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$191,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • 1 Car Garage
  • Updated 1 day ago
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KANKAKEE MOVE-IN-READY 2 UNIT! Fully renovated in 2025, this two-unit property offers two ample sized 3-bedroom, 1-bath units designed with open-concept living which supports both relaxation and everyday comfort. The main-level unit features a comfortable living and open dining room, which flows into the kitchen making the area the preferred family entertainment spot! The upper-level unit offers a relaxed yet open-plan layout as well. The unrestricted kitchen opens directly to a light-filled comfortable living area. Both units include well-appointed bathrooms with neutral, cohesive finishes. 2025 renovations include new drywall, fresh interior paint, updated electrical and plumbing, refined modern lighting, and continuous laminate and waterproof vinyl plank flooring throughout. Updated generous sized kitchens and baths with large windows throughout enhance the open, airy feel of each unit. Additional improvements include a partially replaced roof, select new windows, new rear foundation section, a full unfinished basement for storage or utility use, and a detached one-car garage. Call for an appointment today!

Full Property Details for 505 S Chicago Ave

General

  • Price: $191,000
  • Taxes: $3,088 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12558710
  • Updated: 2/11/2026
  • Added to Site: 1 day(s) ago

Rental Information

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

Interior

  • Basement: Unfinished

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 6

Additional Information

  • Other Features: School Bus Service, Commuter Bus, Commuter Train

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 5
  • Parking Features: Yes, Garage Owned, Detached, Off-Street, Driveway, Owned, Garage

Location

  • Area: Kankakee
  • County: Kankakee
  • Township: Kankakee
  • Driving Directions: Take Court Street to South Chicago, Building on right side on the corner.

School Information

  • School District: 111
  • Elem School District: 111
  • Midd School District: 111
  • High School District: 111

Heating & Cooling

  • Heating Type: Baseboard

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: 1900
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 50 x 85
  • Lot Features: Corner Lot
  • Zoning: MULTI

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1900
  • Tax Amount: $3,088.94
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 16170512301200
Buyer's Brokerage Compensation: Contact Listing Agent
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— 505 S Chicago Ave —

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Schools serving 505 S Chicago Ave

School District:Kankakee School District 111
NameGradesDistance
Steuben Elementary School
520 South Wildwood Avenue, Kankakee, IL 60901
K-30.3 mi
John Kennedy Middle Grade School
1550 West Calista Street, Kankakee, IL 60901
3-61.4 mi
Kankakee Junior High School
2250 East Crestwood Street, Kankakee, IL 60901
7-81.4 mi
Kankakee High School
1200 West Jeffery Street, Kankakee, IL 60901
9-121.5 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 505 S Chicago Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/03/2026
Listed
$191,000
1173.33%
MLS
3/06/2023
Sold
$15,000
—
Public Record
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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 505 S Chicago Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,135
4%
$25,984
12%
2023
$3,021
9%
$23,148
14%
2022
$2,770
6%
$20,261
11%
2021
$2,615
8%
$18,335
11%
2020
$2,427
5%
$16,481
8%
2019
$2,313
4%
$15,331
8%
2018
$2,226
-11%
$14,196
2%
2017
$2,491
7%
$13,884
2%
2016
$2,336
4%
$13,612
-2%
2015
$2,257
—
$13,890
—
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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505 S Chicago Avenue, Kankakee, IL 60901 (MLS# 12558710) is a Multi-Family property with 2 units containing 6 bedrooms and 0 full bathrooms. 505 S Chicago Avenue is currently listed for $191,000 and was received on February 11, 2026. This property is listed by Brenda Ervin from our Bradley Office.Want to learn more about 505 S Chicago 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.

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