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$469,900 Just Listed
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Property Description
MULTIFAMILY INVESTMENT PROPERTY OPPORTUNITY! Eight unit money making/income producing & fully rented property. Four two bedrooms units & four one bedroom units - all units are in move in ready condition. Rents range from $950-$1,350 per month. Seller has recently updated parking lot, boiler, water heaters, & replaced roof. Coin laundry room on site. Nothing left for you to do but collect rent - schedule your showing today!
Full Property Details
Full Property Details for 1525 E Risser St
General
- Price: $469,900
- Taxes: $5,059 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12774011
Location
- Area: Kankakee
- County: Kankakee
- Township: Kankakee
- Driving Directions: Court St to Nelson, turn south to Risser, turn left onto Risser, building is on the left.
Heating & Cooling
- Cooling Type: Wall Sleeve
- Heating Type: Hot Water
Utilities
- Trash: 500
Structural Information
- Construction: Wood, Vinyl Siding
- Exterior Const.: Wood, Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Fiberglass
- Stories/Levels: 2
- Current Bldg. Use: Multi-Family
- Year Built: 1968
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 8
- Units w/Range/Oven: 8
Lot Features
- Lot Size (Sq. Ft.): 8,601
- Lot Dimensions: 142 x 61
- Frontage: City Street
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $2,000
- Operating Expenses: $30,500
- Other Fee: $5,000
- Assessment Year: 1968
- Tax Amount: $5,059
- Tax Year: 2025
- Tenant Pays: Heat
- Pays Electric: 1000
- Pays Trash: 500
Disclosures and Reports
- Property ID: 161704109007
Listed by Goggin Real Estate LLC
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Schools
Schools serving 1525 E Risser 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 |
Edison Primary School 1991 East Maple Street, Kankakee, IL 60901 | K-3 | 0.4 mi |
Kankakee Junior High School 2250 East Crestwood Street, Kankakee, IL 60901 | 7-8 | 0.7 mi |
Kankakee High School 1200 West Jeffery Street, Kankakee, IL 60901 | 9-12 | 2.3 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
Tax History for 1525 E Risser St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,059
-6%
$45,684
—
2024
$5,401
-8%
$45,684
—
2023
$5,841
-6%
$45,684
—
2022
$6,208
-4%
$45,684
—
2021
$6,474
-3%
$45,684
—
2020
$6,682
-2%
$45,684
—
2019
$6,846
-4%
$45,684
—
2018
$7,119
-13%
$45,684
—
2017
$8,152
5%
$45,684
—
2016
$7,793
-5%
$45,684
-10%
2015
$8,197
—
$50,760
—
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
Estimate the Cost for 1525 E Risser St
1525 E Risser Street, Kankakee, IL 60901 (MLS# 12774011) is a Commercial property. 1525 E Risser Street is currently listed for $469,900 and was received on October 01, 2026. Want to learn more about 1525 E Risser Street? Do you have questions about finding other Commercial real estate for sale in Kankakee? You can browse all Kankakee real estate or contact a Coldwell Banker agent to request more information.

