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$1,150,000

450 S Dearborn Avenue
Kankakee, Illinois 60901

Closed / MLS #12446043 / Multiple Family / Kankakee
Listing information updated 10/26/2025 at 9:03pm
19 Units - 3 buildings, Located less than 2 blocks from Phase 1 of the Kankakee Riverfront Revitalization project, close to shopping, expressway, downtown area, 2 1/2 blocks to Kankakee Farmers Market, plus plenty of restaurants, this Investment Opportunity consists of 3 buildings totaling 19 units. 2024 Real Estate taxes $ 19,055.84 for all 3 buildings. All tenants have access to laundry room facilities located in building 450 (washers/dryers are leased). In addition there is a 5 car garage for additional income/owner use. Tenants responsible their own electric. Owner pays electric for common areas of Building 450, Water & refuse & Gas for all 3 buildings. 450 Dearborn is a brick 12 unit building consisting of 10-2 bedroom units, 2 - 1 bedroom units, roof replaced approx 2017-2018. Building 440 (16-17-05-114-004), windows 2024-2025, Vinyl siding 8/25 and consists of 3 units. Building 466 (16-17-05-114-022) is a brick/stone & siding 4 unit consisting of all 1 bedroom units. Roof & Siding replaced in 2018. Tenants in building 466 have central air. See feature sheet / rent roll for full details. Building Ages of 440 & 466 is unknown. Units in building 440 & 450 have wall or window a/c units (many newer units). 12 unit is serviced by hot water heat (included in rent), 440 & 466 have forced air heat.
Exterior Type:
Brick,Wood,Vinyl Siding
Basement:
Unfinished
Water Front:
No
Square Feet:
N/A
Built:
1966
Cooling System:
Central Air,Wall Sleeve,Window Unit(s)
Stories:
2
Current Use:
Multi-Family
Zoning:
MULTI
Unit 1:
5 room(s) / 2 bed(s) / 1 bath(s)
Unit 2:
4 room(s) / 1 bed(s) / 1 bath(s)
Tax Amount:
$19,055
Tax Year:
2024
Zip Code:
60901
City:
Kankakee
County:
Kankakee

Listing Office: HomeSmart Realty Group

Listing Office Phone: 708.320.0002

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/26/2025 at 9:03pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

$179,432
Average Sale Price
101
Average Days On The Market
94%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 450 S Dearborn Avenue, Kankakee, IL 60901
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450 S Dearborn Avenue, Kankakee, IL 60901 is a multiple family which sold for $1,150,000. This multiple family has been listed on @properties Christie's International Real Estate since August 17th, 2025 and was built in 1966.

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