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ActiveMLS #: 126242271 / 37Get an accurate number
ActiveMLS #: 126242271 / 375 Beds
$185,000
1095-1097 E Merchant Street, Kankakee IL, 60901
Est. payment: $1,182/mo · 20% down, 30-year fixed at 6.95%, principal, interest, and taxes per the listing
Built in
1890
Property type
Two to Four Units
Listed by Leda Quiaro with Keller Williams Infinity
Questions about this home: Nick Rife, Rife Realty, (815) 258-1471 or Nick@RifeRealty.com
Overview
Fantastic Investment Opportunity in Kankakee! This remodeled 2-unit building is ideal for investors or those seeking a multi-family living option. The property includes a spacious 3-bedroom, 1-bathroom unit and a well-designed 2-bedroom, 1-bathroom unit, both featuring modern finishes and thoughtful upgrades. Each unit is equipped with its own laundry facilities, providing added convenience for residents. Both apartments offer comfortable living spaces with access to front and back porches, making them highly desirable for tenants. A sidewalk leads to a detached 2-car garage, offering plenty of parking and storage options. Conveniently located near local amenities, this property has the potential to generate strong cash flow through rental income. Don't miss the chance to own a versatile property with incredible investment potential-schedule your showing today!
Location
1095-1097 E Merchant Street, Kankakee IL, 60901
- Township
- Kankakee
- County
- Kankakee
- Area
- Kankakee
Interior
- Bedrooms
- 5
- Total rooms
- 9
- Basement
- Unfinished, Full
- Heating
- Natural Gas
Exterior and lot
- Construction
- Vinyl Siding
- Roof
- Asphalt
- Lot size
- Less Than .25 acres (58X141)
- Garage spaces
- 2
- Parking
- Garage Owned, Detached, Garage
- Total parking
- 2
- Sewer
- Public Sewer
- Water
- Public
Schools
- Elementary district
- 111
Listing details
- MLS number
- 12624227
- Status
- Active
- Property type
- Two to Four Units
- Year built
- 1890
- Town
- Kankakee
- ZIP
- 60901
- Updated
- Sep 17, 2026
Estimate your payment
Term, years
Your monthly payment will be
$1,182
Principal, interest, and estimated taxes.
Loan $148,000 Down $37,000
- Principal and interest
- $980
- Property taxes (2024, per the listing)
- $202
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.
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, 4:00 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.
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