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$2,240,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • Updated 4 hours ago
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For Sale - 32 Unit Property in a great area of Kankakee. The units are all 2 Bed/1 Bath & the building is fully electric, with tenants paying heat, and in unit electric. Landlord is responsible for the water, sewer, garbage and common electric. All of the electric panels have been recently upgraded.

Full Property Details for 751 N 5th Ave

General

  • Price: $2,240,000
  • HOA FEE: $16,000
  • Taxes: $37,794 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12586998
  • Updated: Today (3/9/2026)
  • Added to Site: Today

Location

  • Area: Kankakee
  • County: Kankakee
  • Driving Directions: Head South on Kennedy Drive, make a left on 5th Ave, property is on the Right

Heating & Cooling

  • Heating Type: Electric, Baseboard, Separate per Unit

Utilities

  • Trash: 5500

Structural Information

  • Stories/Levels: 2
  • Year Built: 1976
  • Built Before 1978: Yes

Lot Features

  • Lot Size (Acres): 1.68
  • Lot Dimensions: 300 x 200

Financial Considerations

  • Maint. Fee: $16,000
  • Insurance Fee: $25,000
  • Operating Expenses: $139,339
  • Other Fee: $5,000
  • Assessment Year: 1976
  • Tax Amount: $37,794
  • Tax Year: 2024
  • Pays Electric: 7000
  • Pays Trash: 5500

Disclosures and Reports

  • Property ID: 16093210603400

Listed by Horvath & Tremblay IL, LLC

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Listing agent

— 751 N 5th Ave —

  • Horvath & Tremblay IL, LLC

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NMLS#: 1598647

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

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

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

Schools serving 751 N 5th Ave

School District:Kankakee School District 111
NameGradesDistance
John Kennedy Middle Grade School
1550 West Calista Street, Kankakee, IL 60901
3-61.3 mi
Kankakee Junior High School
2250 East Crestwood Street, Kankakee, IL 60901
7-82.4 mi
Kankakee High School
1200 West Jeffery Street, Kankakee, IL 60901
9-121.8 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 751 N 5th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/09/2026
Listed
$2,240,000
17.89%
MLS
4/11/2024
Sold
$1,900,000
—
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 751 N 5th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$37,795
-8%
$319,681
—
2023
$40,876
-6%
$319,681
—
2022
$43,441
-4%
$319,681
—
2021
$45,306
-3%
$319,681
—
2020
$46,758
-2%
$319,681
—
2019
$47,905
-4%
$319,681
—
2018
$49,815
-13%
$319,681
—
2017
$57,047
5%
$319,681
—
2016
$54,532
-5%
$319,681
-10%
2015
$57,359
—
$355,201
—
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 Horvath & Tremblay IL, LLC

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751 N 5th Avenue, Kankakee, IL 60901 (MLS# 12586998) is a Commercial property. 751 N 5th Avenue is currently listed for $2,240,000 and was received on March 09, 2026. Want to learn more about 751 N 5th Avenue? Do you have questions about finding other Commercial 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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