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341 S 5th Avenue, Kankakee, IL 60901

Kankakee
Local realty services provided by:CENTURY 21 North East
341 S 5th Avenue,Kankakee, IL 60901
$160,000
  • 3 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: fawad shahid
Office: carnelian realty group
MLS#:12740729
Source:MLSNI

Price summary

  • Price:$160,000

About this home

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 improvements. The property has been well cared for and maintained, with several important mechanical and electrical updates already completed. Recent improvements include updated furnaces, electrical...

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Home facts

  • Year built:1910
  • Listing ID #:12740729
  • Updated:October 29, 2026 at 11:35 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:3
  • Basement Description:Full, Unfinished

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:1910
  • Lot area:0.17 Acres
  • Architectural Style:Traditional
  • Exterior Features:Balcony
  • Foundation Description:Concrete Perimeter, Stone

Utilities

  • Water:Lake Michigan
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$160,000
  • Tax amount:$3,226 (2025)

Parking

  • Total parking spaces:4
MLS LogoCopyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed. MLSNI Member Broker: Nate Brown

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