427 S Chicago Ave

2,630 Sq. Ft.
$17 / Sq. Ft.
2,630
Sq. Ft.
$17
per Sq. Ft.

Description

Investor Special - Opportunity in the Heart of Kankakee! Massive 2600 sq ft two-unit property offering a rare opportunity for real estate investors looking to rehab, reposition, and maximize rental income. Each unit features 3 generously sized bedrooms with spacious room layouts, providing strong potential for future long-term tenants once renovated. The full basement offers an excellent opportunity to add a shared laundry area, creating an additional income stream and increasing overall property...Investor Special - Opportunity in the Heart of Kankakee! Massive 2600 sq ft two-unit property offering a rare opportunity for real estate investors looking to rehab, reposition, and maximize rental income. Each unit features 3 generously sized bedrooms with spacious room layouts, providing strong potential for future long-term tenants once renovated. The full basement offers an excellent opportunity to add a shared laundry area, creating an additional income stream and increasing overall property value. Located close to downtown Kankakee, this property is within close proximity to restaurants, gas stations, the public library, Kankakee Farmers Market, City Hall, the courthouse, attorney offices, and numerous other downtown amenities-making it a highly desirable location for future renters. This property is ideal for those looking to renovate, rent, and build long-term wealth in a centrally located area. Bring your contractor and your vision-opportunities like this don't come around often. This property is being sold in AS IS condition.
  1. Listed by Monica Pizano • RE/MAX Prestige Homes
    P: (815)-671-6209 C: (815)-671-6209 monicapizanocasas@gmail.com

Property Details for 427 South Chicago Avenue

Area
Kankakee
Township
Kankakee
Ownership
Fee Simple
Num Of Parking Spaces
4.0
Heat/Fuel
Natural Gas

Open Houses

Saturday, Jan 31st

12:00 PM - 2:00 PM

Public

Sunday, Feb 1st

12:00 PM - 2:00 PM

Public

LISTING UPDATED: 01/24/2026 04:14 PM

Property Details for 427 South Chicago Avenue

StatusNew
MLS #12548086
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Story Unit/S
Year Built1906
Lot Size0.17 AC / 7,250 SF
CountyKankakee County

Location

Listing Courtesy of RE/MAX Prestige Homes
Add your commute

Building Information for 427 South Chicago Avenue

Stories-Residences2Year Built1906Building Size-Lot Size0.17 AC / 7,250 SF

Payment Calculator

$219 per month

30 year fixed, 6.15% Interest

Principal and Interest

$219

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 427 South Chicago Avenue

General Information
School Information
  • Elementary School District: 111
  • High School District: 111
  • Middle Or Junior School District: 111
Addtl Parking Information
  • Parking Details: Yes
Property Information
Interior Features
  • Num Of Rooms: 14
  • Bedrooms Total: 6
  • Bedrooms (Below Grade): 0
  • Basement Type: Unfinished, Full
  • Bedrooms Possible: 6
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Room Type: Foyer
  • Num of Baths: 2.0
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: .25-.49 Acre
  • Lot Dimensions: 50x145
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Construction: Aluminum Siding
  • General Information: None
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 4
  • Document Date: 2026-01-24T20:59:32
  • Photos Count: 60
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 0
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 0

Property History for 427 South Chicago Avenue

DateEvent & SourcePriceAppreciation
Jan 24, 2026

Listed (Active)

MRED #12548086

$45,000
Aug 22, 2008

Sold

MRED #06953338

$35,000
Jul 21, 2008

Pending

MRED #06953338

Jul 7, 2008

Listed (Active)

MRED #06953338

$36,900
Nov 29, 2006

Sold (Public Record)

Public Record #1087146757

$110,000
DateEvent & SourcePrice
01/24/2026

Listed (Active)

MRED #12548086

$45,000
08/22/2008

Sold

MRED #06953338

$35,000
07/21/2008

Pending

MRED #06953338

07/07/2008

Listed (Active)

MRED #06953338

$36,900
11/29/2006

Sold (Public Record)

Public Record #1087146757

$110,000

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

Public Records for 427 South Chicago Avenue

Taxable ValueLand-Additions-Total-
Home Facts
Lot Size7,250 SqFtStyleGovernmental / Public UseCountyKANKAKEEAPN16-17-05-116-013

Schools near 427 South Chicago Avenue

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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427 South Chicago Avenue is a multi-family home for sale in Kankakee, IL 60901. This property was listed for sale on January 24, 2026 by RE/MAX Prestige Homes, it's currently listed at $45,000. It has been on the market for a total of 2 days and was last sold on August 22, 2008. This listing's school district is Kankakee School District 111. Nearby schools include Steuben Elementary School, John Kennedy Middle Grade School and Kankakee Junior High School. 427 South Chicago Avenue is a 6-bed, 2-bath, 2,630 sqft multi-family home built in 1906.

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 RE/MAX Prestige Homes

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 01/24/2026 04:14 PM. 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.