265 S Washington Avenue Kankakee, IL 60901

$155,000

New / MLS# 12604531 / Multi Unit - Multiple / Kankakee

6 Beds

2 Baths

Opportunities like this don't come around often. This solid two-unit property in the heart of Kankakee is the definition of a true income-producing asset-already generating nearly $3,000 per month in rental income. Whether you're looking to expand your portfolio or secure a strong cash-flowing investment from day one, this property checks all the boxes. Both units are well-positioned to provide consistent returns, making it an ideal addition for both seasoned investors and those just getting started. The current ownership has maintained the property and is offering it strictly due to relocation, creating a rare chance to step into a performing asset without the typical startup headaches. This is the kind of deal investors wait for-stable, proven, and ready to go. Located in a convenient area with strong rental demand, this property offers the perfect blend of cash flow and long-term upside. Call today to schedule your private showing-48-hour notice required. Serious inquiries only. Buyers must be pre-approved or provide proof of funds prior to showing.

Mortgage Calculator

Get your competitive financing options.

Property Details

Property Type: Multi Unit - Multiple

Basement: Unfinished, Full

Basement: Yes

Heating: Natural Gas

Lot Size: 40X111X45X110

Taxes: $2,775

Year Built: 1910

Feature Descriptions

Exterior: Vinyl Siding

Lot Dimensions: 40X111X45X110

Parcel#: 16093233701600

Sewer: Public Sewer

Total Rooms: 12

Township: Kankakee

Water: Public

Schools

School District: District 111

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

See details and scored characteristics about this location.

Disclaimer

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/31/2026. The listing information on this page last changed on 03/31/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 03/31/2026 2:15:51 AM EST) or MRED MLS (last updated Tue 03/31/2026 2:04:05 AM EST) or NIRA MLS (last updated Mon 03/30/2026 11:26:27 AM EST) or METROMLS (last updated Tue 03/31/2026 12:39:22 AM EST) or Miami MLS (last updated Tue 03/31/2026 12:28:29 AM EST) or Stellar MLS (last updated Tue 03/31/2026 1:58:55 AM EST) or SPC MLS (last updated Mon 03/30/2026 11:20:19 PM EST) or Emerald Coast MLS (last updated Tue 03/31/2026 12:05:22 AM EST) or Fort Myers (last updated Mon 03/30/2026 11:04:34 PM EST) or Beaches MLS (last updated Tue 03/31/2026 2:05:46 AM EST) or Naples MLS (last updated Mon 03/30/2026 11:40:32 PM EST) or Bonita Springs MLS (last updated Mon 03/30/2026 11:02:25 PM EST). Real estate listings held by brokerage firms other than Baird & Warner may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

Listing data and photos distributed by MLSGRID
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. 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.

Privacy Policy / DMCA Notice / ADA Accessibility

Listing Office: Village Realty, Inc

Listing Office Phone: 708-478-1212