553 S 3rd Ave

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

Description

Introducing a beautifully refreshed two-story four-unit building in the heart of Kankakee, Illinois, just a couple of blocks from the upcoming East Riverwalk park, set to be completed by year's end. All Units are 1 bed 1 bath. Each unit in this fully rented property has been thoughtfully updated before occupancy, featuring modern vinyl plank flooring, fresh paint, and refinished cabinets and countertops. Each unit is equipped with its own refrigerator and stove. The building also offers a newer rubber...Introducing a beautifully refreshed two-story four-unit building in the heart of Kankakee, Illinois, just a couple of blocks from the upcoming East Riverwalk park, set to be completed by year's end. All Units are 1 bed 1 bath. Each unit in this fully rented property has been thoughtfully updated before occupancy, featuring modern vinyl plank flooring, fresh paint, and refinished cabinets and countertops. Each unit is equipped with its own refrigerator and stove. The building also offers a newer rubber roof (just three years old), durable vinyl windows, steel staircases, and a basement area with potential for coin laundry installation. Tenants cover their own electric, gas, and water, while the landlord covers sewer and garbage. Current rents are 800, 650, 600, and 750 per unit. Updated plumbing and electrical. Schedule your private showing today!
  1. Listed by Paul Kirkpatrick • Exclusive Realtors
    P: (815)-405-2964 C: (815)-405-2964 Paulkirkpatrick30@gmail.com

Sold By Realty of America, LLC

Property Details for 553 South 3rd Avenue

Area
Kankakee
Township
Kankakee
Ownership
Fee Simple
Num Of Parking Spaces
8.0
Heat/Fuel
Electric
LISTING UPDATED: 01/01/2026 02:54 AM

Property Details for 553 South 3rd Avenue

StatusClosed
MLS #12479360
Days on Market29
Taxes$3,032 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1950
Lot Size0.11 AC / 5,000 SF
CountyKankakee County
Add your commute

Building Information for 553 South 3rd Avenue

Stories-Residences4Year Built1950Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$1,084 per month

30 year fixed, 6.15% Interest

Principal and Interest

$831

Property Taxes

$253

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 553 South 3rd 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, Owned
Property Information
Interior Features
  • Num Of Rooms: 12
  • Bedrooms Total: 4
  • Bedrooms (Below Grade): 0
  • Basement Type: Unfinished, Partial
  • Bedrooms Possible: 4
  • Basement Bathrooms: No
  • # Full Baths in Building: 1
  • # Half Baths in Building: 0
  • Num of Baths: 1.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 71-80 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 50x100
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Construction: Stucco
  • General Information: School Bus Service
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 14
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Lease Expiration Date: m/m
Unit 2
  • Unit Type Actual Rent: $650.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Lease Expiration Date: m/m
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: m/m
Unit 4
  • Unit Type Actual Rent: $750.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Lease Expiration Date: m/m

Property History for 553 South 3rd Avenue

DateEvent & SourcePriceAppreciation
Dec 9, 2025

Sold

MRED #12479360

$170,550
Dec 4, 2025

Sold (Public Record)

Public Record #1925065767

$171,000

+11.1% / yr

Oct 21, 2025

Pending

MRED #12479360

Oct 21, 2025

Contingent

MRED #12479360

Sep 23, 2025

Listed (Active)

MRED #12479360

$194,900
Jul 21, 2022

Sold (Public Record)

Public Record #1494707388

$120,000

+15.6% / yr

Feb 1, 2016

Cancelled

MRED #08706871

$59,900
Aug 20, 2014

Listed (Active)

MRED #08706871

$59,900
Dec 27, 2012

Sold (Public Record)

Public Record #1118136594

$30,000

-22.0% / yr

Dec 31, 2011

Expired

MRED #07715629

$55,000
Jan 21, 2011

Listed (Active)

MRED #07715629

$120,000
Oct 27, 2005

Sold (Public Record)

Public Record #1114543663

$178,500
Oct 27, 2005

Sold (Public Record)

Public Record #1440951909

$178,500
Oct 27, 2005

Sold

MRED #08206084

$119,000
Apr 18, 2005

Listed (Active)

MRED #08206084

$145,000
Apr 6, 2001

Sold

MRED #08193183

$88,200
Oct 2, 2000

Listed (Active)

MRED #08193183

$99,000
DateEvent & SourcePrice
12/09/2025

Sold

MRED #12479360

$170,550
12/04/2025

Sold (Public Record)

Public Record #1925065767

$171,000

+11.1% / yr

10/21/2025

Pending

MRED #12479360

10/21/2025

Contingent

MRED #12479360

09/23/2025

Listed (Active)

MRED #12479360

$194,900
07/21/2022

Sold (Public Record)

Public Record #1494707388

$120,000

+15.6% / yr

02/01/2016

Cancelled

MRED #08706871

$59,900
08/20/2014

Listed (Active)

MRED #08706871

$59,900
12/27/2012

Sold (Public Record)

Public Record #1118136594

$30,000

-22.0% / yr

12/31/2011

Expired

MRED #07715629

$55,000
01/21/2011

Listed (Active)

MRED #07715629

$120,000
10/27/2005

Sold (Public Record)

Public Record #1114543663

$178,500
10/27/2005

Sold (Public Record)

Public Record #1440951909

$178,500
10/27/2005

Sold

MRED #08206084

$119,000
04/18/2005

Listed (Active)

MRED #08206084

$145,000
04/06/2001

Sold

MRED #08193183

$88,200
10/02/2000

Listed (Active)

MRED #08193183

$99,000

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

Public Records for 553 South 3rd Avenue

Taxable ValueLand$2,138Additions$23,511Total$25,649
Tax Record2024$3,032 ($253 / month)
Home Facts
Beds0Lot Size7,500 SqFtStyleSingle Family ResidenceCountyKANKAKEEAPN16-17-06-222-018

Schools near 553 South 3rd Avenue

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

Similar Sold Homes

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 Exclusive Realtors

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 01/01/2026 02:54 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.