This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$105,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
Fantastic investment opportunity! This affordable and well-maintained 2-unit property is a rare find, with tenants in place for over 10 and 15 years, providing stable, long-term rental income. The home has been meticulously cared for, minimizing maintenance concerns. Whether you're looking to expand your portfolio or start your investment journey, this property offers immediate cash flow with reliable tenants and a solid foundation. Updated Furnaces, electrical panels and water heaters.
Full Property Details
Full Property Details for 341 S 5th Ave
General
- Sold For: $105,000
- Taxes: $3,033 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12384373
- Added to Site: 223 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Parking
- Total Spaces: 4
- Parking Features: Unassigned, Off-Street, Yes
Location
- Area: Kankakee
- County: Kankakee
- Driving Directions: Court Street East to Washington St, South on Washington to Station St, Turn Right on Station then Left on 5th, House on West side of street.
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
- Foundation: Stone
- Roof: Asphalt
- Year Built: 1910
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 50 x 150
Financial Considerations
- Assessment Year: 1910
- Tax Amount: $3,033.82
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16170621401700
Listed by RE/MAX Prestige Homes
Sold by Carnelian Realty Group
Get Pre-Approved Today
Schools
Schools serving 341 S 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 | 0.8 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 | 1.2 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 341 S 5th Ave
Date
Details
Price
Change
Source
11/24/2025
Sold
$105,000
-8.7%
MLS
9/05/2025
Price Reduced
$115,000
-3.36%
MLS
8/07/2025
Price Reduced
$119,000
-4.8%
MLS
7/16/2025
Price Reduced
$125,000
-3.85%
MLS
6/04/2025
Listed
$130,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
341 S 5th Avenue, Kankakee, IL 60901 (MLS# 12384373) is a Multi-Family property that was sold at $105,000 on November 24, 2025. Want to learn more about 341 S 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.

