491 South Chicago Avenue

Kankakee, IL 60901

Description

Investor special — fully occupied 2-flat in Kankakee offering strong rental income. This 6-bed, 4-bath multi-family property totals approximately 3,000 sq ft and features two identical 3-bed, 2-bath units, each with separate utilities, private entrances, and good-sized floor plans. Both units are currently leased with reliable tenants in place. The building features updated electrical panels in both units, a newer roof (2018), and good bones throughout. The deep 40x132-foot lot includes a 2-car garage (additional income potential) and a large rear parking area. Located on a busy commercial corridor with strong rental demand from Olivet Nazarene University students and local workforce. Cap rate estimated at 9%+.

Features & Amenities