341 S 5th Avenue
Kankakee, IL 60901
3
Bed
2
Bath
0.17Acre(Lot)
Excellent investment opportunity! This well-maintained two-unit property offers a great combination of stable rental income, recent improvements, and long-term investment potential. Whether you are an experienced investor looking to expand your portfolio or a first-time investor searching for a property with immediate cash flow, this is an opportunity worth considering. Both units are currently rented, allowing the new owner to begin collecting rental income from day one. The second-floor unit has been occupied by a long-term tenant for over 15 years, providing an impressive history of stability and consistent occupancy. The first-floor unit has been recently updated and is now occupied by a new tenant, offering a fresh rental start while benefiting from the property's recent improvemen
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedroom: 3Bathroom Information
Total Baths: 2Room Information
Rooms Total: 3Interior Features
Roof: AsphaltRoofing Information
Asphalt -
Flooring Information
Construction Materials: Vinyl Siding -
Heating & Cooling
Heating: Natural Gas WaterSource: Lake Michigan
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Building Information
Year Built: 1910 -
Exterior Features
Balcony Construction Materials: Vinyl Siding Foundation Details: Concrete Perimeter, Stone
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Lot Information
Lot Dimensions: 50X150 Lot Acres: 0.17 Lot Size: Less Than .25 AcreProperty Information
Property Type: Residential Income Style: Traditional Sub Type: Two to Four Units
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Listing Price Information
Original List Price:$165000
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Tax Information
Annual Tax: $3226 Tax Year: 2025 Parcel Number: 161706214017 Tax Exemption: None
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Parking Information
Total Parking: 4 Yes, Owned
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Utility Information
Sewer: Public Sewer Water Source: Lake Michigan -
Location Information
City: Kankakee Direction: Court Street East to Washington St, South on Washington to Station St, Turn Right on Station then Left on 5th, House on West side of street
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 5 Marquette Lane, Kankakee, IL, 60901 | $450,000 | 4 | 3 | 2,971 | 2,971 SqFt |
| 526 S Gordon Avenue, Kankakee, IL, 60901 | $125,000 | 2 | 1 | 919 | 919 SqFt |
| 641 N Indiana Avenue, Kankakee, IL, 60901 | $139,000 | 3 | 2 | -- | |
| 360 S Washington Avenue, Kankakee, IL, 60901 | $180,000 | 4 | 3 | -- | |
| 592 N Dearborn Avenue, Kankakee, IL, 60901 | $148,000 | 4 | 2 | -- | |
| 358 S Washington Avenue, Kankakee, IL, 60901 | $60,000 | 2 | 1 | 550 | 550 SqFt |
| 294 N Greenwood Avenue, Kankakee, IL, 60901 | $168,000 | 6 | 4 | -- | |
| 259 N Evergreen Avenue, Kankakee, IL, 60901 | $140,000 | 2 | 2 | -- | |
| 5472 E 2000n Road, Kankakee, IL, 60901 | $280,000 | 2 | 2 | 1,772 | 1,772 SqFt |
| 360 S Elm Avenue, Kankakee, IL, 60901 | $59,000 | 2 | 1 | 1,072 | 1,072 SqFt |
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Based on information submitted to the MLS GRID as of 08/24/2026 @ 18:20. All data is obtained from various sources and may not have been verified by the 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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ByOwner last updated this listing 08/24/2026 @ 18:20
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