Sold
Last Sold Price
4 beds
357-359 E Hickory St, Kankakee, IL 60901
Multi FamilyProperty Type
0.05 acresLot Size
1900Year Built

Description

Unleash Investment Potential with a 3 unit CASH FLOW property This well maintained 3-unit property is primed for immediate returns. Boasting a fully remodeled 2-bedroom unit and individual utilities for each of the three units (separate central air, furnace, and water heater), this is a hassle-free investment opportunity. Enjoy peace of mind with a new roof installed in 2017 and AC units upgraded in 2014. The location is unmatched, directly adjacent to a free city lot with ample parking and nestled...Unleash Investment Potential with a 3 unit CASH FLOW property This well maintained 3-unit property is primed for immediate returns. Boasting a fully remodeled 2-bedroom unit and individual utilities for each of the three units (separate central air, furnace, and water heater), this is a hassle-free investment opportunity. Enjoy peace of mind with a new roof installed in 2017 and AC units upgraded in 2014. The location is unmatched, directly adjacent to a free city lot with ample parking and nestled in a sought-after neighborhood near restaurants, shopping, and vibrant downtown events. Capitalize on the future with its proximity (15 minutes!) to the new Gotion electric vehicle battery facility in Manteno, projected to employ over 2,500 people! Too many upgrades to list - details available in the attached documents. This is a must-see for serious investors seeking a performing property!

    Sold By Z Realty Group

    • Listed by: Richard Harnik 708.257.1257 Richard.Harnik@teamelite.realestate;richard.harnik@teamelite.realestate • First Midwest Realty LLC
    Listing closed: 07/09/2025 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 12321500

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    Recent comparable sales

    Median sold price

    $147,000

    Avg days on market

    23

    Sale-to-list ratio

    99.2%

    Kankakee, IL

    9 comparable properties found

    a front view of a house with a yard
    1/18
    1

    $155,000

    Sold 07/01/25

    4
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    a front view of a house with garden
    1/18
    2

    $120,000

    Sold 08/22/25

    4
    Bedrooms
    Unavailable
    Square Feet
    0.08
    Acres
    $159,000 | 516 South Rosewood Avenue, Kankakee, IL 60901
    1/25
    3

    $159,000

    Sold 02/27/25

    4
    Bedrooms
    1,700
    Square Feet
    0.17
    Acres
    a front view of a house with a yard table and chairs
    1/30
    4

    $135,000

    Sold 05/27/26

    4
    Bedrooms
    2,856
    Square Feet
    0.17
    Acres
    a front view of a house with a garage
    1/9
    5

    $140,000

    Sold 06/26/25

    4
    Bedrooms
    2,000
    Square Feet
    0.09
    Acres
    $178,000 | 361-365 South Evergreen Avenue, Kankakee, IL 60901
    1/22
    6

    $178,000

    Sold 09/28/26

    4
    Bedrooms
    Unavailable
    Square Feet
    Unavailable
    Acres
    a view of a house with a yard
    1/8
    7

    $145,000

    Sold 07/07/25

    4
    Bedrooms
    Unavailable
    Square Feet
    0.17
    Acres
    a front view of a house with garden
    1/30
    8

    $147,000

    Sold 12/19/25

    4
    Bedrooms
    1,630
    Square Feet
    0.17
    Acres
    a view of a house with a yard
    1/43
    9

    $185,000

    Sold 02/03/25

    4
    Bedrooms
    3,000
    Square Feet
    0.26
    Acres

    Location

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    OriginPoint Mortgage or Rocket Mortgage1

    $1,083 per month

    30 year fixed, 7.03% Interest

    Principal and Interest

    $838

    Property Taxes

    $245

    HOA Dues

    $0

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    Property Information for 357-359 East Hickory Street

    Property Details
    • Taxes: $2,938 / year
    • MLS Type: Two to Four Units / 2 Flat
    • Area: Kankakee
    • Township: Kankakee
    • Ownership: Fee Simple
    • Num Of Parking Spaces: 0.0
    • Parking Included in Price: No
    • Heat/Fuel: Natural Gas, Forced Air
    • Architectural Style: Traditional
    • Zoning: MULTI
    Building Information
    • Residences: 3
    • Year Built: 1900
    • Lot Size: 0.05 AC / 2,310 SF
    General Information
    School Information
    • Elementary School District: 111
    • High School District: 111
    • Middle Or Junior School District: 111
    Property Information
    Interior Features
    • Num Of Rooms: 10
    • Bedrooms Total: 4
    • Bedrooms (Below Grade): 0
    • Basement Type: Unfinished, Full
    • Bedrooms Possible: 4
    • # Full Baths in Building: 3
    • # Half Baths in Building: 0
    • Num of Baths: 3.0
    Utilities / Equipment
    • Sewer: Sewer-Public
    • Water: Public
    Property/Lot Information
    • New Construction YN: No
    • Rebuilt: No
    • Rehabilitated: No
    • Built Before 1978: Yes
    • Age: 100+ Years
    • Lot Size: Less Than .25 Acre
    • Lot Dimensions: 42X55
    • Total # Units in Building: 3.0
    • Waterfront: No
    • Exterior Building Type: Vinyl Siding
    • Construction: Vinyl Siding
    • Roof Type: Asphalt
    • Foundation Details: Block
    • General Information: None
    • 3 Br Un In Bldg: No
    Property and Assessments
    • Buyer Financing: Conventional, Cash
    • Public Document Count: 2
    • Document Date: 2025-03-26T12:21:07
    • Photos Count: 29
    • OpenHouse Count: 0
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Income & Expenses
    • Gross Income: $26,700.00
    • Insurance Expense: $2,177.00
    • Insurance Expense Source: Actual
    • Trash Expense Source: Actual
    • Water Expense Source: Actual
    • Net Operating Income: $26,700.00
    • Trash Expense: $1,895.00
    • Water Sewer Expense: $1,208.00
    Unit 1
    • Unit Type Actual Rent: $1,125.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 1
    • Lease Expiration Date: 08/26
    Unit 2
    • Unit Type Actual Rent: $750.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 2
    • Lease Expiration Date: 03/26
    Unit 3
    • Unit Type Actual Rent: $600.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 3
    • Lease Expiration Date: 08/26

    Property History for 357-359 East Hickory Street

    DateEvent & SourcePriceAppreciation
    Jul 9, 2025

    Sold

    MRED #12321500

    $157,000—
    May 30, 2025

    Pending

    MRED #12321500

    —
    May 30, 2025

    Contingent

    MRED #12321500

    —
    DateEvent & SourcePrice
    07/09/2025

    Sold

    MRED #12321500

    $157,000
    05/30/2025

    Pending

    MRED #12321500

    —
    05/30/2025

    Contingent

    MRED #12321500

    —

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

    Schools near 357-359 East Hickory Street

    This home is within Kankakee School District 111.
    Rating
    School
    Type
    Grades
    Distance
    Public - PK to 3
    Public - 2 to 6
    Public - 7 to 8
    Public - 9 to 12
    Rating
    School
    Distance
    Steuben Elementary School
    PublicPK to 3

    John Kennedy Middle Grade School
    Public2 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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    Nearby home values

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    Listing Courtesy of First Midwest Realty 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 07/12/2025 03:30 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.