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$ 1,260,000
Est. payment /mo
New
450 S Dearborn AVE Kankakee, IL 60901
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12446043
Maintenance Fees $10,000
Year Built 1966
Annual Tax Amount $19,055
Tax Year 2024
Lot Dimensions 150 X 145
Property Sub-Type Multi Family 5+
Property Description
19 Units - 3 buildings, Located less than 2 blocks from Phase 1 of the Kankakee Riverfront Revitalization project, close to shopping, expressway, downtown area, 2 1/2 blocks to Kankakee Farmers Market, plus plenty of restaurants, this Investment Opportunity consists of 3 buildings totaling 19 units. Total 2024 Real Estate taxes $ 19,055.84 for all 3 buildings. All tenants have access to laundry room facilities located in building 450 (washers/dryers are leased). In addition there is a 5 car garage for additional income/owner use. Tenants responsible their own electric. Owner pays electric for common areas of Building 450, Water, refuse & Gas for all 3 buildings. 450 Dearborn is a brick 12 unit building consisting of 10-2 bedroom units, 2 - 1 bedroom units. Building 440 (16-17-05-114-004) had roof replaced in 2018, windows 2024-2025 and consists of 3 units. Building 466 (16-17-05-114-022) is a brick/stone & siding 4 unit consisting of all 1 bedroom units. Roof & Siding replaced in 2018. Tenants in building 466 have central air. See feature sheet / rent roll for full details. Building Ages of 440 & 466 is unknown. Units in building 440 & 450 have wall or window a/c units (many new or newer units). 12 unit is serviced by hot water heat (included in rent), 440 & 466 have forced air heat.
Location
State IL
County Kankakee
Area Kankakee
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling Central Air, Wall Sleeve, Window Unit(s)
Fireplace N
Building
Dwelling Type Multi Family 5+
Water Municipal Water
Structure Type Brick,Wood,Vinyl Siding
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Harriet Kubicz • HomeSmart Realty Group
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