307 N 5th Ave, Kankakee, IL 60901
OFF MARKET

307 N 5th Ave
Kankakee, IL 60901

  • 4 Beds
  • 3 Baths

$119,200

Trulia Estimate
as of May 18, 2026
Est. Refi. Payment $897/mo*
Refinance Your Home

$119,200

Trulia Estimate
as of May 18, 2026
Est. Refi. Payment $897/mo*
Refinance Your Home
4 Beds
3 Baths

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

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 $40,000 per unit, it offers significant upside potential. Comparable units in the area command rents ranging from $900 to $1,100, indicating promising returns on investment. It's important to note that this is a tax deed sale, and as such, the property must remain on the market for seven days before considering any offers. With a strategic approach to repair and maintenance, this property holds the promise of long-term profitability for discerning investors.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from June 21, 2024

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 307 N 5th Ave

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Unfinished,FullNumber of Rooms: 10
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 4Number of Bathrooms (full): 2Number of Bathrooms (half): 2
Heating & Cooling
Heating: Natural GasHas HeatingHeating Fuel: Natural Gas

Exterior Features

Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1900Year Renovated: 1976
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Vinyl SidingNot a New Construction
Property Information
Parcel Number: 16093231101200

Price & Status

Price
List Price: $59,999
Status Change & Dates
Off Market Date: Sat May 18 2024Possession Timing: Negotiable

Location

Direction & Address
City: Kankakee
School Information
Elementary School District: 111Jr High / Middle School District: 111High School District: 111

Agent Information

Buyer Agent
Buyer Company Name: Allison Ascher

Lot Information

Lot Area: 6500 sqft

Listing Info

Special Conditions: None

Offer

Listing Terms: Cash

Business

Business Information
Ownership: Fee Simple

Miscellaneous

BasementMls Number: 12011465Activation Date: Fri Mar 29 2024Back On Market Date: Tue Apr 23 2024

Additional Information

MRD SHARE WITH CLIENTS: Yes
Last check for updates: about 16 hours ago
Listed by Rory Hertzberg, (815) 954-3937
Coldwell Banker Realty
Carson Turner, (815) 662-7292
Coldwell Banker Realty
Bought with: Allison Ascher, (815) 298-4097, Coldwell Banker Realty
Source: MRED as distributed by MLS GRID, MLS#12011465

Price History for 307 N 5th Ave

DatePriceEventSource
06/20/2024$55,000Sold
MRED as distributed by MLS GRID #12011465
05/18/2024$59,999PendingMRED as distributed by MLS GRID #12011465
05/16/2024$59,999PriceChange
MRED as distributed by MLS GRID #12011465
04/27/2024$69,900PriceChange
MRED as distributed by MLS GRID #12011465
04/23/2024$79,900PendingToActiveMRED as distributed by MLS GRID #12011465
04/16/2024$79,900ContingentMRED as distributed by MLS GRID #12011465
03/29/2024$79,900Listed For SaleMRED as distributed by MLS GRID #12011465
09/29/2019$59,900ListingRemovedAgent Provided
05/29/2019$59,900PriceChange
Agent Provided
03/14/2019$64,900Listed For SaleAgent Provided
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Property Tax and Assessment

Year2024
Tax$4,613
Assessment$117,045
Home facts updated by county records

Comparable Sales for 307 N 5th Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
227 S Washington Ave, Kankakee, IL
0.36
Multi-Family Home
$90,000
09/15/25
3
3
-
551 W Hickory St, Kankakee, IL
0.41
Multi-Family Home
$110,000
05/29/25
5
3.5
-
144 N 4th Ave, Kankakee, IL
0.16
Multi-Family Home
$140,000
06/26/25
4
2
-
436 S 4th Ave, Kankakee, IL
0.48
Multi-Family Home
$100,000
04/03/26
4
1
-
341 S 5th Ave, Kankakee, IL
0.38
Multi-Family Home
$105,000
11/24/25
3
2
-
345 S Washington Ave, Kankakee, IL
0.44
Multi-Family Home
$200,000
04/03/26
4
4
-
310 W Merchant St, Kankakee, IL
0.30
Multi-Family Home
$15,000
02/25/26
4
4
-
322 W Merchant St, Kankakee, IL
0.30
Multi-Family Home
$85,000
08/15/25
3
2
-
312 N 5th Ave, Kankakee, IL
0.04
Multi-Family Home
$65,000
02/17/26
3
2
-
242 S Fraser Ave, Kankakee, IL
0.57
Multi-Family Home
$150,000
10/30/25
4
2
-

Assigned Schools

These are the assigned schools for 307 N 5th Ave.
View nearby schools on GreatSchools
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 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.
  • Donna Tymec
    "I use my car everything is accessible with in 2-10 minutes. Buses run till 11 pm. Commute is easy hardly any congestion when traffic comes "
    0
    Flag
  • Vinnie Crump
    "Like that most people are friendly . People have ongoing relationships with neighbors and feel safe. People with dogs seem to respect their neighbors and boundaries don’t leave their dogs outside all evening just letting them bark and bark and bark "
    0
    Flag
  • Sluiterdbm
    "Plenty of people walking dogs in the neighborhood and a park down by the river as well. Very nice neighborhood!"
    0
    Flag
  • Sluiterdbm
    "I’ve lived here for 22 years in the historic district and there are very unique historical homes to enjoy on walks and friendly neighbors. Very beautiful sunsets over the river to enjoy as well!"
    0
    Flag
  • Kathleen Donovan Downey
    "…………Herscher is a great school district. Friendly neighborhood. Nice state park nearby. Safe for kids to play outside. "
    0
    Flag
  • Kevali Amphy
    "I wouldn’t take public transportation unless absolutely necessary. Little to no traffic. State and local police are active."
    0
    Flag
  • Maliknorsworthy
    "ne of the main roles of parents is providing encouragement, support and access to activities that enable a child to master key developmental"
    0
    Flag
  • Olivia Johnson
    "Great access love this community. I am foreign here born and raised. I appreciate everything in this community."
    0
    Flag
  • Lateesakfoster93
    "I’ve Been here all my life..very small and quiet.I will recommend if anyone is looking for a smaller town to live."
    9
    Flag
  • Mark E. H.
    "Great schools and right next to Hawkins Park with a 2/3 mile jogging track. Close to hospitals. Country living. "
    3
    Flag
  • Angela W.
    "It’s run down. People don’t try to improve their property, they do the bare minimum. The Alderman doesn’t enforce anything they just get a check."
    1
    Flag
  • Danniiemarie
    "It’s loud at night where I’m by, parties and drinking plus smoking all through the night. If you want to live here just beware"
    10
    Flag
  • Olivia Q.
    "I don’t like it.hear to many gun shots, have had a package stolen from my front porch and the lighting outside for the streets suck they aren’t bright at all "
    1
    Flag
  • Cristinatrujillo5783
    "No one helps out no one turns in the bad Guys it needs to stop we need to come together to make it town better "
    12
    Flag
  • Kennice B.
    "I lived here for 1 yr it's been pretty quiet nice place to live so far will recommend neighborhood to anyone "
    3
    Flag
  • Cristinatrujillo5783
    "None we have no events and there is always shooting in the area and they go to jail for a week and get out "
    8
    Flag
  • Gerraile
    "There are parks and green spaces but you have to travel through intrepid waters or neighborhoods to get to some. "
    1
    Flag
  • Michelle B.
    "not the best neighborhood, some areas are good some are not so great. Be sure to do your research on the areas before making your decision."
    3
    Flag
  • Ayersloretta53
    "I've lived in this area for six years and it has been going down hill every since. Loud music and roudy people are moving into thr area."
    0
    Flag
  • Nimon B.
    "only one dog in my neighborhood and they pick up after it...but over all it's a really nice neighborhood where I stay at."
    0
    Flag
  • Djsluiter
    "We have a holiday housewalk and are constantly doing special events. For Christmas our neighborhood has just started a parade of lights and in the summer there are bike races and block parties, wine and cheese events etc. "
    2
    Flag
  • Djsluiter
    "Great place with good parks and plenty of areas to walk dogs. There is the Kankakee River that is always a good place to bring dogs. "
    1
    Flag
  • Donnajones287
    "Lived here for almost two years now and this town sucks and the police are even worse. It's not safe here and the hookers walk around with there gas and wash cups to let it know there open for business. "
    0
    Flag
  • Kellielafevor
    "Our community does amazing things. The farmers market, downtown activities, the public library. We love our daycare and preschool in the district. "
    0
    Flag

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Apartments for Rent

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Homes for sale near 307 N 5th Ave

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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

Homes for rent near 307 N 5th Ave

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Off Market Homes Near 307 N 5th Ave

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Explore by feature

307 N 5th Ave, Kankakee, IL 60901 is a 4 bedroom, 4 bathroom multi-family built in 1900. This property is not currently available for sale. 307 N 5th Ave was last sold on Jun 20, 2024 for $55,000 (8% lower than the asking price of $59,999). The current Trulia Estimate for 307 N 5th Ave is $119,200.