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$399,900 -$25,100 (-5.91%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 2,300 Sq. Ft.
  • 2 Car Garage
  • Updated 1 day ago
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Rare opportunity to own a generous 100 feet of Kankakee River frontage on a beautiful double lot with dock and direct water access. Enjoy peaceful waterfront living along the navigable Kankakee River, providing direct access for boating, fishing, kayaking, and outdoor recreation. This well-maintained residence offers approximately 2,200 square feet of living space and combines comfortable indoor living with an exceptional riverfront lifestyle. The home features 3 spacious bedrooms, each with walk-in closets, and 2 bathrooms. The second floor offers the convenience of upstairs laundry located near the bedrooms. The partially remodeled main floor includes new flooring, updated cabinets, and newer appliances, creating a refreshed and functional living space. The living room features a fireplace that can be used as either wood burning or gas. Additional highlights include a bright sunroom with relaxing river views, new carpet installed in 2025, and an attached 2 car garage. Step outside and enjoy true outdoor living with two decks overlooking the water, a gazebo perfect for entertaining or relaxing, and a dock ideal for boating, fishing, or enjoying the scenic Kankakee River. Riverfront homes with this much frontage, outdoor space, and direct water access rarely become available. Enjoy peaceful riverfront living while still being within convenient driving distance of the Chicago suburbs. Schedule your showing today and experience everything this Kankakee River property has to offer. Imagine spending summer evenings by the water, boating, fishing, or simply relaxing while watching the river flow by

Full Property Details for 331 E Water St

General

  • Price: $399,900
  • Taxes: $13,381 (2024)
  • Status: Active
  • Type: Single Family
  • Source: MRED
  • MLS ID: 12586642
  • Updated: 3/18/2026
  • Added to Site: 4 day(s) ago

Interior

  • Basement: Unfinished
  • Interior Features: Wet Bar, 1st-Floor Bath, Walk-In Closet(s), Separate Dining Room
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Living Room, Wood-Burning, Gas Starter
  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Range Hood, Front Controls on Range/Cooktop, Gas Cooktop, Gas Oven
  • Flooring: Laminate, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Equipment: Ceiling Fan(s), Whole-House Fan
  • Other Features: Flood Zone

Exterior

  • Exterior Features: Fire Pit, Dock

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Concrete, Yes, Garage Owned, Attached, Garage

Location

  • Area: Kankakee
  • County: Kankakee
  • Township: Kankakee
  • Driving Directions: Head south on Schuyler going over the Kankakee River bridge, take the first left onto E. Water St. The 4th house on the left after curve

School Information

  • School District: 111
  • Elem School District: 111
  • Midd School District: 111
  • High School District: 111
  • Elementary School: Taft Primary School
  • Middle School: Kankakee Junior High School
  • High School: Kankakee High School
  • Private School: Kankakee High School

Community

  • Assoc. Fees Include: None

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Unfinished, Crawl Space, Partial
  • Roof: Asphalt
  • Windows: Window Treatments
  • Sub-Flooring: Laminate, Carpet
  • Square Feet: 2,300
  • Sq. Ft. Source: Other
  • Year Built: 1905
  • Built Before 1978: Yes
  • Remodeled/Updated: 2023

Additional Structures

  • Other Structures: Gazebo, Shed(s), Boat Dock

Lot Features

  • Lot Size (Acres): 0.293
  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 100 x 122 x 100 x 133
  • Fence: Yes
  • Zoning: SINGL
  • Fencing (Description): Fenced

Water Features

  • Water Front: Yes
  • Water Front Desc.: River Front, Waterfront
  • Water Front View: Back of Property

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1905
  • Tax Amount: $13,381
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: Standard
  • Property ID: 16170530801900

Listed by Berkshire Hathaway HomeServices Speckman Realty

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— 331 E Water St —

  • 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!

Schools serving 331 E Water St

School District:Kankakee School District 111
NameGradesDistance
Taft Primary School
1155 West Hawkins Street, Kankakee, IL 60901
K-31.1 mi
John Kennedy Middle Grade School
1550 West Calista Street, Kankakee, IL 60901
3-61.1 mi
Kankakee Junior High School
2250 East Crestwood Street, Kankakee, IL 60901
7-81.7 mi
Kankakee High School
1200 West Jeffery Street, Kankakee, IL 60901
9-121.2 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 331 E Water St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/18/2026
Price Reduced
$399,900
-5.91%
MLS
3/16/2026
Listed
$425,000
88.89%
MLS
8/17/2012
Sold
$225,000
—
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 331 E Water St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,381
4%
$119,182
12%
2023
$12,809
8%
$106,176
14%
2022
$11,813
7%
$92,933
11%
2021
$11,069
9%
$84,102
11%
2020
$10,180
6%
$75,598
7%
2019
$9,639
5%
$70,324
8%
2018
$9,212
—
$65,114
—
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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331 E Water Street, Kankakee, IL 60901 (MLS# 12586642) is a Single Family property with 3 bedrooms and 2 full bathrooms. 331 E Water Street is currently listed for $399,900 and was received on March 16, 2026. Want to learn more about 331 E Water Street? Do you have questions about finding other Single 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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