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924 E Willow St & 163 Rosewood Ave 2 Multifamily Properties Offered at $2,000,000 in Kankakee, IL

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INVESTMENT HIGHLIGHTS

  • Access & Connectivity
  • High Upside Potential
  • Strong Rental Demographics & Demand
  • Area Amenities & Demand Drivers
  • Off-Street Parking
  • Quality of Life Amenities

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment properties located at 924 E Willow Steet and 163 N Rosewood Ave in Kankakee, IL (the “Properties”). The twostory buildings contain twenty-three (23) total units comprised of fifteen (15) 2-Bedroom/1-Bathroom units and eight (8) 1-Bedroom/1-Bathroom units with 18,000 square feet of gross living area and 19,000 square feet of gross area. The Properties are situated upon 0.49-acres of land and offer ample parking with twenty-three (23) spaces available. Located within established residential neighborhoods of Kankakee, Illinois, 924 E Willow Street and 163 N Rosewood Avenue offer convenient access to major transportation routes, employment centers, and everyday amenities. Both properties are minutes from Downtown Kankakee, providing proximity to local retail, dining, schools, and medical facilities, including Riverside Medical Center and AMITA Health St. Mary’s Hospital. The locations benefit from easy connectivity to U.S. Route 45&52, IL Route 17, and Interstate 57, offering direct access to the Greater Chicago region as well as nearby communities such as Bourbonnais, Bradley, and Manteno. Nearby parks, riverfront recreation along the Kankakee River, and community services contribute to a strong quality-of-life appeal for residents, making these properties well-situated for long-term rental stability and demand.

PROPERTY FACTS

Price $2,000,000
Price / SF $83.34 / SF
Cap Rate 8.20%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 23,998 SF
Total Land Area 0.66 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
163 N Rosewood Ave, Kankakee, IL 60901 Multifamily 13,998 SF 1941 -
924 E Willow St, Kankakee, IL 60901 Multifamily 10,000 SF 1965 -
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  • Listing ID: 38263576

  • Date on Market: 10/30/2025

  • Last Updated:

  • Address: 924 E Willow St & 163 Rosewood Ave, Kankakee, IL

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