553 S 3rd Street, Kankakee, IL 60901 - Photo 1

1/1

$170,550

Sold
Closed
Multi-Family
4 Total Beds
Updated 13 days ago

1/1

Property Description

Introducing a beautifully refreshed two-story four-unit building in the heart of Kankakee, Illinois, just a couple of blocks from the upcoming East Riverwalk park, set to be completed by year's end. All Units are 1 bed 1 bath. Each unit in this fully rented property has been thoughtfully updated before occupancy, featuring modern vinyl plank flooring, fresh paint, and refinished cabinets and countertops. Each unit is equipped with its own refrigerator and stove. The building also offers a newer rubber roof (just three years old), durable vinyl windows, steel staircases, and a basement area with potential for coin laundry installation. Tenants cover their own electric, gas, and water, while the landlord covers sewer and garbage. Current rents are 800, 650, 600, and 750 per unit. Updated plumbing and electrical. Schedule your private showing today!

Full Property Details

Full Property Details for 553 S 3rd St

General

Sold For: $170,550
Taxes: $3,032 (2024)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 12479360
Added to Site: 112 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 1

Bedrooms

Total Bedrooms: 4

Additional Information

Other Features: School Bus Service

Parking

Total Spaces: 8
Parking Features: Yes, Owned

Location

Area: Kankakee
County: Kankakee
Driving Directions: East on Court St, South on 3rd St, house on the right.

School Information

School District: 111
Midd School District: 111

Heating & Cooling

Heating Type: Electric

Utilities

Water: Public

Structural Information

Construction: Stucco
Exterior Const.: Stucco
Basement Desc.: Unfinished, Partial
Year Built: 1950
Built Before 1978: Yes

Unit Information

Units in Building: 4

Lot Features

Lot Size Range: Less than .25 Acre
Lot Dimensions: 50 x 100

Financial Considerations

Assessment Year: 1950
Tax Amount: $3,032.4
Tax Year: 2024

Disclosures and Reports

Ownership: Fee Simple
Property ID: 16170622201800

Listed by Exclusive Realtors
Sold by Realty of America, LLC

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Schools

Schools serving 553 S 3rd St

School District:Kankakee School District 111

Name	Grades	Distance
John Kennedy Middle Grade School 1550 West Calista Street, Kankakee, IL 60901	3-6	0.8 mi
Kankakee Junior High School 2250 East Crestwood Street, Kankakee, IL 60901	7-8	2 mi
Kankakee High School 1200 West Jeffery Street, Kankakee, IL 60901	9-12	1.1 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 553 S 3rd St

Date

Details

Price

Change

Source

12/09/2025

Sold

$170,550

-12.49%

MLS

9/23/2025

Listed

$194,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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553 S 3rd Street, Kankakee, IL 60901 (MLS# 12479360) is a Multi-Family property that was sold at $170,550 on December 09, 2025. Want to learn more about 553 S 3rd 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.

553 S 3rd St Kankakee, IL 60901