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271-5 N West Avenue Kankakee, IL 60901 Multi Unit - Multiple Contingent

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Description

Perfect INVESTMENT opportunity! RARE side by side two unit offering 3 beds & 1 bath on each side, and every unit comes with its own separate private basement complete with washer and dryer and plenty of room for storage. There is no shared space between units! The expenses stay clean and predictable because tenants cover their own gas, electric, and water while the owner is responsible for sewer only. Each side runs on its own furnace and water heater, with a new central air added to unit 275 in 2025. Property has new roof (2026), and the damaged siding is already scheduled for replacement before closing. Unit 275 has been refreshed with new flooring, a new kitchen countertop, an updated bathroom, and fresh paint, and the stove and refrigerator stay. The opposite side is rented month to month at a rent well below market, which means the upside is sitting there waiting for the next owner to claim it. Rent roll available upon request. Minutes from Downtown Kankakee, restaurants, shops, and gas. Sold as-is. Live in one side and let the other help carry the payment, or run both and let them work for you!

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 6
Bathrooms: 2
County: Kankakee
Listed By:
Coldwell Banker Realty 815-933-9700
MRED MLS
$177,000
Est. $1,241/mo
6beds
2baths
Contingent
BEDS6 BATHS2 full MLS#12732557
STATUSContingent PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 111

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271-5 N West Avenue, Kankakee, IL 60901.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $177,000$177,000$177,000
Down Payment $35,400$6,195$44,250
Monthly Mortgage Amount $895$1,099$1,111
Taxes $246$246$246
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$78$0
Monthly Estimated Total $1,241$1,522$1,457

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