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About the Listing 87120 - 1014400,897534
Value-Add 3 Unit with Strong Cash Flow Potential - Kankakee Attention investors - this three-unit property at 491 S Chicago Ave, Kankakee, IL offers a prime opportunity to create equity and generate consistent rental income. One unit is currently habitable and rentable, providing immediate income potential, while two additional units need light remodeling - a perfect setup for a value-add investor looking to increase rents and overall property performance. With updates, this building has the potential to become a strong cash-flowing asset. The property features charming architectural details and curb appeal, adding to long-term tenant desirability. Opportunities like this allow investors to renovate strategically, raise rents, and significantly improve returns. Ideal for: Investors seeking a light rehab project. Buyers looking to house hack and build equity. Portfolio landlords wanting forced appreciation potential. Bring your vision and unlock the income potential this classic Kankakee multi-unit offers!
Interior Details
- Bedrooms: 6
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas,Electric,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Partially Finished,Unfinished,Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner Lot
- Garage Capacity: 2 car
- Parking Spaces: 6
- Lot Dimensions: IRR
- Zoning: MULTI
- Roof: Slate
- Others:
- Sewer: Public Sewer
- Parking Features: Yes,Garage Owned,Attached,Off Street,Driveway,Owned,Garage
Financial Details
- Tax Amount: $3,792
- Taxes w/Assessments: N/A
- Tax/Property ID: 16170511601900
- Tax Year: 2024
Payment Calculator
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Questions About..
491 S Chicago Ave Kankakee, IL 60901
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