Active
12 beds
1525 E Risser St, Kankakee, IL 60901
Est: $2,930/moGet pre-approved
Multi FamilyProperty Type
0.20 acresLot Size
1968Year Built

Description

Multifamily investment property opportunity! Eight unit money making/income producing & fully rented property. Four two bedrooms units & four one bedroom units - all units are in move in ready condition. Rents range from $950-$1,350 per month. Seller has recently updated parking lot, boiler, water heaters, & replaced roof. Coin laundry room on site. Nothing left for you to do but collect rent - schedule your showing today!Multifamily investment property opportunity! Eight unit money making/income producing & fully rented property. Four two bedrooms units & four one bedroom units - all units are in move in ready condition. Rents range from $950-$1,350 per month. Seller has recently updated parking lot, boiler, water heaters, & replaced roof. Coin laundry room on site. Nothing left for you to do but collect rent - schedule your showing today!
4 days on Market
  • Listed by: Raquel Goggin 630.207.9566 buyandsellwithraquelgoggin@gmail.com; raquel@gogginrealestate.com • Goggin Real Estate LLC
Last updated: 10/03/2026 03:07 AM • Source: MRED as distributed by MLS GRID, MLS#: 12774011

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Listing Courtesy of Goggin Real Estate LLC
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$2,930 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,509

Property Taxes

$422

HOA Dues

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Property Information for 1525 East Risser Street

Property Details
  • Taxes: $5,059 / year
  • MLS Type: Multi Family 5+ / Corridor-Exterior Entrance
  • Area: Kankakee
  • Township: Kankakee
  • Air Conditioning Type: Wall Sleeve
  • Zoning: MULTI
Building Information
  • Stories: 2
  • Residences: 8
  • Year Built: 1968
  • Lot Size: 0.20 AC / 8,601 SF
General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Wall Sleeve
  • Heat/Ventilation: Hot Water
  • # Of Refrigerators: 8
  • Num of Baths: 8.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance
  • Lot Size Source: County Records
  • Lot Dimensions: 142X61
  • Lot Size Square Feet: 8601.0
  • Stories: 2
  • Exterior Building Type: Wood, Vinyl Siding
  • Construction: Wood, Vinyl Siding
  • Roof Type: Fiberglass
  • Foundation Details: Concrete Perimeter
  • # Of Ranges: 8
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 1
  • Document Date: 2026-10-01T16:57:36
  • Photos Count: 55
  • OpenHouse Count: 0
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Curbs and Gutters,Sidewalks
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $1,000.00
  • Fuel Expense: $2,000.00
  • Gross Income: $98,100.00
  • Gross Scheduled Income: $98,100.00
  • Insurance Expense: $2,000.00
  • Maintenance Expense: $.00
  • Manager Expense: $8,000.00
  • Known Encumbrances: None Known
  • Expense Year: 2025
  • Total Annual Expense Source: Owner Projection
  • Janitor Expense: 0
  • Total Monthly Income: 8175
  • Net Operating Income: $62,500.00
  • Operating Expense: $30,500.00
  • Other Expense: $5,000.00
  • Trash Expense: $500.00
  • Water Sewer Expense: $12,000.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 4
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1525 East Risser Street

DateEvent & SourcePriceAppreciation
Apr 9, 2020

Sold (Public Record)

Public Record #1372453829

$175,000

+2.7% / yr

May 24, 2013

Sold (Public Record)

Public Record #1118138131

$145,500—
DateEvent & SourcePrice
04/09/2020

Sold (Public Record)

Public Record #1372453829

$175,000

+2.7% / yr

05/24/2013

Sold (Public Record)

Public Record #1118138131

$145,500

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1525 East Risser Street

Taxable ValueLand$3,365Additions$42,319Total$45,684
Tax Record2025$5,059 ($422 / month)
Home Facts
Lot Size8,591 SqFtStyleMulti-Family Res (5+ Units)CountyKANKAKEEAPN16-17-04-109-007

Schools near 1525 East Risser Street

This home is within Kankakee School District 111.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 3 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Edison Primary School
PublicK to 3

King Middle Grade School
Public3 to 6

Kankakee Junior High School
Public7 to 8

Kankakee High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1525 East Risser Street is a multi-family home for sale in Kankakee, IL 60901. This property was listed for sale on October 1, 2026 by Goggin Real Estate LLC, it's currently listed at $469,900. It has been on the market for a total of 4 days and was last sold on April 9, 2020. This listing's school district is Kankakee School District 111. Nearby schools include Edison Primary School, King Middle Grade School and Kankakee Junior High School. 1525 East Risser Street is a 12-bed, 8-bath multi-family home built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Goggin Real Estate LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/03/2026 03:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.