KANKAKEE - 4 UNIT APARTMENT BUILDING - Excellent income producing property. 4 - 1 bedroom/1 bathroom units in good condition at good rental rates. Current rental license up to date. 2 neighboring properties also available for a total of 10 units all adjacent, see MLS #12195146,#12183248, and #12183734 for other property details. Near Downtown Kankakee, Farmers Market and Financial District of Kankakee. Great opportunity! Call Today!
Closed
$140,000
310 W Merchant St, Kankakee, IL 60901
4beds
--sqft
Multi Family
Built in 1880
-- sqft lot
$140,700 Zestimate®
$--/sqft
$1,440 Estimated rent
Home value
$140,700
$113,000 - $176,000
$1,440/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 19, 2025 at 09:33am
Listing courtesy of:
Jay Tamblyn 815-929-9381,
McColly Bennett Real Estate
Bought with:
Jay Tamblyn
McColly Bennett Real Estate
Source: MRED as distributed by MLS GRID,MLS#: 12294041
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 4
- Parking features: Off Site, Other
Lot
- Size: 3,137 sqft
- Dimensions: 50X62.75
- Features: Corner Lot
Details
- Parcel number: 16093233502100
- Zoning: SINGL
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1880
- Major remodel year: 2023
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Kankakee
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2025 | Sold | $140,000-9.7% |
Source:  MRED as distributed by MLS GRID #12294041 | ||
| 6/24/2025 | Contingent | $155,000 |
Source: MRED as distributed by MLS GRID #12294041 | ||
| 5/28/2025 | Price change | $155,000-8.3% |
Source: MRED as distributed by MLS GRID #12294041 | ||
| 3/17/2025 | Price change | $169,000-5.6% |
Source: MRED as distributed by MLS GRID #12294041 | ||
| 3/14/2025 | Listed for sale | $179,000 |
Source: MRED as distributed by MLS GRID #12294041 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,663 +3.8% | $30,984 +12.2% |
| 2023 | $3,530 +7.5% | $27,603 +14.3% |
| 2022 | $3,283 +6% | $24,160 +10.5% |
Find assessor info on the county website
Neighborhood: 60901
Nearby schools
GreatSchools rating
- 1/10John Kennedy Middle Grade SchoolGrades: 2-6Distance: 0.9 mi
- 2/10Kankakee Junior High SchoolGrades: 7-8Distance: 1.9 mi
- 2/10Kankakee High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- District: 111
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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