms with spacious room layouts, providing strong potential for future long-term tenants once renovated. The full basement offers an excellent opportunity to add a shared laundry area, creating an additional income stream and increasing overall property value. Located close to downtown Kankakee, this property is within close proximity to restaurants, gas stations, the public library, Kankakee Farmers Market, City Hall, the courthouse, attorney offices, and numerous other downtown amenities-making it a highly desirable location for future renters. This property is ideal for those looking to renovate, rent, and build long-term wealth in a centrally located area. A new roof has been approved and will be replaced before the end of March. Bring your contractor and your vision-opportunities like this don't come around often. This property is being sold in AS IS condition.

Listing Status:

Active

Data Last Updated:

March 15, 2026 at 4:18AM

Listing Office:

RE/MAX Prestige Homes : 815-671-6209

Listing Agent:

Monica Pizano : 815-671-6209

MLS ID:

12548086

Interior

• Rooms: Foyer
• Basement: UnfinishedFull
• Heating: Natural Gas

Exterior

• Parking: YesParking spaces: 4

Location

• Originating MLS: mred
• School District: 111
• County: Kankakee

Lot

• Zoning: 16170511601300

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple