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$170,000
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Property Description
This property is being sold with 361 S Nelson. Two separate buildings on individual PINs. Each with two townhome-style units, for a total of four 2-bedroom, 1-bathroom rental units. Average rent $950 per month per unit with tenants paying all separate utilities. Each unit features a basement, hardwood floors, new furnace, updated electrical, new windows, and new roof. $340,000 for both buildings Agent Owned
Full Property Details
Full Property Details for 381 S Nelson Ave
General
- Price: $170,000
- Taxes: $4,469 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12540447
- Updated: 1/11/2026
- Added to Site: 10 day(s) ago
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 2
- Upper - Full Baths: 2
Bedrooms
- Total Bedrooms: 4
Parking
- Total Spaces: 2
- Parking Features: Yes
Location
- Area: Kankakee
- County: Kankakee
- Township: Kankakee
- Driving Directions: station to court st and south to property
School Information
- School District: 111
- Elem School District: 111
- Midd School District: 111
- High School District: 111
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Year Built: 1946
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 50 x 145
Financial Considerations
- Assessment Year: 1946
- Tax Amount: $4,469
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16170411501000
Listed by Village Realty Inc
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Schools
Schools serving 381 S Nelson Ave
School District:Kankakee School District 111
| Name | Grades | Distance |
|---|---|---|
King Middle Grade School 1440 East Court Street, Kankakee, IL 60901 | 3-6 | 0.2 mi |
Edison Primary School 1991 East Maple Street, Kankakee, IL 60901 | K-3 | 0.3 mi |
Kankakee Junior High School 2250 East Crestwood Street, Kankakee, IL 60901 | 7-8 | 0.7 mi |
Kankakee High School 1200 West Jeffery Street, Kankakee, IL 60901 | 9-12 | 2.2 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 381 S Nelson Ave
Date
Details
Price
Change
Source
1/05/2026
Listed
$170,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 381 S Nelson Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,469
4%
$37,796
12%
2023
$4,305
7%
$33,671
14%
2022
$4,005
6%
$29,471
10%
2021
$3,780
100%
$26,671
11%
2020
-100%
$23,974
7%
2019
$3,342
4%
$22,302
8%
2018
$3,218
-11%
$20,650
2%
2017
$3,604
7%
$20,195
2%
2016
$3,377
4%
$19,799
-2%
2015
$3,262
—
$20,203
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 381 S Nelson Ave
381 S Nelson Avenue, Kankakee, IL 60901 (MLS# 12540447) is a Multi-Family property with 2 units containing 4 bedrooms and 0 full bathrooms. 381 S Nelson Avenue is currently listed for $170,000 and was received on January 05, 2026. Want to learn more about 381 S Nelson 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.

