This solid two unit investment property offers exceptional income potential, with each spacious three bedroom unit boasting over thirteen hundred square feet of living space. Durable vinyl siding and vinyl windows complement a roof less than five years old, while a large attic presents exciting potential for conversion into a third unit. Utilities are separately metered, with tenants responsible for all costs except sewer and garbage, and current rents of twelve hundred dollars per unit with matching security deposits make this a turnkey opportunity for any investor. Ideally located near the local farmers market and the river, this property combines strong cash flow with genuine long term upside. Don't miss your chance to add this promising investment to your portfolio.
Active
$139,000
355 E Bourbonnais St, Kankakee, IL 60901
6beds
--sqft
:
Get pre-qualified$1,062/mo
Multi Family
Built in 1903
-- sqft lot
$138,800 Zestimate®
$--/sqft
$-- HOA
What's special
Vinyl windowsDurable vinyl sidingSpacious three bedroom unit
- 5 days |
- 202 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Paul Kirkpatrick 815-405-2964,
Exclusive Realtors
Source: MRED as distributed by MLS GRID,MLS#: 12727256
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas
Appliances
- Included: Multiple Water Heaters, Gas Water Heater
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 2
- Parking features: Off Alley, Yes
Lot
- Size: 4,791 Square Feet
- Dimensions: 50X100
Details
- Parcel number: 161705114018
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1903
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
- Security: Carbon Monoxide Detector(s)
Location
- Region: Kankakee
Financial & listing details
- Tax assessed value: $96,537
- Annual tax amount: $3,804
- Date on market: 8/7/2026
- Ownership: Fee Simple
Estimated market value
$138,800
$132,000 - $146,000
$2,040/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2026 | Listed for sale | $139,000+15.8% |
Source:  MRED as distributed by MLS GRID #12727256 Report a problem | ||
| 7/30/2024 | Sold | $120,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,804 +3.8% | $32,179 +12.3% |
| 2023 | $3,666 +7.5% | $28,667 +14.2% |
| 2022 | $3,410 +6% | $25,092 +10.5% |
| 2021 | $3,218 +7.8% | $22,707 +11.2% |
| 2020 | $2,985 +4.9% | $20,411 +7.5% |
| 2019 | $2,845 -7.3% | $18,987 +8% |
| 2018 | $3,068 | $17,580 +2.2% |
| 2017 | $3,068 +6.7% | $17,194 +2% |
| 2016 | $2,876 +3.5% | $16,857 -2% |
| 2015 | $2,778 | $17,201 -12% |
| 2014 | $2,778 | $19,546 -4% |
| 2013 | -- | $20,361 -4.5% |
| 2012 | -- | $21,324 -22.9% |
| 2011 | -- | $27,646 -17.6% |
| 2009 | $3,834 +7.7% | $33,563 |
| 2008 | $3,560 | $33,563 +49.6% |
| 2002 | -- | $22,432 +4.3% |
| 2001 | -- | $21,497 |
| 2000 | -- | $21,497 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 60901
Nearby schools
GreatSchools rating
- 2/10Steuben Elementary SchoolGrades: PK-3Distance: 0.4 mi
- 4/10Kankakee Junior High SchoolGrades: 7-8Distance: 1.5 mi
- 4/10Kankakee High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Middle: Kankakee Junior High School
- High: Kankakee High School
- 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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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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