KANKAKEE - 4 UNIT APARTMENT BUILDING - Excellent income producing property. 3 - 1 bedroom/1 bathroom units and 1 efficiency in good condition at great rental rates. Current rental license up to date. 2 neighboring properties also available for a total of 10 units all adjacent, see MLS #12183285, #12183248 and 12195146 for property details. Near Downtown Kankakee, Farmers Market and Financial District of Kankakee. Great opportunity! Call Today!
Closed
$187,000
338 W Merchant St, Kankakee, IL 60901
4beds
--sqft
Multi Family
Built in 1885
-- sqft lot
$147,400 Zestimate®
$--/sqft
$1,431 Estimated rent
Home value
$147,400
$118,000 - $177,000
$1,431/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 14, 2025 at 08:14am
Listing courtesy of:
Jay Tamblyn 815-929-9381,
McColly Bennett Real Estate
Bought with:
Rory Hertzberg
Village Realty, Inc
Source: MRED as distributed by MLS GRID,MLS#: 12294047
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 Street, On Site, Other
Lot
- Size: 2,350 sqft
- Dimensions: 47X50
Details
- Parcel number: 16093233501900
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1885
- 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 |
|---|---|---|
| 4/8/2025 | Sold | $187,000+4.5% |
Source:  MRED as distributed by MLS GRID #12294047 | ||
| 2/25/2025 | Contingent | $179,000 |
Source: MRED as distributed by MLS GRID #12294047 | ||
| 2/19/2025 | Listed for sale | $179,000 |
Source: MRED as distributed by MLS GRID #12294047 | ||
| 2/8/2025 | Listing removed | $179,000 |
Source: MRED as distributed by MLS GRID #12183734 | ||
| 1/9/2025 | Price change | $179,000-5.3% |
Source: MRED as distributed by MLS GRID #12183734 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,611 +3.8% | $30,540 +12.3% |
| 2023 | $3,479 +7.5% | $27,207 +14.2% |
| 2022 | $3,236 +6% | $23,814 +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: 2 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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