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$290,000 Contingent

  • For Sale
  • Contingent
  • Multi-Family
  • 8 Total Beds
  • 1.5 Car Garage
  • Updated 2 days ago
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Welcome to downtown Kankakee! Great opportunity in for the experienced investor looking to add cashflow to his investment, or for the first time buyer looking to house-hack! Walking distance from every amenity one could desire. Including grocery stores, gas stations, parks, museums, library, the list could go on! The Kankakee Riverfront project will be steps away! The building includes 4 similar units: 2 bed 1 bath, 800sqft/units. The building also has an unfinished basement with the opportunity for a laundry room. 2 Parking spots in the rear, 4 Parking spots in the front, and a 1.5 car garage for additional income. Tenants responsible for electric -all equipment is electric! (Heaters and water heaters!) Units have all been updated and rehabbed! All you need to do is is start collecting that cashflow!

Full Property Details for 543 S 3rd Ave

General

  • Price: $290,000
  • Taxes: $3,892 (2025)
  • Status: Contingent
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12710105
  • Updated: 8/24/2026
  • Added to Site: 27 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Upper - Full Baths: 4

Bedrooms

  • Total Bedrooms: 8

Additional Information

  • Equipment: Carbon Monoxide Detectors, Ceiling Fan(s), Multiple Water Heaters, Water Heater-Electric

Parking

  • Garage: Yes
  • Garage Spaces: 1.5
  • Total Spaces: 5
  • Parking Features: No Garage, Yes, Garage Owned, Detached, Off-Street, Owned, Garage

Location

  • Area: Kankakee
  • County: Kankakee
  • Township: Kankakee
  • Driving Directions: Court St W to Washington S, to Bourbonnais St, go W to 3rd Ave

School Information

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

Heating & Cooling

  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Vinyl Siding, Brick
  • Exterior Const.: Vinyl Siding, Brick
  • Basement: Yes
  • Basement Desc.: Unfinished, Partial
  • Foundation: Concrete Perimeter
  • Year Built: 1960
  • Built Before 1978: Yes
  • Remodeled/Updated: 2026

Unit Information

  • Units in Building: 4

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.17
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 50 x 150
  • Lot Features: None
  • Zoning: MULTI

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1960
  • Tax Amount: $3,892
  • Tax Year: 2025
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: List Broker Must Accompany
  • Property ID: 16170622201700

Listed by Realty of America, LLC

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— 543 S 3rd Ave —

  • Realty of America, LLC

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 543 S 3rd Ave

School District:Kankakee School District 111
NameGradesDistance
John Kennedy Middle Grade School
1550 West Calista Street, Kankakee, IL 60901
3-60.8 mi
Kankakee Junior High School
2250 East Crestwood Street, Kankakee, IL 60901
7-82 mi
Kankakee High School
1200 West Jeffery Street, Kankakee, IL 60901
9-121.1 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 543 S 3rd Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/30/2026
Listed
$290,000
58.47%
MLS
7/10/2024
Sold
$183,000
—
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 543 S 3rd Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,892
6%
$35,145
13%
2024
$3,661
4%
$30,965
12%
2023
$3,527
7%
$27,585
14%
2022
$3,281
6%
$24,144
10%
2021
$3,097
8%
$21,850
11%
2020
$2,873
5%
$19,640
7%
2019
$2,738
4%
$18,270
8%
2018
$2,636
-11%
$16,917
2%
2017
$2,952
7%
$16,545
2%
2016
$2,767
4%
$16,221
-2%
2015
$2,673
—
$16,552
—
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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Listed by Realty of America, LLC

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543 S 3rd Avenue, Kankakee, IL 60901 (MLS# 12710105) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 543 S 3rd Avenue is currently listed for $290,000 and was received on July 30, 2026. Want to learn more about 543 S 3rd 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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