Description
Prime Investment Opportunity: Fully-Leased Income Property in Kankakee, IL. This property offers cash flow with full occupancy, generating a total monthly rent of 2,740 across all units. Each unit is fully leased as follows:273 S 3rd Ave, Unit 1: Rented at 950/month 275 S 3rd Ave, Unit 1: Rented at 850/month 275 S 3rd Ave, Unit 2: Rented at 790/month This turn-key investment is ideal for portfolio growth, with stable, long-term tenants under active leases, ensuring immediate and ongoing revenue. Don't miss out on this fully-leased property delivering 2,590 in monthly rent right from the start! The interior photos are of Units 2 and 3, taken prior to the tenants moving in.
Details
| MLS # | 12610981 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1895 |
| Days On Site | 166 |
| Listing Provided By | Green Real Estate | Isaiah Green |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 |
| Basement | Y |
| Zoning | MULTI |
| Acreage | 0.08 |
Interior
| Rooms Total | 20 |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Vinyl Siding |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2023 |
|---|---|
| Tax Annual Amount | 3023.52 |
Area Information
| State | IL |
|---|---|
| County | Kankakee |
| City | Kankakee |
| Zip Code | 60901 |
| Area | Kankakee |
| Listing VS Median (in 60901) | |
Price: $160,000 low | high Med: $189,900 On site: 166 low | high Med: 38 | |
Market Activity 60901
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Learn More About This Property
| State | IL |
|---|---|
| County | Kankakee |
| City | Kankakee |
| Zip Code | 60901 |
| Area | Kankakee |
| Listing VS Median (in 60901) | |
Price: $160,000 low | high Med: $189,900 On site: 166 low | high Med: 38 | |
Nearby Listings (Within 1/10 mile)
Price: $120K - $200K
sqft: 0 - 0
Listing Updated: July 9, 2026 at 12:10:40 PM PDT