247 W Merchant St

$135,000
Price
9
Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

KANKAKEE - 9 UNIT ROOMING HOUSE - The downstairs consists of 4 single rooms and a community kitchen, 1 common bathroom, and a common Laundry Room. The upstairs has 5 single rooms and 1 common bathroom. The property does carry a rental license and management is available if needed. Great income producing property! Call today!KANKAKEE - 9 UNIT ROOMING HOUSE - The downstairs consists of 4 single rooms and a community kitchen, 1 common bathroom, and a common Laundry Room. The upstairs has 5 single rooms and 1 common bathroom. The property does carry a rental license and management is available if needed. Great income producing property! Call today!
  1. Listed by Jay Tamblyn • McColly Bennett Real Estate
    P: (815)-549-4301 bucktamblyn@mccolly.com

Property Details for 247 West Merchant Street

Area
Kankakee
Township
Kankakee
Air Conditioning Type
Window Unit(s)
Zoning
MULTI
LISTING UPDATED: 12/08/2025 12:07 AM

Property Details for 247 West Merchant Street

StatusActive
MLS #12172098
Days on Market440
Taxes$2,404 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Rooming House/Sro
Year Built1910
Lot Size0.11 AC / 4,791 SF
CountyKankakee County

Location

Listing Courtesy of McColly Bennett Real Estate
Add your commute

Building Information for 247 West Merchant Street

Stories2Residences9Year Built1910Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$867 per month

30 year fixed, 6.28% Interest

Principal and Interest

$667

Property Taxes

$200

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 247 West Merchant Street

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required,No Sign on Property
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Heat/Ventilation: Gas
  • Num of Baths: 0.0
Property/Lot Information
  • Tenant Pays: None
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Rooming House/SRO
  • Lot Dimensions: 65X75X85X62
  • Stories: 2
  • Construction: Stucco
  • Roof Type: Fiberglass
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 0
  • Photos Count: 9
Miscellaneous
  • Current Use: Multi-Family, Single Room Occupancy
  • Location: Corner
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 9
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $48,000.00
  • Gross Scheduled Income: $48,000.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Known Encumbrances: None Known
  • Janitor Expense: 0
  • Total Monthly Income: 4000
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 9
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • 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 247 West Merchant Street

DateEvent & SourcePriceAppreciation
Dec 2, 2025

Price Change

MRED #12172098

$135,000
Oct 22, 2025

Price Change

MRED #12172098

$149,900
Sep 4, 2025

Price Change

MRED #12172098

$159,900
Aug 6, 2025

Price Change

MRED #12172098

$165,000
Jun 25, 2025

Price Change

MRED #12172098

$175,000
May 28, 2025

Price Change

MRED #12172098

$200,000
May 27, 2025

Price Change

MRED #12172098

$215,000
May 27, 2025

Listed (Active)

MRED #12172098

$225,000
Apr 3, 2025

Temporarily Off Market

MRED #12172098

$215,000
Oct 2, 2024

Listed (Active)

MRED #12172098

$225,000
Dec 1, 2020

Cancelled

MRED #10916722

$50,000
Nov 24, 2020

Sold (Public Record)

Public Record #1428369823

$39,000

-3.0% / yr

Oct 25, 2020

Listed (Active)

MRED #10916722

$50,000
Jan 22, 2020

Sold

MRED #10555375

$40,000
Jan 21, 2020

Sold (Public Record)

Public Record #1356703389

$40,000

-7.5% / yr

Jan 3, 2020

Pending

MRED #10555375

Oct 23, 2019

Listed (Active)

MRED #10555375

$59,000
Oct 23, 2019

Cancelled

MRED #10483836

$64,900
Aug 13, 2019

Cancelled

MRED #10300316

$64,900
Aug 13, 2019

Listed (Active)

MRED #10483836

$65,000
Mar 7, 2019

Listed (Active)

MRED #10300316

$75,000
Mar 7, 2019

Cancelled

MRED #10168396

$79,000
Jan 9, 2019

Cancelled

MRED #10018396

$79,000
Jan 9, 2019

Listed (Active)

MRED #10168396

$79,000
Jul 14, 2018

Listed (Active)

MRED #10018396

$139,900
Dec 22, 2010

Cancelled

MRED #07463376

$139,500
Mar 8, 2010

Listed (Active)

MRED #07463376

$139,900
Mar 2, 2007

Sold (Public Record)

Public Record #1118131917

$110,000
Mar 2, 2007

Sold

MRED #06387887

$110,000
Mar 2, 2007

Sold

MRED #08197732

$110,000
Jan 25, 2007

Pending

MRED #06387887

Jan 25, 2007

Pending

MRED #08197732

Jan 22, 2007

Listed (Active)

MRED #06387887

$99,000
Jan 18, 2007

Listed (Active)

MRED #08197732

$99,000
DateEvent & SourcePrice
12/02/2025

Price Change

MRED #12172098

$135,000
10/22/2025

Price Change

MRED #12172098

$149,900
09/04/2025

Price Change

MRED #12172098

$159,900
08/06/2025

Price Change

MRED #12172098

$165,000
06/25/2025

Price Change

MRED #12172098

$175,000
05/28/2025

Price Change

MRED #12172098

$200,000
05/27/2025

Price Change

MRED #12172098

$215,000
05/27/2025

Listed (Active)

MRED #12172098

$225,000
04/03/2025

Temporarily Off Market

MRED #12172098

$215,000
10/02/2024

Listed (Active)

MRED #12172098

$225,000
12/01/2020

Cancelled

MRED #10916722

$50,000
11/24/2020

Sold (Public Record)

Public Record #1428369823

$39,000

-3.0% / yr

10/25/2020

Listed (Active)

MRED #10916722

$50,000
01/22/2020

Sold

MRED #10555375

$40,000
01/21/2020

Sold (Public Record)

Public Record #1356703389

$40,000

-7.5% / yr

01/03/2020

Pending

MRED #10555375

10/23/2019

Listed (Active)

MRED #10555375

$59,000
10/23/2019

Cancelled

MRED #10483836

$64,900
08/13/2019

Cancelled

MRED #10300316

$64,900
08/13/2019

Listed (Active)

MRED #10483836

$65,000
03/07/2019

Listed (Active)

MRED #10300316

$75,000
03/07/2019

Cancelled

MRED #10168396

$79,000
01/09/2019

Cancelled

MRED #10018396

$79,000
01/09/2019

Listed (Active)

MRED #10168396

$79,000
07/14/2018

Listed (Active)

MRED #10018396

$139,900
12/22/2010

Cancelled

MRED #07463376

$139,500
03/08/2010

Listed (Active)

MRED #07463376

$139,900
03/02/2007

Sold (Public Record)

Public Record #1118131917

$110,000
03/02/2007

Sold

MRED #06387887

$110,000
03/02/2007

Sold

MRED #08197732

$110,000
01/25/2007

Pending

MRED #06387887

01/25/2007

Pending

MRED #08197732

01/22/2007

Listed (Active)

MRED #06387887

$99,000
01/18/2007

Listed (Active)

MRED #08197732

$99,000

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

Public Records for 247 West Merchant Street

Taxable ValueLand$2,664Additions$17,673Total$20,337
Tax Record2024$2,404 ($200 / month)
Home Facts
Beds0StyleSingle Family ResidenceCountyKANKAKEEAPN16-09-32-330-010

Schools near 247 West Merchant Street

This home is within Kankakee School District 111.
Rating
School
Type
Grades
Distance
Public - 2 to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
John Kennedy Middle Grade School
Public2 to 6

Kankakee Junior High School
Public7 to 8

Kankakee High School
Public9 to 12

Avis Huff Student Support Service
PublicK 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.

Similar Homes

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247 West Merchant Street is a multi-family home for sale in Kankakee, IL 60901. This property was listed for sale on October 2, 2024 by McColly Bennett Real Estate, it's currently listed at $135,000. It has been on the market for a total of 440 days and was last sold on November 24, 2020. This listing's school district is Kankakee School District 111. Nearby schools include John Kennedy Middle Grade School, Kankakee Junior High School and Kankakee High School. 247 West Merchant Street is a 9-bed, 0-bath, multi-family home built in 1910.

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 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 12/08/2025 12:07 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.