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$139,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • Updated 1 day ago
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This solid two unit investment property offers exceptional income potential, with each spacious three bedroom unit boasting over thirteen hundred square feet of living space. Durable vinyl siding and vinyl windows complement a roof less than five years old, while a large attic presents exciting potential for conversion into a third unit. Utilities are separately metered, with tenants responsible for all costs except sewer and garbage, and current rents of twelve hundred dollars per unit with matching security deposits make this a turnkey opportunity for any investor. Ideally located near the local farmers market and the river, this property combines strong cash flow with genuine long term upside. Don't miss your chance to add this promising investment to your portfolio.

Full Property Details for 355 E Bourbonnais St

General

  • Price: $139,000
  • Taxes: $3,804 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12727256
  • Updated: 8/7/2026
  • Added to Site: 3 day(s) ago

Rental Information

  • Complex Features: Park, Curbs, Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Unfinished

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 6

Additional Information

  • Equipment: Carbon Monoxide Detectors, Multiple Water Heaters, Water Heater-Gas
  • Other Features: School Bus Service, Commuter Bus, Interstate Access

Parking

  • Total Spaces: 2
  • Parking Features: Off-Alley, Yes

Location

  • Area: Kankakee
  • County: Kankakee
  • Township: Kankakee
  • Driving Directions: Take S. Schuyler Ave. South to E. Bourbonnais St. 2 blocks West to property on North side of street.

School Information

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

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Foundation: Concrete Perimeter
  • Roof: Asphalt
  • Year Built: 1903
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 50 x 100
  • Zoning: MULTI

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1903
  • Tax Amount: $3,804.44
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 161705114018

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Schools serving 355 E Bourbonnais St

School District:Kankakee School District 111
NameGradesDistance
Steuben Elementary School
520 South Wildwood Avenue, Kankakee, IL 60901
K-30.4 mi
John Kennedy Middle Grade School
1550 West Calista Street, Kankakee, IL 60901
3-61.2 mi
Kankakee Junior High School
2250 East Crestwood Street, Kankakee, IL 60901
7-81.6 mi
Kankakee High School
1200 West Jeffery Street, Kankakee, IL 60901
9-121.4 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 355 E Bourbonnais St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/07/2026
Listed
$139,000
15.83%
MLS
7/24/2024
Sold
$120,000
—
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 355 E Bourbonnais St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,804
—
$36,523
13%
2024
$3,804
4%
$32,179
12%
2023
$3,666
8%
$28,667
14%
2022
$3,410
6%
$25,092
11%
2021
$3,218
8%
$22,707
11%
2020
$2,985
5%
$20,411
7%
2019
$2,845
4%
$18,987
8%
2018
$2,739
-11%
$17,580
2%
2017
$3,068
7%
$17,194
2%
2016
$2,876
4%
$16,857
-2%
2015
$2,778
—
$17,201
—
View All
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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355 E Bourbonnais Street, Kankakee, IL 60901 (MLS# 12727256) is a Multi-Family property with 2 units containing 6 bedrooms and 0 full bathrooms. 355 E Bourbonnais Street is currently listed for $139,000 and was received on August 07, 2026. Want to learn more about 355 E Bourbonnais 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.

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