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Listed price in listed location currency (USD).
$1,150,000
$1,260,000

000

MLS® 12446043

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
Maintenance Fees $10,000
Taxes $19,056
Approx. Age 1966
MLS® Number 12446043

Property Address: 450 S Dearborn Ave, Kankakee, IL, 60901-5157

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number12446043
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1966
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

Sep 6, 2025End Date
$1,150,000Sold Price

Sold

Aug 18, 2025List Date
$1,260,000List Price
  • Commute

Commute

Starting Address
Destination Address
450 S Dearborn Ave, Kankakee, IL

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