307 N 5th Avenue, Kankakee, IL 60901 | MLS 12011465 | Listing Information | J.W. Reedy Realty
Contingent
$79,900

307 N 5th Avenue
Kankakee, IL 60901

Multi-Family
Residential
4
Beds
4
Baths
N/A
Acre Lot
Courtesy: Coldwell Banker Realty
J.W. Reedy Realty> Illinois> Kankakee> 60901
Welcome to 307 and 309 North 5th Avenue in Kankakee, Illinois. This two-unit property presents an opportunity for savvy investors willing to roll up their sleeves and unlock its full potential. With a little rehab and sweat equity, each unit can become a lucrative source of cash flow. Boasting two bedrooms and one and a half bathrooms in each unit, the layout is tailored for rental investment purposes. One unit enjoys exclusive access to the entire basement, adding to its appeal for tenants seeking additional space. While this property isn't turnkey, its underlying value is undeniable. Priced at $40,000 per unit, it offers significant upside potential. Comparable units in the area command rents ranging from $900 to $1,100, indicating promising returns on investment. It's important to note that this is a tax deed sale, and as such, the property must remain on the market for seven days before considering any offers. With a strategic approach to repair and maintenance, this property holds the promise of long-term profitability for discerning investors.
12011465
Residential - Multi-Family, Other
4
4
1900
Kankakee
Public
Vinyl siding
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Coldwell Banker Realty
Listings courtesy of MRED as distributed by MLS GRID

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