Loading homes
Back to search
Active Under ContractMLS #: 126109811 / 12Get an accurate number
Active Under ContractMLS #: 126109811 / 126 Beds
$160,000
273 S 3rd Avenue, Kankakee IL, 60901
Est. payment: $1,099/mo · 20% down, 30-year fixed at 6.95%, principal, interest, and taxes per the listing
Built in
1895
Lot size
0.08 acres
Property type
Two to Four Units
Listed by Isaiah Green with Green Real Estate
Questions about this home: Nick Rife, Rife Realty, (815) 258-1471 or Nick@RifeRealty.com
Overview
Prime Investment Opportunity: Fully-Leased Income Property in Kankakee, IL. This property offers cash flow with full occupancy, generating a total monthly rent of 2,740 across all units. Each unit is fully leased as follows:273 S 3rd Ave, Unit 1: Rented at 950/month 275 S 3rd Ave, Unit 1: Rented at 850/month 275 S 3rd Ave, Unit 2: Rented at 790/month This turn-key investment is ideal for portfolio growth, with stable, long-term tenants under active leases, ensuring immediate and ongoing revenue. Don't miss out on this fully-leased property delivering 2,590 in monthly rent right from the start! The interior photos are of Units 2 and 3, taken prior to the tenants moving in.
Location
273 S 3rd Avenue, Kankakee IL, 60901
- Township
- Kankakee
- County
- Kankakee
- Area
- Kankakee
Interior
- Bedrooms
- 6
- Total rooms
- 20
- Basement
- Unfinished, Full
- Heating
- Natural Gas
Exterior and lot
- Construction
- Vinyl Siding
- Lot size
- 0.08 acres (25 X 150)
- Total parking
- 0
- Sewer
- Public Sewer
- Water
- Public
Schools
- Elementary district
- 111
- Middle district
- 111
- High school district
- 111
Taxes and ownership
Listing details
- MLS number
- 12610981
- Status
- Active Under Contract
- Property type
- Two to Four Units
- Year built
- 1895
- Town
- Kankakee
- ZIP
- 60901
- Updated
- May 5, 2026
Estimate your payment
Term, years
Your monthly payment will be
$1,099
Principal, interest, and estimated taxes.
Loan $128,000 Down $32,000
- Principal and interest
- $847
- Property taxes (2023, per the listing)
- $252
Ballpark estimated payments for planning. Not a quote or a preapproval.
What this estimate includes
Principal, interest, and property taxes: the listing's reported bill when MRED has one, otherwise an estimate from typical corridor rates. Insurance and any PMI are not included, and this is not an offer of credit. Your real number depends on your credit, the lender, and the property.
Talk to Nick and he will connect you with one of his preferred lenders for a real figure.
Similar properties
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of Sep 22, 2026, 1:55 AM CT. 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.
Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by Midwest Real Estate Data LLC (MRED), if any and as amended from time to time.
Some listings have been excluded from this website. This site shows homes in Will, Kankakee, DuPage, Grundy, Kendall, Kane, LaSalle, Iroquois, Livingston, and Ford counties and the southern half of Cook County.
Any use or search of the data on this website, other than by a consumer looking to purchase real estate, is prohibited. Copyright concerns: see our DMCA notice. Listing information © 2026 Midwest Real Estate Data LLC (MRED).
