Prime Investment Opportunity: Fully-Leased Income Property in Kankakee, IL. This property offers cash flow with full occupancy, generating a total monthly rent of 2,740 across all units. Each unit is fully leased as follows:273 S 3rd Ave, Unit 1: Rented at 1,050/month 275 S 3rd Ave, Unit 1: Rented at 900/month 275 S 3rd Ave, Unit 2: Rented at 790/month This turn-key investment is ideal for portfolio growth, with stable, long-term tenants under active leases, ensuring immediate and ongoing revenue. Don't miss out on this fully-leased property delivering 2,740 in monthly rent right from the start! The interior photos are of Units 2 and 3, taken prior to the tenants moving in.
Active
$160,000
273 S 3rd Ave, Kankakee, IL 60901
6beds
--sqft
Est.:
Multi Family
Built in 1895
-- sqft lot
$157,500 Zestimate®
$--/sqft
$-- HOA
What's special
- 167 days
- on Zillow |
- 368 |
- 18 |
Zillow last checked: 7 hours ago
Listing updated: March 14, 2025 at 12:41pm
Listing courtesy of:
Isaiah Green 815-953-2751,
Green Real Estate
Source: MRED as distributed by MLS GRID,MLS#: 12207145

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas
Features
- Basement: Unfinished,Full
Property
Lot
- Size: 3,484.8 Square Feet
- Dimensions: 25 X 150
Details
- Parcel number: 16093233502600
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1895
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Kankakee
Financial & listing details
- Tax assessed value: $70,938
- Annual tax amount: $3,023
- Date on market: 11/9/2024
- Ownership: Fee Simple
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