KANKAKEE - 2 UNIT APARTMENT BUILDING - Excellent income producing property. 1 - 1 bedroom/1 bathroom unit and 1 - 2 bedroom/1 bathroom unit in good condition at great rental rates. Current rental license up to date. 2 neighboring properties also available for a total of 10 units all adjacent, see MLS #12183285, #12183734, and#12195146 for other property details. Near Downtown Kankakee, Farmers Market and Financial District of Kankakee. Great opportunity! Call Today!
Closed
$85,000
322 W Merchant St, Kankakee, IL 60901
3beds
--sqft
Multi Family
Built in 1885
-- sqft lot
$-- Zestimate®
$--/sqft
$1,407 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,407/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 19, 2025 at 09:32am
Listing courtesy of:
Jay Tamblyn 815-929-9381,
McColly Bennett Real Estate
Bought with:
Jay Tamblyn
McColly Bennett Real Estate
Source: MRED as distributed by MLS GRID,MLS#: 12313873
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 4
- Parking features: Off Street, Off Site, Other
Lot
- Size: 2,012 sqft
- Dimensions: 40.25X50
Details
- Parcel number: 16093233502000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1885
- Major remodel year: 2023
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Kankakee
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2025 | Sold | $85,000-5.6% |
Source:  MRED as distributed by MLS GRID #12313873 | ||
| 7/3/2025 | Listing removed | $800 |
Source: Zillow Rentals | ||
| 6/24/2025 | Contingent | $90,000 |
Source: MRED as distributed by MLS GRID #12313873 | ||
| 5/28/2025 | Price change | $90,000-5.3% |
Source: MRED as distributed by MLS GRID #12313873 | ||
| 5/22/2025 | Price change | $800-5.9% |
Source: Zillow Rentals | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,590 +3.8% | $21,904 +12.3% |
| 2023 | $2,495 +7.5% | $19,513 +14.2% |
| 2022 | $2,321 +6% | $17,080 +10.5% |
Find assessor info on the county website
Neighborhood: 60901
Nearby schools
GreatSchools rating
- 1/10John Kennedy Middle Grade SchoolGrades: 2-6Distance: 0.9 mi
- 2/10Kankakee Junior High SchoolGrades: 7-8Distance: 2 mi
- 2/10Kankakee High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- District: 111
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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