Home Highlights
Multi-Family
Built in 1895
Local Information
- Map ViewExplore the area around 273 S 3rd Ave.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
Prime Investment Opportunity: Fully-Leased Income Property in Kankakee, IL. This property offers cash flow with full occupancy, generating a total monthly rent of 2,740 across all units. Each unit is fully leased as follows:273 S 3rd Ave, Unit 1: Rented at 950/month 275 S 3rd Ave, Unit 1: Rented at 850/month 275 S 3rd Ave, Unit 2: Rented at 790/month This turn-key investment is ideal for portfolio growth, with stable, long-term tenants under active leases, ensuring immediate and ongoing revenue. Don't miss out on this fully-leased property delivering 2,590 in monthly rent right from the start! The interior photos are of Units 2 and 3, taken prior to the tenants moving in.
Last check for updates: about 3 hours ago
Listing courtesy of: Isaiah Green, (815) 953-2751
Green Real Estate
Source: MRED as distributed by MLS GRID, MLS#12610981
Also Listed on MRED as distributed by MLS GRID.
Home Details for 273 S 3rd Ave
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MLS Status: Contingent |
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Interior Details Basement: Unfinished,FullNumber of Rooms: 20 |
Beds & Baths Number of Bedrooms: 6Number of Bathrooms: 3Number of Bathrooms (full): 3 |
Heating & Cooling Heating: Natural GasHas HeatingHeating Fuel: Natural Gas |
View No View |
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Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Days on Market: 167 |
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Year Built Year Built: 1895 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Vinyl SidingNot a New Construction |
Property Information Parcel Number: 16093233502600 |
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Price List Price: $160,000 |
Status Change & Dates Possession Timing: Close Of Escrow |
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Direction & Address City: Kankakee |
School Information Elementary School District: 111Jr High / Middle School District: 111High School District: 111 |
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Listing Agent Listing ID: 12610981 |
Buyer Agent Buyer Company Name: The Hertzberg Group |
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Lot Area: 3484.8 sqft |
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Special Conditions: None |
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Contingencies: Attorney/Inspection |
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Business Information Ownership: Fee Simple |
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BasementMls Number: 12610981Zillow Contingency Status: Under Contract |
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Source Internet Consumer CommentSource Internet Entire Listing DisplayMRD IDX Comments Reviews: YesMRD Listing On IDX Display: YesMRD AVM On IDX Display: YesMRD Address On VOW Display: YesSource Internet Automated Valuation DisplayMRD Price History On IDX Display: YesMRD Market Time On IDX Display: YesMRD REMARKSINTERNET: YesSource Internet Address DisplayMRD Remarks On VOW Display: Yes |
Around this home
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.
What Locals Say about Kankakee
At least 211 Trulia users voted on each feature.
85 % Say car is needed
80 % Say parking is easy
79 % Say yards are well-kept
75 % Say there are sidewalks
67 % Say it's dog friendly
64 % Say there's holiday spirit
60 % Say kids play outside
51 % Say neighbors are friendly
50 % Say it's quiet
46 % Say it's walkable to restaurants
44 % Say there's wildlife
44 % Say streets are well-lit
43 % Say they plan to stay for at least 5 years
40 % Say it's walkable to grocery stores
38 % Say people would walk alone at night
25 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in Kankakee
Last updated August 2026
Avg. sale price
$185K
$25KMoM
Sale-to-List Price
—
Price per sq ft
—
Available listings
91
13MoM
Home Value
Trulia Estimate
$154KSince last month
Decreased$700 (-0.5%)Since last year
Increased$400 (+0.3%)Since last sale
Increased$79K (+105.2%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +506% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $154K |
| August 2026 | $155K |
| July 2026 | $155K |
| June 2026 | $153K |
| May 2026 | $154K |
| April 2026 | $153K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.16 | Multi-Family Home | $100,000 | 04/03/26 | 4 | 1 | - | |
0.14 | Multi-Family Home | $100,000 | 09/29/25 | 2 | 2 | - | |
0.05 | Multi-Family Home | $15,000 | 02/25/26 | 4 | 4 | - | |
0.11 | Multi-Family Home | $200,000 | 04/03/26 | 4 | 4 | - | |
0.16 | Multi-Family Home | $105,000 | 11/24/25 | 3 | 2 | - | |
0.26 | Multi-Family Home | $170,550 | 12/09/25 | 4 | 1 | - | |
0.08 | Multi-Family Home | $156,000 | 05/07/26 | 6 | 2 | - | |
0.58 | Multi-Family Home | $45,000 | 05/11/26 | 6 | 2 | - | |
0.48 | Multi-Family Home | $135,000 | 05/27/26 | 4 | 2 | - | |
0.69 | Multi-Family Home | $100,000 | 12/23/25 | 3 | 2 | - |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.04 | $155,300 | 13 | 4 | - | Off Market | |
0.04 | - | 8 | - | - | Off Market | |
0.04 | $113,300 | 4 | 1.5 | 1,500 | Off Market | |
0.05 | $146,800 | 4 | 4 | - | Off Market | |
0.04 | $83,400 | 3 | 2 | - | Off Market | |
0.05 | $15,000 | 4 | 4 | - | Recently Sold | |
0.05 | $103,000 | 3 | 2 | - | Off Market | |
0.08 | $167,300 | 4 | 3 | - | Off Market | |
0.07 | $239,000 | 4 | 4 | - | For Sale | |
0.08 | $124,000 | 3 | 2 | 1,743 | Off Market | |
0.08 | $116,700 | 3 | 3 | - | Off Market | |
0.08 | $156,000 | 6 | 2 | - | Recently Sold |
Price and Tax history
| Date | Event | Price |
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May 20, 2026 Source: MRED as distributed by MLS GRID #12610981 | ListingRemoved | $160,000 |
May 5, 2026 Source: MRED as distributed by MLS GRID #12610981 | Contingent | $160,000 |
Apr 6, 2026 Source: MRED as distributed by MLS GRID #12610981 | Listed For Sale | $160,000 |
Nov 10, 2025 Source: MRED as distributed by MLS GRID #12207145 | ListingRemoved | $160,000 |
Feb 14, 2025 Source: MRED as distributed by MLS GRID #12207145 | PendingToActive | $160,000 |
Nov 16, 2024 Source: MRED as distributed by MLS GRID #12207145 | Contingent | $160,000 |
Nov 9, 2024 Source: MRED as distributed by MLS GRID #12207145 | Listed For Sale | $160,000 |
Jul 13, 2018 Source: MRED as distributed by MLS GRID #09764348 | Sold | $75,000 |
| Year | Property tax | Tax assessment |
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| 2024 | $3,138 | $79,626 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Isaiah Green, Green Real Estate
Agent Phone: (815) 953-2751
Based on information submitted to the MLS GRID as of 2026. 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. Click here for more information
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Frequently asked questions about 273 S 3rd Ave
- What is the estimated monthly payment for 273 S 3rd Ave?Based on a $160,000 list price with 20% down at today's rates, the estimated monthly payment for 273 S 3rd Ave in Kankakee, IL is approximately $1,248 (about $876 principal & interest, $297 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 273 S 3rd Ave compare to homes in Kankakee?273 S 3rd Ave in Kankakee, IL is listed at $160,000, about 14% below the $185K median sale price in Kankakee.
- What do residents say about Kankakee?Residents describe Kankakee, IL as easy to park in, well-kept, and pedestrian-friendly. See homes for sale in Kankakee, IL.
- What are the closest schools to 273 S 3rd Ave?The closest schools to 273 S 3rd Ave in Kankakee, IL are John Kennedy Middle Grade School (Elementary, rated 3/10), Kankakee High School (rated 4/10), Kankakee Junior High School (rated 4/10).
273 S 3rd Ave, Kankakee, IL 60901 is a 6 bedroom, 3 bathroom multi-family built in 1895. This property is currently available for sale and was listed by MRED as distributed by MLS GRID on Apr 6, 2026. The MLS # for this home is MLS# 12610981.