210-280 Tedmark Ct

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

FOR SALE - KANKAKEE - 58 UNIT APARTMENT COMPLEX - This seller is offering the Tedmark & Cooper Apartment Complex, a 58-unit, seven building multifamily portfolio in Kankakee, IL at a purchase price of $4,350,000 equal to $75,000 per unit. The property has been operating under IHDA regulations, with extended use requirements, that ended December 2025, creating a rare and immediate market rate conversion opportunity. With rents below market rate, above normal vacancy and turnover constrained by compliance...FOR SALE - KANKAKEE - 58 UNIT APARTMENT COMPLEX - This seller is offering the Tedmark & Cooper Apartment Complex, a 58-unit, seven building multifamily portfolio in Kankakee, IL at a purchase price of $4,350,000 equal to $75,000 per unit. The property has been operating under IHDA regulations, with extended use requirements, that ended December 2025, creating a rare and immediate market rate conversion opportunity. With rents below market rate, above normal vacancy and turnover constrained by compliance rules, the portfolio is positioned for a new owner to execute a high impact value add strategy and unlock substantial NOI growth. Also, with the IHDA expiration, this would be an opportune time for the buyer to incorporate RUBS (Ratio Utility Billing System) for additional value add income! PROPERTY OVERVIEW 58 Total Units Across Seven Buildings 210 Tedmark Ct. - 12 units 220 Tedmark Ct. - 4 units 230 Tedmark Ct. - 4 units 240 Tedmark Ct. - 8 units 2755 Cooper Dr. - 12 units 2779 Cooper Dr. - 12 units 280 Tedmark Ct. - 6 units - GREAT INVESTMENT OPPORTUNITY - CALL TODAY!
  1. Listed by Jay Tamblyn • McColly Bennett Real Estate
    P: (815)-549-4301 bucktamblyn@mccolly.com

Property Details for 210-280 Tedmark Court

Area
Kankakee
Township
Aroma
Air Conditioning Type
Wall Sleeve
Zoning
MULTI
LISTING UPDATED: 02/10/2026 10:12 AM

Property Details for 210-280 Tedmark Court

StatusNew
MLS #12013807
Days on Market1
Taxes$17,260 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1974
Lot Size2.36 AC / 102,802 SF
CountyKankakee County

Location

Listing Courtesy of McColly Bennett Real Estate
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Building Information for 210-280 Tedmark Court

Stories3Residences58Year Built1974Building Size-Lot Size2.36 AC / 102,802 SF

Payment Calculator

$22,639 per month

30 year fixed, 6.15% Interest

Principal and Interest

$21,201

Property Taxes

$1,438

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 210-280 Tedmark Court

General Information
Addtl Parking Information
  • Outdoor Parking: 51-100 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Wall Sleeve
  • Electric: Circuit Breakers
  • Heat/Ventilation: Electric,Gas
  • Num of Baths: 58.4
Exterior Features
  • Misc Outside: Balcony/ies
Utilities / Equipment
  • Water: Community Water
  • Utilities: Sewer Connected
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat, Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Corridor-Exterior Entrance
  • Lot Size Source: Listing Agent
  • Lot Dimensions: 115 200 X 450
  • Lot Size Square Feet: 102802.0
  • Stories: 3
  • Construction: Wood, Vinyl Siding, Brick
  • Roof Type: Fiberglass
  • Roof Structure: Mansard
  • Foundation Details: Concrete Perimeter
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 0
  • Photos Count: 11
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: 58
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $480,000.00
  • Gross Scheduled Income: $46,800.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Known Encumbrances: None Known
  • Janitor Expense: 0
  • Total Monthly Income: 40000
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 10
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 43
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 4
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
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 210-280 Tedmark Court

DateEvent & SourcePriceAppreciation
Feb 10, 2026

Listed (Active)

MRED #12013807

$4,350,000
DateEvent & SourcePrice
02/10/2026

Listed (Active)

MRED #12013807

$4,350,000

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

Schools near 210-280 Tedmark Court

This home is within Kankakee School District 111.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 3 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Mark Twain Primary School
PublicPK 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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210-280 Tedmark Court is a multi-family home for sale in Kankakee, IL 60901. This property was listed for sale on February 10, 2026 by McColly Bennett Real Estate, it's currently listed at $4,350,000. This listing's school district is Kankakee School District 111. Nearby schools include Mark Twain Primary School, King Middle Grade School and Kankakee Junior High School. 210-280 Tedmark Court is a 108-bed, 62-bath, multi-family home built in 1974.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of McColly Bennett Real Estate

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 02/10/2026 10:12 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.