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ActiveMLS #: 126493191 / 5Get an accurate number
ActiveMLS #: 126493191 / 53 Beds
$119,900
946 S Schuyler Avenue, Kankakee IL, 60901
Est. payment: $887/mo · 20% down, 30-year fixed at 6.95%, principal, interest, and taxes per the listing
Built in
1905
Lot size
0.17 acres
Property type
Two to Four Units
Listed by Paul Kirkpatrick with Exclusive Realtors
Questions about this home: Nick Rife, Rife Realty, (815) 258-1471 or Nick@RifeRealty.com
Overview
This exceptional investment property in desirable Kankakee, Illinois, strategically positioned just off Schuyler near the local farmers market and within walking distance to the river, presents a compelling opportunity for local investors. The well-maintained three-unit building features two spacious one-bedroom apartments, one on the main floor and one on the upper level, alongside an efficient studio unit with charming loft space, all currently occupied by reliable long-term tenants providing steady, consistent income at 550 dollars monthly for the efficiency unit, 600 dollars for the upper one-bedroom, and 900 dollars for the main floor one-bedroom, with tenants responsible for gas and electric while the landlord maintains water, sewer, and garbage services. The property boasts superior curb appeal with updated Dutch lap vinyl siding and a durable architectural roof, featuring wrapped windows and soffits ensuring the new owner will not have to paint the windows or soffits during the rental relicensing process upon sale, while the practical basement exterior access ensures convenient maintenance without disrupting tenant occupancy, and the property offers street parking with additional parking spaces in the back for tenants. Schedule your showing today. 24hr notice needed.
Location
946 S Schuyler Avenue, Kankakee IL, 60901
- Township
- Kankakee
- County
- Kankakee
- Area
- Kankakee
Interior
- Bedrooms
- 3
- Total rooms
- 7
- Basement
- Unfinished, Exterior Entry, Full
- Heating
- Natural Gas, Electric, Forced Air
Exterior and lot
- Style
- Traditional
- Construction
- Vinyl Siding
- Roof
- Asphalt
- Exterior features
- Balcony
- Patio and porch
- Porch
- Lot size
- 0.17 acres (50X150)
- Parking
- Off Alley, Off Street, Owned
- Total parking
- 4
- Sewer
- Public Sewer
- Water
- Public
Listing details
- MLS number
- 12649319
- Status
- Active
- Property type
- Two to Four Units
- Year built
- 1905
- Town
- Kankakee
- ZIP
- 60901
- Updated
- Sep 21, 2026
Estimate your payment
Term, years
Your monthly payment will be
$887
Principal, interest, and estimated taxes.
Loan $95,920 Down $23,980
- Principal and interest
- $635
- Property taxes (2024, 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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of Sep 21, 2026, 6:25 PM 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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