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15 single family home package 1355 S 7th Ave 15 Unit Apartment Building $1,275,000 ($85,000/Unit) Kankakee, IL 60901
EXECUTIVE SUMMARY
15 single-family homes in Kankakee, Illinois, offering a strong investment opportunity with stable cash flow. Thirteen of these well-maintained properties are currently occupied, generating consistent rental income. Ideal for investors seeking an almost turnkey rental portfolio in a growing market.
Portfolio Highlights:
• Total Properties: 15 single-family homes
• Occupancy: 13 out of 15 homes occupied (86.7% occupancy rate)
• Bed/Bath Range: 2–4 bedrooms, 1–2 bathrooms per home
• Gross Annual Rent: $157,500
• 2023 Taxes: $37,413.18
Property Addresses:
1. 145 S. Fraser Ave., Kankakee, IL 60901
2. 1355 S. 7th Ave., Kankakee, IL 60901
3. 260 N. Hunter Ave., Kankakee, IL 60901
4. 578 N. Industrial Ave., Kankakee, IL 60901
5. 246 N. Fairmont Ave., Kankakee, IL 60901
6. 408 S. Greenwood Ave., Kankakee, IL 60901
7. 833 Country Club Dr., Kankakee, IL 60901
8. 1295 E. Merchant St., Kankakee, IL 60901
9. 254 S. Nelson Ave., Kankakee, IL 60901
10. 387 S. Evergreen Ave., Kankakee, IL 60901
11. 2571 E. Melbrook Dr., Kankakee, IL 60901
12. 493 N. Washington Ave., Kankakee, IL 60901
13. 860 E. Bourbonnais St., Kankakee, IL 60901
14. 1816 E. Laurel Ave., Kankakee, IL 60901
15. 841 N. Evergreen Ave., Kankakee, IL 60901
Key Features:
• Stable Tenancy: 13 properties are leased with monthly rents ranging from $700–$1,400.
• Diverse Portfolio: Homes vary in size (747–1,600 sq. ft.) and layout, appealing to a wide range of tenants.
• Location: Situated in Kankakee, a growing community with access to local amenities, schools, and transportation, making it attractive for tenants.
Portfolio Highlights:
• Total Properties: 15 single-family homes
• Occupancy: 13 out of 15 homes occupied (86.7% occupancy rate)
• Bed/Bath Range: 2–4 bedrooms, 1–2 bathrooms per home
• Gross Annual Rent: $157,500
• 2023 Taxes: $37,413.18
Property Addresses:
1. 145 S. Fraser Ave., Kankakee, IL 60901
2. 1355 S. 7th Ave., Kankakee, IL 60901
3. 260 N. Hunter Ave., Kankakee, IL 60901
4. 578 N. Industrial Ave., Kankakee, IL 60901
5. 246 N. Fairmont Ave., Kankakee, IL 60901
6. 408 S. Greenwood Ave., Kankakee, IL 60901
7. 833 Country Club Dr., Kankakee, IL 60901
8. 1295 E. Merchant St., Kankakee, IL 60901
9. 254 S. Nelson Ave., Kankakee, IL 60901
10. 387 S. Evergreen Ave., Kankakee, IL 60901
11. 2571 E. Melbrook Dr., Kankakee, IL 60901
12. 493 N. Washington Ave., Kankakee, IL 60901
13. 860 E. Bourbonnais St., Kankakee, IL 60901
14. 1816 E. Laurel Ave., Kankakee, IL 60901
15. 841 N. Evergreen Ave., Kankakee, IL 60901
Key Features:
• Stable Tenancy: 13 properties are leased with monthly rents ranging from $700–$1,400.
• Diverse Portfolio: Homes vary in size (747–1,600 sq. ft.) and layout, appealing to a wide range of tenants.
• Location: Situated in Kankakee, a growing community with access to local amenities, schools, and transportation, making it attractive for tenants.
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PROPERTY FACTS
| Price | $1,275,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $85,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| No. Units | 15 | Building Size | 1,568 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1950 |
| Price | $1,275,000 |
| Price Per Unit | $85,000 |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 1,568 SF |
| No. Stories | 2 |
| Year Built | 1950 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
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15 single family home package | 1355 S 7th Ave
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