312 N 5th Avenue, Kankakee, IL 60901 - Photo 1

1/1

$65,000

Sold
Closed
Multi-Family
3 Total Beds
Updated 12 days ago

1/1

Property Description

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

Full Property Details for 312 N 5th Ave

General

Sold For: $65,000
Taxes: $3,080 (2024)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 12503103
Added to Site: 130 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 2

Bedrooms

Total Bedrooms: 3

Additional Information

Equipment: Ceiling Fan(s)

Parking

Total Spaces: 2
Parking Features: Unassigned, Yes

Location

Area: Kankakee
County: 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
Midd School District: 111

Heating & Cooling

Heating Type: Natural Gas

Utilities

Water: Public

Structural Information

Construction: Frame
Exterior Const.: Frame
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

Disclosures and Reports

Ownership: Fee Simple
Property ID: 16093231200500

Listed by Berkshire Hathaway HomeServices Speckman Realty
Sold by Rife Realty

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— 312 N 5th Ave —

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Schools

Schools serving 312 N 5th 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	2.1 mi
Kankakee High School 1200 West Jeffery Street, Kankakee, IL 60901	9-12	1.5 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

Date

Details

Price

Change

Source

2/17/2026

Sold

$65,000

-7.14%

MLS

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

—

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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Beds
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Active
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Beds
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Total Bath
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Sq. Ft.

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Sold

$57,500

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Single Family
Closed

2
Beds
1
Total Bath
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Sq. Ft.

[Address not provided], Kankakee, IL 60901 - Photo 1

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Closed
Updated 5 days ago

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Beds
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Total Bath
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Multi-Family
Closed

4
Total Beds

312 N 5th Avenue, Kankakee, IL 60901 (MLS# 12503103) is a Multi-Family property that was sold at $65,000 on February 17, 2026. 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.

312 N 5th Ave Kankakee, IL 60901

Full Property Details for 312 N 5th Ave

General

Rooms

Bathrooms

Bedrooms

Additional Information

Parking

Location

School Information

Heating & Cooling

Utilities

Structural Information

Unit Information

Lot Features

Financial Considerations

Disclosures and Reports

Listing agent

Get Pre-Approved Today

Be ready to buy your new home!

Be ready to buy your new home!

Schools serving 312 N 5th Ave

Price & Sales History for 312 N 5th Ave

Just Listed near 312 N 5th Ave

212 S Blaine Ave Bradley, IL 60915

1136 Gertsam Dr Bradley, IL 60915

1443 Truman Dr Bradley, IL 60915

516 E Broadway St Bradley, IL 60915

Price Reduced near 312 N 5th Ave

311 S Cleveland Ave Bradley, IL 60915

411 N Prairie Ave Bradley, IL 60915

250 S Kinzie Ave Bradley, IL 60915

899 Armour Rd Bourbonnais, IL 60914

Recent Sales near 312 N 5th Ave

945 Stone St Kankakee, IL 60901

[Address not provided] Kankakee, IL 60901

974 S Washington Ave Kankakee, IL 60901

263 N Wildwood Ave Kankakee, IL 60901