397 E Water St, Kankakee, IL 60901
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Property image
OFF MARKET

397 E Water St
Kankakee, IL 60901

  • 2 Beds
  • 1.5 Baths
  • 1,504 sqft

$188,900

Trulia Estimate
as of Aug 13, 2026

$188,900

Trulia Estimate
as of Aug 13, 2026
2 Beds
1.5 Baths
1,504 sqft

Home Value

Trulia Estimate
$189K
Since last month
Decreased$2K (-1.3%)
Since last year
Decreased$32K (-14.5%)
Since last sale
Increased$59K (+45.3%)
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 +131% in the last 10 years
MonthEstimated value
2026
August 2026$189K
July 2026$190K
June 2026$191K
May 2026$191K
April 2026$188K
March 2026$187K
February 2026$184K
January 2026$182K
2025
2024
2023
2022
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
327 E Water St, Kankakee, IL
0.08
Single-Family Home
$169,950
10/01/25
2
1
1,000
881 S Dearborn Ave, Kankakee, IL
0.09
Single-Family Home
$41,041
11/14/25
2
1
968
940 S Washington Ave, Kankakee, IL
0.31
Single-Family Home
$63,000
10/02/25
2
1
1,400
904 S 4th Ave, Kankakee, IL
0.46
Single-Family Home
$100,000
08/22/25
2
3
1,488
1035 S 3rd Ave, Kankakee, IL
0.45
Single-Family Home
$154,900
07/31/26
3
1
1,802
866 S Evergreen Ave, Kankakee, IL
0.47
Single-Family Home
$130,000
10/10/25
4
1.5
1,700
837 S 4th Ave, Kankakee, IL
0.50
Single-Family Home
$180,000
11/26/25
3
2
1,672
974 S Washington Ave, Kankakee, IL
0.32
Single-Family Home
$63,333
01/27/26
2
1
984
331 E Water St, Kankakee, IL
0.06
Single-Family Home
$385,000
05/27/26
3
2
2,300
1134 S Myrtle Ave, Kankakee, IL
0.60
Single-Family Home
$175,000
06/05/26
2
1.5
1,000

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
331 E Water St, Kankakee, IL 60901
0.06
$385,000
3
2
2,300
Recently Sold
327 E Water St, Kankakee, IL 60901
0.08
$178,200
2
1
1,000
Off Market
881 S Dearborn Ave, Kankakee, IL 60901
0.09
$41,041
2
1
968
Recently Sold
946 S Schuyler Ave, Kankakee, IL 60901
0.13
$134,900
3
3
-
For Sale
247 E Hawkins St, Kankakee, IL 60901
0.14
$169,700
2
2
2,080
Off Market
904 S Schuyler Ave, Kankakee, IL 60901
0.14
$141,800
3
1
1,806
Off Market
687 S Harrison Ave, Kankakee, IL 60901
0.17
$481,200
4
2.5
3,277
Off Market
620 Park Pl, Kankakee, IL 60901
0.19
$307,800
4
2.5
2,674
Off Market
727 S Chicago Ave, Kankakee, IL 60901
0.19
$276,700
4
2.5
2,900
Off Market
863 S Greenwood Ave, Kankakee, IL 60901
0.21
$232,600
4
2
2,178
Off Market
895 S Greenwood Ave, Kankakee, IL 60901
0.21
$246,400
3
2.5
2,602
Off Market
187 E Water St, Kankakee, IL 60901
0.19
$311,000
3
2
1,550
Recently Sold

Local Information

  • Map ViewExplore the area around 397 E Water St.
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Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1900
Living Area
1,504 sqft
Price/Sqft
$126

About this House

Very well kept home on the River! Large Living room with Newer flooring - Formal Dining room with updated flooring - Large Kitchen with pantry - First floor Half Bath - 2 Large bedrooms on 2nd level with new windows, and huge closets, 2nd floor full bath with lots of storage. This home is in great shape and ready for it new owner! call today for your private showing, so you can enjoy your summer on the river!!
397 E Water St, Kankakee, IL 60901 is a 2 bedroom, 2 bathroom, 1,504 sqft single-family home built in 1900. It last sold for $130,000 on Jan 13, 2023. It is currently off market. The Trulia Estimate is $188,900, with a rent estimate of $1,853/month.

Home Details for 397 E Water St

Interior Features

Heating & Cooling
Heating: GasAir ConditioningCooling System: CentralHeating Fuel: Gas
Interior Details
Number of Rooms: 5

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: Single Family Home

Exterior Features

Exterior Home Features
Exterior: Vinyl

Lot Information

Lot Area: 7000 sqft

Price and Tax history

DateEventPrice
Jan 13, 2023
Source: MRED as distributed by MLS GRID #11418720
Sold
$130,000
Dec 15, 2022
Source: MRED as distributed by MLS GRID #11418720
Contingent
$144,900
Dec 5, 2022
Source: MRED as distributed by MLS GRID #11418720
PendingToActive
$144,900
Sep 21, 2022
Source: MRED as distributed by MLS GRID #11418720
Pending
$144,900
Sep 9, 2022
Source: MRED as distributed by MLS GRID #11418720
PendingToActive
$144,900

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 397 E Water St

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Off Market Homes Near 397 E Water St

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Frequently asked questions about 397 E Water St

  • What is 397 E Water St estimated to be worth?
    Trulia's estimated value for 397 E Water St in Kankakee, IL is $188,900.
  • What is the price history for 397 E Water St?
    397 E Water St in Kankakee, IL last sold for $130,000 in January 2023.
  • 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 397 E Water St have air conditioning?
    Yes, 397 E Water St in Kankakee, IL has air conditioning.
  • How big is the lot at 397 E Water St?
    The lot at 397 E Water St in Kankakee, IL is about 0.17 acres (7,250 sq ft).