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$ 939,000
Est. payment | /mo
$ 939,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12377050
Maintenance Fees $12,000
Year Built 1967
Annual Tax Amount $13,810
Tax Year 2023
Lot Dimensions 50X150
Property Sub-Type Multi Family 5+
Property Description
Here's a rare opportunity to own a well-maintained 12-unit multifamily property right in the heart of Kankakee's residential West Side. Located at 390 W Walnut Street, this all-brick, low-rise building has solid bones and offers a steady income stream with room for upside. Each unit is 1 or 2 bedrooms with 1 bath, featuring clean finishes, updated appliances, and tenant-paid electric. The building is zoned MF (Multifamily Residential), and it sits on a quiet, tree-lined block that still offers easy access to downtown, the riverfront, and I-57. Tenants appreciate the off-street parking and on-site laundry, and with several long-term residents already in place, it's a smooth addition to any rental portfolio. This one's a strong performer in a neighborhood where inventory like this doesn't hit the market often. If you're looking for a solid investment in Kankakee that's already up and running-this is worth a closer look.
Location
State IL
County Kankakee
Area Kankakee
Zoning MULTI
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Stephen Styck • Styken Real Estate and Property Management
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
managingbroker@legacypropertiesil.com
2325 Dean St, Suite 900, St Charles, Illinois, 60175, USA