273 S 3rd Ave
Kankakee, IL 60901
6 Beds
3 Baths
6 Beds
3 Baths
Local Information
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Description
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.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
32 days ago
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 |
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Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Days on Market: 32 |
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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 |
Last check for updates: about 2 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.
Price History for 273 S 3rd Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 05/05/2026 | $160,000 | Contingent | MRED as distributed by MLS GRID #12610981 |
| 04/06/2026 | $160,000 | Listed For Sale | MRED as distributed by MLS GRID #12610981 |
| 11/10/2025 | $160,000 | ListingRemoved | MRED as distributed by MLS GRID #12207145 |
| 02/14/2025 | $160,000 | PendingToActive | MRED as distributed by MLS GRID #12207145 |
| 11/16/2024 | $160,000 | Contingent | MRED as distributed by MLS GRID #12207145 |
| 11/09/2024 | $160,000 | Listed For Sale | MRED as distributed by MLS GRID #12207145 |
| 07/13/2018 | $75,000 | Sold | MRED as distributed by MLS GRID #09764348 |
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Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | $3,138 |
| Assessment | $79,626 |
Home facts updated by county records
Comparable Sales for 273 S 3rd Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.08 | Multi-Family Home | $90,000 | 09/15/25 | 3 | 3 | - | |
0.20 | Multi-Family Home | $110,000 | 05/29/25 | 5 | 3.5 | - | |
0.05 | Multi-Family Home | $85,000 | 08/15/25 | 3 | 2 | - | |
0.16 | Multi-Family Home | $100,000 | 04/03/26 | 4 | 1 | - | |
0.20 | Multi-Family Home | $140,000 | 06/26/25 | 4 | 2 | - | |
0.14 | Multi-Family Home | $100,000 | 09/29/25 | 2 | 2 | - | |
0.05 | Multi-Family Home | $15,000 | 02/25/26 | 4 | 4 | - | |
0.49 | Multi-Family Home | $120,000 | 08/22/25 | 4 | 3 | - | |
0.11 | Multi-Family Home | $200,000 | 04/03/26 | 4 | 4 | - | |
0.16 | Multi-Family Home | $105,000 | 11/24/25 | 3 | 2 | - |
Assigned Schools
These are the assigned schools for 273 S 3rd Ave.
- Kankakee High School
- 9-12
- Public
- 1221 Students
4/10GreatSchools RatingParent Rating AverageThis school sucks all of our good teachers are leaving. The two deans who are really good left and one of the best assistant principals left too. The principal and the other assistant principal are not that good. They don't know us students and they can't relate to us. It's like all the people that cared about us were forced to leave. I wish my mom would move away from here so i can go to a better school.Student Review10y ago - Kankakee Junior High School
- 7-8
- Public
- 499 Students
4/10GreatSchools RatingParent Rating AverageTHEY DONT EVEN KNOW WHAT THE DRESS CODE IS, THEY ARE LITERALLY DRESS CODING KIDS OVER PLAIN WHITE SHIRTS WHICH IS PART OF THE DRESS CODE AND THEY ARE DOING SATURDAY SCHOOL. DO NOT AND I MEAN DO NOT SEND YOUR KIDS HEREParent Review8mo ago - John Kennedy Middle Grade School
- 2-6
- Public
- 518 Students
3/10GreatSchools RatingParent Rating Average
No reviews available for this school. 
Check out schools near 273 S 3rd Ave.
What Locals Say about Kankakee
At least 210 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
Learn more about our methodology.
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
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.