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$156,000
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Property Description
Opportunities like this don't come around often. This solid two-unit property in the heart of Kankakee is the definition of a true income-producing asset-already generating nearly $3,000 per month in rental income. Whether you're looking to expand your portfolio or secure a strong cash-flowing investment from day one, this property checks all the boxes. Both units are well-positioned to provide consistent returns, making it an ideal addition for both seasoned investors and those just getting started. The current ownership has maintained the property and is offering it strictly due to relocation, creating a rare chance to step into a performing asset without the typical startup headaches. This is the kind of deal investors wait for-stable, proven, and ready to go. Located in a convenient area with strong rental demand, this property offers the perfect blend of cash flow and long-term upside. Call today to schedule your private showing-48-hour notice required. Serious inquiries only. Buyers must be pre-approved or provide proof of funds prior to showing.
Full Property Details
Full Property Details for 265 S Washington Ave
General
- Sold For: $156,000
- Taxes: $2,775 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12604531
- Added to Site: 48 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Location
- Area: Kankakee
- County: Kankakee
- Driving Directions: E Court to S. Washington
School Information
- School District: 111
- Midd School District: 111
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Public
Structural Information
- Construction: Vinyl Siding
- Exterior Const.: Vinyl Siding
- Basement Desc.: Unfinished, Full
- Year Built: 1910
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 40 x 111 x 45 x 110
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1910
- Tax Amount: $2,775.26
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16093233701600
Listed by Village Realty, Inc
Sold by Berkshire Hathaway HomeServices Speckman Realty
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Schools
Schools serving 265 S Washington Ave
School District:Kankakee School District 111
| Name | Grades | Distance |
|---|---|---|
John Kennedy Middle Grade School 1550 West Calista Street, Kankakee, IL 60901 | 3-6 | 1 mi |
Kankakee Junior High School 2250 East Crestwood Street, Kankakee, IL 60901 | 7-8 | 1.9 mi |
Kankakee High School 1200 West Jeffery Street, Kankakee, IL 60901 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 265 S Washington Ave
Date
Details
Price
Change
Source
5/07/2026
Sold
$156,000
0.65%
MLS
3/30/2026
Listed
$155,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
265 S Washington Avenue, Kankakee, IL 60901 (MLS# 12604531) is a Multi-Family property that was sold at $156,000 on May 07, 2026. Want to learn more about 265 S Washington Avenue? 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.

