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$195,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 5 Total Beds
  • 2 Car Garage
  • Updated 2 hours ago
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Fantastic Investment Opportunity in Kankakee! This remodeled 2-unit building is ideal for investors or those seeking a multi-family living option. The property includes a spacious 3-bedroom, 1-bathroom unit and a well-designed 2-bedroom, 1-bathroom unit, both featuring modern finishes and thoughtful upgrades. Each unit is equipped with its own laundry facilities, providing added convenience for residents. Both apartments offer comfortable living spaces with access to front and back porches, making them highly desirable for tenants. A sidewalk leads to a detached 2-car garage, offering plenty of parking and storage options. Conveniently located near local amenities, this property has the potential to generate strong cash flow through rental income. Don't miss the chance to own a versatile property with incredible investment potential-schedule your showing today!

Full Property Details for 1095-1097 E Merchant St

General

  • Price: $195,000
  • Taxes: $2,423 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12624227
  • Updated: 5/5/2026
  • Added to Site: 1 day(s) ago

Rental Information

  • Complex Features: Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Unfinished

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 5

Additional Information

  • Other Features: School Bus Service, Commuter Bus, Interstate Access

Parking

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

Location

  • Area: Kankakee
  • County: Kankakee
  • Township: Kankakee
  • Driving Directions: Take Court Street to Evergreen Ave. Evergreen to Merchant St. and property is on your left.

School Information

  • School District: 111
  • Elem School District: 111
  • Midd School District: 111
  • High School District: 111

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Roof: Asphalt
  • Year Built: 1890
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 58 x 141

Financial Considerations

  • Assessment Year: 1890
  • Tax Amount: $2,423
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 16170520201900

Listed by Keller Williams Infinity

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— 1095-1097 E Merchant St —

  • Keller Williams Infinity

(630) 638-4272

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NMLS#: 1598647

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NMLS#: 1598647

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

Price & Sales History for 1095-1097 E Merchant St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/04/2026
Listed
$195,000
290%
MLS
3/06/2024
Sold
$50,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1095-1097 E Merchant St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,423
—
$23,262
14%
2024
$2,423
4%
$20,495
12%
2023
$2,335
8%
$18,259
14%
2022
$2,172
6%
$15,982
11%
2021
$2,050
8%
$14,463
11%
2020
$1,901
5%
$13,000
8%
2019
$1,812
4%
$12,093
8%
2018
$1,745
-11%
$11,197
2%
2017
$1,954
7%
$10,950
2%
2016
$1,831
4%
$10,736
-2%
2015
$1,769
—
$10,955
—
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.

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Listed by Keller Williams Infinity

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1095-1097 E Merchant Street, Kankakee, IL 60901 (MLS# 12624227) is a Multi-Family property with 2 units containing 5 bedrooms and 0 full bathrooms. 1095-1097 E Merchant Street is currently listed for $195,000 and was received on May 04, 2026. Want to learn more about 1095-1097 E Merchant Street? Do you have questions about finding other Multi-Family real estate for sale in Kankakee? You can browse all Kankakee real estate or contact a Coldwell Banker agent to request more information.

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