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$ 155,000
Est. payment /mo
Active Under Contract
265 S Washington AVE Kankakee, IL 60901
6 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12604531
Bedrooms 6
Year Built 1910
Annual Tax Amount $2,775
Tax Year 2024
Lot Dimensions 40X111X45X110
Property Sub-Type Two to Four Units
Property Description
Opportunities like this don't come around often. This solid two-unit property in the heart of Kankakee is the definition of a true income-producing asset-already generating nearly $3,000 per month in rental income. Whether you're looking to expand your portfolio or secure a strong cash-flowing investment from day one, this property checks all the boxes. Both units are well-positioned to provide consistent returns, making it an ideal addition for both seasoned investors and those just getting started. The current ownership has maintained the property and is offering it strictly due to relocation, creating a rare chance to step into a performing asset without the typical startup headaches. This is the kind of deal investors wait for-stable, proven, and ready to go. Located in a convenient area with strong rental demand, this property offers the perfect blend of cash flow and long-term upside. Call today to schedule your private showing-48-hour notice required. Serious inquiries only. Buyers must be pre-approved or provide proof of funds prior to showing.
Location
State IL
County Kankakee
Area Kankakee
Zoning MULTI
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Vinyl Siding, No
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction false
Schools
School District 111 , 111, 111
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Rory Hertzberg of Village Realty, Inc
Nearby School & Business