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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 | Number of Properties | 2 |
| Price / SF | $83.34 / SF | Individually For Sale | 0 |
| Cap Rate | 8.20% | Total Building Size | 23,998 SF |
| Sale Type | Investment | Total Land Area | 0.66 AC |
| Status | Active |
| 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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924 E Willow St & 163 Rosewood Ave
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