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ActiveMLS #: 127272561 / 5Get an accurate number
ActiveMLS #: 127272561 / 56 Beds
$133,900
355 E Bourbonnais Street, Kankakee IL, 60901
Est. payment: $1,026/mo · 20% down, 30-year fixed at 6.95%, principal, interest, and taxes per the listing
Built in
1903
Lot size
0.11 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 solid two unit investment property offers exceptional income potential, with each spacious three bedroom unit boasting over thirteen hundred square feet of living space. Durable vinyl siding and vinyl windows complement a roof less than five years old, while a large attic presents exciting potential for conversion into a third unit. Utilities are separately metered, with tenants responsible for all costs except sewer, water, and garbage, and current rents of twelve hundred dollars per unit with matching security deposits make this a turnkey opportunity for any investor. Ideally located near the local farmers market and the river, this property combines strong cash flow with genuine long term upside. Don't miss your chance to add this promising investment to your portfolio.
Location
355 E Bourbonnais Street, Kankakee IL, 60901
- Township
- Kankakee
- County
- Kankakee
- Area
- Kankakee
Interior
- Bedrooms
- 6
- Total rooms
- 12
- Basement
- Unfinished, Full
- Heating
- Natural Gas
Exterior and lot
- Construction
- Vinyl Siding
- Roof
- Asphalt
- Lot size
- 0.11 acres (50X100)
- Parking
- Off Alley
- Total parking
- 2
- Sewer
- Public Sewer
- Water
- Public
Schools
- Elementary district
- 111
- Middle
- Kankakee Junior High School
Listing details
- MLS number
- 12727256
- Status
- Active
- Property type
- Two to Four Units
- Year built
- 1903
- Town
- Kankakee
- ZIP
- 60901
- Updated
- Sep 2, 2026
Estimate your payment
Term, years
Your monthly payment will be
$1,026
Principal, interest, and estimated taxes.
Loan $107,120 Down $26,780
- Principal and interest
- $709
- Property taxes (2023, per the listing)
- $317
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, 6:59 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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