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$265,000
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Property Description
Fully Renovated Multi-Unit Property - Turnkey & Income-Producing! Welcome to 1184 E Merchant, where all units have been extensively updated and are move-in ready. Upgrades include a new roof, new siding, updated insulation, and mostly new electrical and plumbing systems. Enjoy brand new porches, exterior doors, luxury brand LVP flooring, plush carpet, fresh interior paint, and all-new light and plumbing fixtures. Bathrooms feature tile tub surrounds and new vanities, while kitchens have updated cabinets and new countertops. Each unit includes a serviced forced-air furnace, with one unit featuring electric baseboard heat. A partial sewer main replacement and added cleanout provide peace of mind for future maintenance. Most appliances have been updated as well. Ideally located just 1/8 mile from interstate access and close to schools, parks, grocery stores, gas stations, and public transportation. A great opportunity to own a fully updated, cash-flowing property in a convenient location!
Full Property Details
Full Property Details for 1184 E Merchant St
General
- Sold For: $265,000
- Taxes: $5,468 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12379726
- Added to Site: 218 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Additional Information
- Other Features: Interstate Access
Location
- Area: Kankakee
- County: Kankakee
- Driving Directions: Head east on E Court St toward N Myrtle Ave, turn right onto S Elm Ave, turn right onto E Merchant St, house will be on the left
School Information
- School District: 111
- Midd School District: 111
Heating & Cooling
- Heating Type: Electric
Utilities
- Water: Public
Structural Information
- Construction: Frame
- Exterior Const.: Frame
- Basement Desc.: Crawl Space
- Year Built: 1960
- Built Before 1978: Yes
- Remodeled/Updated: 2024
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 50 x 150
Financial Considerations
- Assessment Year: 1960
- Tax Amount: $5,468
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16170520801200
Listed by Styken Real Estate and Property Management
Sold by Pay It Forward Realty LLC
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Schools
Schools serving 1184 E Merchant St
School District:Kankakee School District 111
| Name | Grades | Distance |
|---|---|---|
King Middle Grade School 1440 East Court Street, Kankakee, IL 60901 | 3-6 | 0.2 mi |
Steuben Elementary School 520 South Wildwood Avenue, Kankakee, IL 60901 | K-3 | 0.3 mi |
Kankakee Junior High School 2250 East Crestwood Street, Kankakee, IL 60901 | 7-8 | 1 mi |
Kankakee High School 1200 West Jeffery Street, Kankakee, IL 60901 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1184 E Merchant St
Date
Details
Price
Change
Source
7/29/2025
Sold
$265,000
6%
MLS
6/11/2025
Listed
$250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1184 E Merchant Street, Kankakee, IL 60901 (MLS# 12379726) is a Multi-Family property that was sold at $265,000 on July 29, 2025. Want to learn more about 1184 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.

