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$160,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • Updated 13 hours ago
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Prime Investment Opportunity: Fully-Leased Income Property in Kankakee, IL. This property offers cash flow with full occupancy, generating a total monthly rent of 2,740 across all units. Each unit is fully leased as follows:273 S 3rd Ave, Unit 1: Rented at 950/month 275 S 3rd Ave, Unit 1: Rented at 850/month 275 S 3rd Ave, Unit 2: Rented at 790/month This turn-key investment is ideal for portfolio growth, with stable, long-term tenants under active leases, ensuring immediate and ongoing revenue. Don't miss out on this fully-leased property delivering 2,590 in monthly rent right from the start! The interior photos are of Units 2 and 3, taken prior to the tenants moving in.

Full Property Details for 273 S 3rd Ave

General

  • Price: $160,000
  • Taxes: $3,023 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12610981
  • Updated: 4/6/2026
  • Added to Site: 1 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Upper - Full Baths: 3

Bedrooms

  • Total Bedrooms: 6

Additional Information

  • Other Features: School Bus Service, Commuter Bus

Location

  • Area: Kankakee
  • County: Kankakee
  • Township: Kankakee
  • Driving Directions: Court St (Rt 17) to 3rd Ave South to property.

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
  • Year Built: 1895
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 3

Lot Features

  • Lot Size (Acres): 0.08
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 25 x 150
  • Zoning: MULTI

Financial Considerations

  • Assessment Year: 1895
  • Tax Amount: $3,023.52
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 16093233502600

Listed by Green Real Estate

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— 273 S 3rd Ave —

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NMLS#: 1598647

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

Schools serving 273 S 3rd Ave

School District:Kankakee School District 111
NameGradesDistance
John Kennedy Middle Grade School
1550 West Calista Street, Kankakee, IL 60901
3-60.9 mi
Kankakee Junior High School
2250 East Crestwood Street, Kankakee, IL 60901
7-82 mi
Kankakee High School
1200 West Jeffery Street, Kankakee, IL 60901
9-121.3 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 273 S 3rd Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/06/2026
Listed
$160,000
113.33%
MLS
7/13/2018
Sold
$75,000
—
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 273 S 3rd Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,138
4%
$26,542
12%
2023
$3,024
8%
$23,646
14%
2022
$2,812
6%
$20,697
10%
2021
$2,655
8%
$18,731
11%
2020
$2,462
5%
$16,836
7%
2019
$2,347
4%
$15,662
8%
2018
$2,260
-11%
$14,502
2%
2017
$2,531
7%
$14,183
2%
2016
$2,372
4%
$13,905
-2%
2015
$2,291
—
$14,189
—
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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273 S 3rd Avenue, Kankakee, IL 60901 (MLS# 12610981) is a Multi-Family property with 3 units containing 6 bedrooms and 0 full bathrooms. 273 S 3rd Avenue is currently listed for $160,000 and was received on April 06, 2026. Want to learn more about 273 S 3rd 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.

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