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Renaissance Center Apartments 10 Multifamily Properties Offered at $5,200,000 in Kankakee, IL
Executive Summary
The Renaissance Center Apartments is a well-positioned multifamily community in Kankakee, Illinois consisting of a total ten residential buildings across two convenient locations. The property includes eight 4-unit buildings and two 10-unit buildings offering a total of 52 units. A key feature of Renaissance Center Apartments is its long-term Housing and Urban Development (HUD) contract, which secures attractive rental rates through August 3, 2029. This contract provides reliable income stability and strong appeal for both residents and investors
Property Facts
| Price | $5,200,000 | Number of Properties | 10 |
| Price / SF | $95.27 / SF | Individually For Sale | 0 |
| Cap Rate | 8.15% | Total Building Size | 54,584 SF |
| Sale Type | Investment | Total Land Area | 2.35 AC |
| Status | Active |
| Price | $5,200,000 |
| Price / SF | $95.27 / SF |
| Cap Rate | 8.15% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 10 |
| Individually For Sale | 0 |
| Total Building Size | 54,584 SF |
| Total Land Area | 2.35 AC |
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Renaissance Center Apartments