$59,999 $322 est/mo Sourced by Back At You

307 N 5th Avenue,Kankakee, IL 60901

Kankakee IL, 60901

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Description

Welcome to 307 and 309 North 5th Avenue in Kankakee, Illinois. This two-unit property presents an opportunity for savvy investors willing to roll up their sleeves and unlock its full potential. With a little rehab and sweat equity, each unit can become a lucrative source of cash flow. Boasting two bedrooms and one and a half bathrooms in each unit, the layout is tailored for rental investment purposes. One unit enjoys exclusive access to the entire basement, adding to its appeal for tenants seeking additional space. While this property isn't turnkey, its underlying value is undeniable. Priced at $40,000 per unit, it offers significant upside potential. Comparable units in the area command rents ranging from $900 to $1,100, indicating promising returns on investment. It's important to note that this is a tax deed sale, and as such, the property must remain on the market for seven days before considering any offers. With a strategic approach to repair and maintenance, this property holds the promise of long-term profitability for discerning investors.

Details

MLS#12011465
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusPending
Year1900
Days On Site52
Listing Provided ByColdwell Banker Realty | Rory Hertzberg

Features

Bed(s)4
Bath(s)4
BasementY
ZoningMULTI

Market Activity 60901

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Learn More About This Property

StateIL
CountyKankakee
CityKankakee
Zip Code60901
AreaKankakee
School District111
Elementary School111
Middle School111
High School111
Listing VS Median (in 60901)
Price:
$59,999
low | high
Med:
$147,000
95.00408340139% of Average
On Site:
52
low | high
Med:
10.000000
100% of Average
Sourced by Back At You
Listing Updated: May 18, 2024 at 1:54:29 PM PDT