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$70,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
  • 3 Total Beds
  • Updated 10 hours ago
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Great investment opportunity in Kankakee! This 2 unit property sits next to the 5th Avenue Community Garden and offers excellent income potential. The main level unit features 1 bedroom, a living/dining room, 1 bathroom and kitchen. The upper level unit offers 2 bedrooms, 1 bathroom and kitchen. Brand new exterior stairs (2023) provide safe and easy access to upper level. Both units share a backyard shed, perfect for lawn equipment and each unit has a brand new water heater installed in 2023. Whether you're looking to expand your investment portfolio or live in one unit while renting the other, this property offers great versatility and rental income potential.

Full Property Details for 312 N 5th Ave

General

  • Price: $70,000
  • Taxes: $3,080 (2024)
  • Status: Pending
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12503103
  • Updated: 1/16/2026
  • Added to Site: 84 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Upper - Full Baths: 2

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Equipment: Ceiling Fan(s)

Parking

  • Total Spaces: 2
  • Parking Features: Unassigned, Yes

Location

  • Area: Kankakee
  • County: Kankakee
  • Township: Kankakee
  • Driving Directions: I57 South and exit Court Street, turn right on N 5th Ave, home is on east side of road.

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: Frame
  • Exterior Const.: Frame
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 37.5 x 125

Financial Considerations

  • Tax Amount: $3,080.06
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 16093231200500

Listed by Berkshire Hathaway HomeServices Speckman Realty

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Listing agent

— 312 N 5th Ave —

  • Berkshire Hathaway HomeServices Speckman Realty

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NMLS#: 1598647

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

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

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

Schools serving 312 N 5th Ave

School District:Kankakee School District 111
NameGradesDistance
John Kennedy Middle Grade School
1550 West Calista Street, Kankakee, IL 60901
3-61 mi
Kankakee Junior High School
2250 East Crestwood Street, Kankakee, IL 60901
7-82.1 mi
Kankakee High School
1200 West Jeffery Street, Kankakee, IL 60901
9-121.5 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 312 N 5th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/29/2025
Price Reduced
$70,000
-12.5%
MLS
10/25/2025
Price Reduced
$80,000
-5.88%
MLS
10/24/2025
Listed
$85,000
254.17%
MLS
5/19/2023
Sold
$24,000
—
Public Record
Get Price Alerts and Save Property
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 312 N 5th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,080
4%
$26,052
12%
2023
$2,968
8%
$23,209
14%
2022
$2,760
6%
$20,314
10%
2021
$2,605
8%
$18,384
11%
2020
$2,417
5%
$16,525
8%
2019
$2,304
4%
$15,372
8%
2018
$2,218
-11%
$14,233
2%
2017
$2,484
7%
$13,919
2%
2016
$2,328
4%
$13,646
-2%
2015
$2,248
—
$13,924
—
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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Listed by Berkshire Hathaway HomeServices Speckman Realty

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312 N 5th Avenue, Kankakee, IL 60901 (MLS# 12503103) is a Multi-Family property with 2 units containing 3 bedrooms and 0 full bathrooms. 312 N 5th Avenue is currently listed for $70,000 and was received on October 24, 2025. Want to learn more about 312 N 5th 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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