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$85,000
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Property Description
KANKAKEE - 2 UNIT APARTMENT BUILDING - Excellent income producing property. 1 - 1 bedroom/1 bathroom unit and 1 - 2 bedroom/1 bathroom unit in good condition at great rental rates. Current rental license up to date. 2 neighboring properties also available for a total of 10 units all adjacent, see MLS #12183285, #12183734, and#12195146 for other property details. Near Downtown Kankakee, Farmers Market and Financial District of Kankakee. Great opportunity! Call Today!
Full Property Details
Full Property Details for 322 W Merchant St
General
- Sold For: $85,000
- Taxes: $2,589 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12313873
- Added to Site: 305 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Additional Information
- Other Features: Commuter Bus
Parking
- Total Spaces: 4
- Parking Features: Off-Street, Off Site, Other
Location
- Area: Kankakee
- County: Kankakee
- Driving Directions: Court St to 3rd ave, south to Merchant, right to property
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: 1885
- Built Before 1978: Yes
- Remodeled/Updated: 2023
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 40.25 x 50
Financial Considerations
- Assessment Year: 1885
- Tax Amount: $2,589.64
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16093233502000
Listed and Sold by McColly Bennett Real Estate
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Schools
Schools serving 322 W Merchant St
School District:Kankakee School District 111
| Name | Grades | Distance |
|---|---|---|
John Kennedy Middle Grade School 1550 West Calista Street, Kankakee, IL 60901 | 3-6 | 0.9 mi |
Kankakee Junior High School 2250 East Crestwood Street, Kankakee, IL 60901 | 7-8 | 2 mi |
Kankakee High School 1200 West Jeffery Street, Kankakee, IL 60901 | 9-12 | 1.3 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 322 W Merchant St
Date
Details
Price
Change
Source
8/15/2025
Sold
$85,000
-5.56%
MLS
5/28/2025
Price Reduced
$90,000
-5.26%
MLS
3/17/2025
Listed
$95,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
322 W Merchant Street, Kankakee, IL 60901 (MLS# 12313873) is a Multi-Family property that was sold at $85,000 on August 15, 2025. Want to learn more about 322 W Merchant Street? 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.

