327 E Water St, Kankakee, IL 60901
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OFF MARKET

327 E Water St
Kankakee, IL 60901

  • 2 Beds
  • 1 Bath
  • 1,000 sqft

$178,200

Trulia Estimate
as of Aug 15, 2026
Est. Refi. Payment $1,317/mo*
Refinance Your Home

$178,200

Trulia Estimate
as of Aug 15, 2026
Est. Refi. Payment $1,317/mo*
Refinance Your Home
2 Beds
1 Bath
1,000 sqft

Home Value

Trulia Estimate
$178K
Since last month
Increased$900 (+0.5%)
Since last year
Increased$44K (+32.8%)
Since last sale
Increased$8K (+4.8%)
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 +120% in the last 10 years
MonthEstimated value
2026
August 2026$178K
July 2026$178K
June 2026$177K
May 2026$176K
March 2026$175K
February 2026$175K
January 2026$173K
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
881 S Dearborn Ave, Kankakee, IL
0.07
Single-Family Home
$41,041
11/14/25
2
1
968
974 S Washington Ave, Kankakee, IL
0.30
Single-Family Home
$63,333
01/27/26
2
1
984
940 S Washington Ave, Kankakee, IL
0.29
Single-Family Home
$63,000
10/02/25
2
1
1,400
1065 S Poplar Ave, Kankakee, IL
0.73
Single-Family Home
$163,800
02/17/26
2
1
999
1035 S 3rd Ave, Kankakee, IL
0.43
Single-Family Home
$154,900
07/31/26
3
1
1,802
1217 S 7th Ave, Kankakee, IL
0.77
Single-Family Home
$169,900
09/05/25
2
1
1,073

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
881 S Dearborn Ave, Kankakee, IL 60901
0.07
$41,041
2
1
968
Recently Sold
904 S Schuyler Ave, Kankakee, IL 60901
0.12
$152,700
3
1
1,806
Off Market
331 E Water St, Kankakee, IL 60901
0.13
$385,000
3
2
2,300
Recently Sold
187 E Water St, Kankakee, IL 60901
0.13
$311,000
3
2
1,550
Recently Sold
946 S Schuyler Ave, Kankakee, IL 60901
0.14
$134,900
3
3
-
For Sale
687 S Harrison Ave, Kankakee, IL 60901
0.14
$481,200
4
2.5
3,277
Off Market
247 E Hawkins St, Kankakee, IL 60901
0.16
$169,700
2
2
2,080
Off Market
727 S Chicago Ave, Kankakee, IL 60901
0.19
$276,700
4
2.5
2,900
Off Market
1032 S East Ave, Kankakee, IL 60901
0.25
$145,000
2
1
7,500
Recently Sold
620 Park Pl, Kankakee, IL 60901
0.24
$307,800
4
2.5
2,674
Off Market
529 S Indiana Ave, Kankakee, IL 60901
0.24
$135,000
4
2
-
Recently Sold

Local Information

  • Map ViewExplore the area around 327 E Water St.
  • Schools2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1925
Living Area
1,000 sqft
Price/Sqft
$178
Parking
4 Parking Spaces

About this House

Nothing beats a river view in your backyard--- Welcome to 327 E Water St. featuring 2 bedrooms, 1 bathroom, and waterfront views for days! Start by enjoying the feel of the outdoors by soaking up the sun and river breeze in the oversized enclosed sun porch! This leads into the spacious living/dining room offering hardwood flooring throughout, and a large slider door to access the back deck. The kitchen provides functionality and ample cabinets for storage needs. Around the corner are the two nice sized bedrooms that share a neat and tidy bathroom with a free-standing soaking tub. There is an unfinished attic space that can be used for storage or possibly finishing down the line, into a third bedroom or extra living space. The unfinished basement houses the laundry facilities and is perfect for storage. Heading outside is the real GEM! Enjoy the river view from your new deck that leads right down to the water's edge. A pad is already in place for a dock to be added, and this is located on the BOATABLE part of the river! Across the way, you will find the Frank Lloyd Wright House and views of the new Riverwalk, starting to take shape. Embrace all the boating, fishing, and local trails this waterfront property has to offer! Furnace and AC new in 2024 and newer roof too. This is the kind of view you never get tired of, so call TODAY to schedule your private showing!
327 E Water St, Kankakee, IL 60901 is a 2 bedroom, 1 bathroom, 1,000 sqft single-family home built in 1925. It last sold for $169,950 on Oct 1, 2025 (3% above the $165,000 asking price). It is currently off market. The Trulia Estimate is $178,200, with a rent estimate of $1,504/month.

Home Details for 327 E Water St

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Unfinished,FullNumber of Rooms: 5Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Enclosed Porch, Family Room, Kitchen, Laundry, Living Room
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 1000 Square Feet
Appliances & Utilities
Appliances: Range, Dishwasher, RefrigeratorDishwasherLaundry: In UnitRefrigerator
Heating & Cooling
Heating: Natural Gas,Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
No Spa
Windows, Doors, Floors & Walls
Flooring: Hardwood
Levels, Entrance, & Accessibility
Stories: 1Accessibility: No Disability AccessFloors: Hardwood
View
Has a ViewView: Water, Back of Property

Exterior Features

Exterior Home Features
Roof: AsphaltPatio / Porch: DeckOther Structures: Shed(s)
Parking & Garage
No Attached GarageParking Spaces: 4Parking: Off Street,On Site,Owned
Frontage
WaterfrontWaterfront: River Front, WaterfrontOn Waterfront
Water & Sewer
Sewer: Public Sewer
Farm & Range
Includes Irrigation Water Rights

Property Information

Year Built
Year Built: 1925
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: Vinyl Siding, StoneNot a New ConstructionNo Additional Parcels
Property Information
Parcel Number: 16170530801000

Price & Status

Price
List Price: $165,000
Status Change & Dates
Off Market Date: Mon Aug 25 2025Possession Timing: Close Of Escrow

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

Building

Building Area
Building Area: 1000 Square Feet

Community

Community Features: Water Rights, Curbs, Sidewalks, Street Lights, Street Paved

HOA

HOA Fee Includes: None

Lot Information

Lot Area: 6098.4 sqft

Listing Info

Special Conditions: None

Offer

Listing Terms: Conventional

Business

Business Information
Ownership: Fee Simple

Miscellaneous

BasementMls Number: 12451345Water ViewWater View: Water, Back of Property

Additional Information

Water RightsCurbsSidewalksStreet LightsStreet PavedSource Internet Entire Listing DisplayMRD REMARKSINTERNET: YesSource Internet Address Display
Last check for updates: about 17 hours ago
Listed by Allison Ascher, (815) 298-4097
Coldwell Banker Realty
Bought with: Ashley Zalewski, (708) 296-3109, Coldwell Banker Realty
Source: MRED as distributed by MLS GRID, MLS#12451345

Price and Tax history

DateEventPrice
Oct 1, 2025
Source: MRED as distributed by MLS GRID #12451345
Sold
$169,950
Aug 25, 2025
Source: MRED as distributed by MLS GRID #12451345
Contingent
$165,000
Aug 22, 2025
Source: MRED as distributed by MLS GRID #12451345
Listed For Sale
$165,000

Market trends in Kankakee

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$160K
$4.48KMoM
Sale-to-List Price
98.8%
Price per sq ft
$116
Available listings
78
3MoM
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Around this home

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.
  • 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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Homes for sale near 327 E Water St

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Off Market Homes Near 327 E Water St

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Frequently asked questions about 327 E Water St

  • What is 327 E Water St estimated to be worth?
    Trulia's estimated value for 327 E Water St in Kankakee, IL is $178,200.
  • What is the price history for 327 E Water St?
    327 E Water St in Kankakee, IL last sold for $169,950 in October 2025.
  • Is Kankakee a buyer's or seller's market?
    Kankakee is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Kankakee?
    The median sale price in Kankakee is $160K. That is up $4.48K from the prior month.
  • Does 327 E Water St have air conditioning?
    Yes, 327 E Water St in Kankakee, IL has air conditioning.
  • Does 327 E Water St have laundry facilities?
    Yes, 327 E Water St in Kankakee, IL has laundry facilities.
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