Welcome to 307 and 309 North 5th Avenue in Kankakee, Illinois. This two-unit property presents an opportunity for savvy investors willing to roll up their sleeves and unlock its full potential. With a little rehab and sweat equity, each unit can become a lucrative source of cash flow. Boasting two bedrooms and one and a half bathrooms in each unit, the layout is tailored for rental investment purposes. One unit enjoys exclusive access to the entire basement, adding to its appeal for tenants seeking additional space. While this property isn't turnkey, its underlying value is undeniable. Priced at$40, 000per unit, it offers significant upside potential. Comparable units in the area command rents ranging from $900 to$1, 100,indicating promising returns on…
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The average household income in
Kankakee, IL
grew
from
$33,931
to
$35,601
in the past year. This data is an estimate based upon
9,045
households in
Kankakee, IL. The chart below presents how household income is distributed in
Kankakee, IL
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Kankakee, IL
compared to median property taxes around the country. The prevalent amount of property taxes in
Kankakee, IL
equals
$3k+
, which is
less
than the national average.