Date
Details
Price
Change
Source
2/10/2026
Listed
$4,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/11
$4,350,000 Just Listed
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1/11
Property Description
FOR SALE - KANKAKEE - 58 UNIT APARTMENT COMPLEX - This seller is offering the Tedmark & Cooper Apartment Complex, a 58-unit, seven building multifamily portfolio in Kankakee, IL at a purchase price of $4,350,000 equal to $75,000 per unit. The property has been operating under IHDA regulations, with extended use requirements, that ended December 2025, creating a rare and immediate market rate conversion opportunity. With rents below market rate, above normal vacancy and turnover constrained by compliance rules, the portfolio is positioned for a new owner to execute a high impact value add strategy and unlock substantial NOI growth. Also, with the IHDA expiration, this would be an opportune time for the buyer to incorporate RUBS (Ratio Utility Billing System) for additional value add income! PROPERTY OVERVIEW 58 Total Units Across Seven Buildings 210 Tedmark Ct. - 12 units 220 Tedmark Ct. - 4 units 230 Tedmark Ct. - 4 units 240 Tedmark Ct. - 8 units 2755 Cooper Dr. - 12 units 2779 Cooper Dr. - 12 units 280 Tedmark Ct. - 6 units - GREAT INVESTMENT OPPORTUNITY - CALL TODAY!
Full Property Details
Full Property Details for 210 - 280 Tedmark Ct
General
- Price: $4,350,000
- Taxes: $17,260 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12013807
- Updated: 2/10/2026
- Added to Site: 2 day(s) ago
Location
- Area: Kankakee
- County: Kankakee
- Township: Aroma
- Driving Directions: East on Court St., south on Hillcrest, east on Cooper Dr. to Tedmark. Properties on east side of street.
Heating & Cooling
- Cooling Type: Wall Sleeve
- Heating Type: Electric, Gas
Utilities
- Water: Community Water
- Onsite: Sewer Connected
Structural Information
- Construction: Wood, Vinyl Siding, Brick
- Exterior Const.: Wood, Vinyl Siding, Brick
- Foundation: Concrete Perimeter
- Roof: Fiberglass
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 1974
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 2.36
- Lot Size (Sq. Ft.): 102,802
- Lot Dimensions: 115 200 x 450
- Frontage: City Street
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1974
- Tax Amount: $17,260.3
- Tax Year: 2024
- Tenant Pays: Electricity, Heat, Varies by Tenant
Disclosures and Reports
- Property ID: 12170310602500
Listed by McColly Bennett Real Estate
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— 210 - 280 Tedmark Ct —
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Schools
Schools serving 210 - 280 Tedmark Ct
School District:Kankakee School District 111
| Name | Grades | Distance |
|---|---|---|
Mark Twain Primary School 2250 East Court Street, Kankakee, IL 60901 | PK-3 | 0.4 mi |
King Middle Grade School 1440 East Court Street, Kankakee, IL 60901 | 3-6 | 1.1 mi |
Kankakee Junior High School 2250 East Crestwood Street, Kankakee, IL 60901 | 7-8 | 0.3 mi |
Kankakee High School 1200 West Jeffery Street, Kankakee, IL 60901 | 9-12 | 3.2 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 210 - 280 Tedmark Ct
Tax History
Tax History for 210 - 280 Tedmark Ct
Year
Property Taxes
Change
Tax Assessment
Change
2024
$17,260
-7%
$146,398
—
2023
$18,637
-6%
$146,398
—
2022
$19,786
-4%
$146,398
—
2021
$20,630
-3%
$146,398
—
2020
$21,271
—
$146,398
—
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 210 - 280 Tedmark Ct
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- Single Family
- Active
- Updated 14 hours ago
- 3Beds
- 2Total Baths
- 1,780Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 2Total Baths
- 1,798Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,500Sq. Ft.
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- Single Family
- Active
- Updated 10 hours ago
- 3Beds
- 2Total Baths
- 960Sq. Ft.
- Condo / Townhouse
- Active
- Updated 17 hours ago
- 2Beds
- 2Total Baths
- 1,500Sq. Ft.
210 - 280 Tedmark Court, Kankakee, IL 60901 (MLS# 12013807) is a Commercial property. 210 - 280 Tedmark Court is currently listed for $4,350,000 and was received on February 10, 2026. Want to learn more about 210 - 280 Tedmark Court? 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.