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$159,000
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Property Description
Great investment opportunity you won't want to miss! This well-maintained, side-by-side townhome-style duplex features a classic brick exterior and is fully turnkey with separate utilities for each unit. Both units have been recently updated, including two spacious bedrooms and one and a half baths. The south unit brings in 1200/month in rent, while the north unit brings in 1175/month with tenants who are responsible for all utilities. Each unit is secured 1-year lease, with subsidized rental payments, ensuring steady income. Recently passing city inspections and fully licensed, this property promises both immediate cash flow and long-term stability. Schedule your Private showing today!
Full Property Details
Full Property Details for 516 S Rosewood Ave
General
- Sold For: $159,000
- Taxes: $3,547 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12272401
- Added to Site: 402 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Additional Information
- Other Features: School Bus Service
Parking
- Total Spaces: 4
- Parking Type: Space(s)
- Parking On-Site: Yes
Location
- Area: Kankakee
- County: Kankakee
- Driving Directions: West on river st left on rosewood house on the left.
School Information
- School District: 111
- Midd School District: 111
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Public
Structural Information
- Exterior Const.: Brick
- Basement Desc.: Full
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 50 x 150
Financial Considerations
- Tax Amount: $3,547.16
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16170522400300
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Schools
Schools serving 516 S Rosewood Ave
School District:Kankakee School District 111
| Name | Grades | Distance |
|---|---|---|
Steuben Elementary School 520 South Wildwood Avenue, Kankakee, IL 60901 | K-3 | 0.1 mi |
John Kennedy Middle Grade School 1550 West Calista Street, Kankakee, IL 60901 | 3-6 | 1.5 mi |
Kankakee Junior High School 2250 East Crestwood Street, Kankakee, IL 60901 | 7-8 | 1.2 mi |
Kankakee High School 1200 West Jeffery Street, Kankakee, IL 60901 | 9-12 | 1.7 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 516 S Rosewood Ave
Date
Details
Price
Change
Source
2/27/2025
Sold
$159,000
—
MLS
1/16/2025
Listed
$159,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
516 S Rosewood Avenue, Kankakee, IL 60901 (MLS# 12272401) is a Multi-Family property that was sold at $159,000 on February 27, 2025. Want to learn more about 516 S Rosewood 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.


