GET MORE INFORMATION
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.
$ 1,150,000
$ 1,260,000 8.7%
Est. payment | /mo
$ 1,150,000
$ 1,260,000 8.7%
Est. payment | /mo
Key Details
Sold Price $1,150,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12446043
Sold Date 10/24/25
Maintenance Fees $10,000
Year Built 1966
Annual Tax Amount $19,055
Tax Year 2024
Lot Dimensions 150 X 145
Property Sub-Type Multi Family 5+
Property Description
19 Units - 3 buildings, Located less than 2 blocks from Phase 1 of the Kankakee Riverfront Revitalization project, close to shopping, expressway, downtown area, 2 1/2 blocks to Kankakee Farmers Market, plus plenty of restaurants, this Investment Opportunity consists of 3 buildings totaling 19 units. 2024 Real Estate taxes $ 19,055.84 for all 3 buildings. All tenants have access to laundry room facilities located in building 450 (washers/dryers are leased). In addition there is a 5 car garage for additional income/owner use. Tenants responsible their own electric. Owner pays electric for common areas of Building 450, Water & refuse & Gas for all 3 buildings. 450 Dearborn is a brick 12 unit building consisting of 10-2 bedroom units, 2 - 1 bedroom units, roof replaced approx 2017-2018. Building 440 (16-17-05-114-004), windows 2024-2025, Vinyl siding 8/25 and consists of 3 units. Building 466 (16-17-05-114-022) is a brick/stone & siding 4 unit consisting of all 1 bedroom units. Roof & Siding replaced in 2018. Tenants in building 466 have central air. See feature sheet / rent roll for full details. Building Ages of 440 & 466 is unknown. Units in building 440 & 450 have wall or window a/c units (many newer units). 12 unit is serviced by hot water heat (included in rent), 440 & 466 have forced air heat.
Location
State IL
County Kankakee
Area Kankakee
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling Central Air, Wall Sleeve, Window Unit(s)
Fireplace N
Building
Water Municipal Water
Structure Type Brick,Wood,Vinyl Siding
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Harriet Kubicz of HomeSmart Realty Group
Bought with Cristina Antons of New Neighbors Real Estate
Bought with Cristina Antons of New Neighbors Real Estate
GET MORE INFORMATION
Mike Machlet
Partner