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$160,000

  • For Sale
  • Active
  • Multi-Family
  • 2 Total Beds
  • 2 Car Garage
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"Rare Two-Unit Investment Opportunity in Chebanse" Don't miss this hard-to-find two-unit property in Kankakee County, offering existing rental income and additional upside potential. The property features two separate 1-bedroom units, with one unit on the main level and one upstairs. The upper unit is currently tenant-occupied, giving an investor the opportunity to step into an income-producing property while improving or leasing the remaining unit. Situated on a generous corner lot approximately 60 x 200 per assessor, the property also offers a large yard, detached garage, and unfinished cellar for additional storage. With limited multi-unit inventory in the Chebanse area, this property could be an excellent addition to a rental portfolio or a potential owner-occupant investment for a buyer looking to live in one unit while generating income from the other. Property will not qualify for traditional FHA

Full Property Details for 397 W Chebanse Ave

General

  • Price: $160,000
  • Taxes: $3,104 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12758554

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Upper - Full Baths: 2

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Other Features: School Bus Service

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 8
  • Parking Features: Yes, Garage Owned, Detached, Garage

Location

  • Area: Chebanse
  • County: Kankakee
  • Township: Chebanse
  • Driving Directions: I-57 S from Kankakee to Exit 302/Chebanse. West into Chebanse to W Chebanse Ave. Proceed to 397 W Chebanse Ave.

School Information

  • School District: 4
  • Elem School District: 4
  • Midd School District: 4
  • High School District: 4

Heating & Cooling

  • Heating Type: Natural Gas, Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Unfinished, Cellar, Exterior Entry, Partial
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 60 x 200

Financial Considerations

  • Tax Amount: $3,104
  • Tax Year: 2025
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 132411402023

Listed by Z Realty Group

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Listing agent

— 397 W Chebanse Ave —

  • Z Realty Group

(815) 304-5384

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 397 W Chebanse Ave

School District:Central Community Unit School District 4
NameGradesDistance
Chebanse Elementary School
PO Box 8, Chebanse, IL 60922
K-40.3 mi
John L Nash Middle School
1134 3100 North, Clifton, IL 60927
5-83 mi
Central High School, Clifton, IL
1134 3100 North, Clifton, IL 60927
9-123 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 397 W Chebanse Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,104
8%
$46,518
10%
2024
$2,871
6%
$42,482
10%
2023
$2,711
8%
$38,533
6%
2022
$2,510
3%
$36,266
7%
2021
$2,438
7%
$33,973
6%
2020
$2,287
7%
$31,974
7%
2019
$2,147
2%
$30,022
2%
2018
$2,099
—
$29,578
2%
2017
$2,090
9%
$28,927
4%
2016
$1,918
4%
$27,881
4%
2015
$1,836
—
$26,681
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 397 W Chebanse Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Z Realty Group

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397 W Chebanse Avenue, Chebanse, IL 60922 (MLS# 12758554) is a Multi-Family property with 2 units containing 2 bedrooms and 0 full bathrooms. 397 W Chebanse Avenue is currently listed for $160,000 and was received on September 14, 2026. Want to learn more about 397 W Chebanse Avenue? Do you have questions about finding other Multi-Family real estate for sale in Chebanse? You can browse all Chebanse real estate or contact a Coldwell Banker agent to request more information.

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