506 S 5th Ave, Kankakee, IL 60901
OFF MARKET

506 S 5th Ave
Kankakee, IL 60901

  • 3 Beds
  • 2 Baths

$146,200

Trulia Estimate
as of Jun 3, 2026
Est. Refi. Payment $1,077/mo*
Refinance Your Home

$146,200

Trulia Estimate
as of Jun 3, 2026
Est. Refi. Payment $1,077/mo*
Refinance Your Home
3 Beds
2 Baths

Local Information

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

Description

Great investment opportunity. Updated 2 unit. Close to Presence St. Mary's Hospital and downtown Kankakee. Features: Electrical panels are all breakers, Separate heat - upstairs is electric, downstairs is forced air, Separate hot water, All water lines have been replaced with copper, New sewer lines, Newer roof, 17 replacement windows (all but 2 have been replaced), Includes laundry room, Smoke detectors in each unit are hardwired and interconnected. Upstairs renovations include: rewired, new addition, removed plaster and replaced with drywall. Upstairs tenant mows and downstairs tenant shovels in winter.
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.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for 506 S 5th Ave

Interior Features

Heating & Cooling
Heating: Other, GasHeating Fuel: Other
Interior Details
Additional StorageNumber of Rooms: 9Storage
Appliances & Utilities
DryerRefrigerator
Levels, Entrance, & Accessibility
Floors: Other

Exterior Features

Exterior Home Features
Roof: Asphalt, Shake ShingleExterior: Vinyl

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: Multi FamilyArchitecture: Other

Community

Units in Building: 2

Lot Information

Lot Area: 3484 sqft

Price History for 506 S 5th Ave

DatePriceEventSource
07/19/2021$115,000Sold
MRED as distributed by MLS GRID #11058121
01/31/2019$79,000Sold
MRED as distributed by MLS GRID #10070595
09/27/2018$78,000PendingAgent Provided
09/04/2018$78,000Listed For SaleAgent Provided
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Property Tax and Assessment

Year2024
Tax$2,337
Assessment$59,292
Home facts updated by county records

Comparable Sales for 506 S 5th Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
346 W Hickory St, Kankakee, IL
0.13
Multi-Family Home
$100,000
09/29/25
2
2
-
436 S 4th Ave, Kankakee, IL
0.10
Multi-Family Home
$100,000
04/03/26
4
1
-
341 S 5th Ave, Kankakee, IL
0.15
Multi-Family Home
$105,000
11/24/25
3
2
-
322 W Merchant St, Kankakee, IL
0.29
Multi-Family Home
$85,000
08/15/25
3
2
-
144 N 4th Ave, Kankakee, IL
0.42
Multi-Family Home
$140,000
06/26/25
4
2
-
227 S Washington Ave, Kankakee, IL
0.31
Multi-Family Home
$90,000
09/15/25
3
3
-
553 S 3rd St, Kankakee, IL
0.14
Multi-Family Home
$170,550
12/09/25
4
1
-
653 E River St, Kankakee, IL
0.74
Multi-Family Home
$100,000
12/23/25
3
2
-
464 E Station St, Kankakee, IL
0.62
Multi-Family Home
$120,000
08/22/25
4
3
-
242 S Fraser Ave, Kankakee, IL
0.52
Multi-Family Home
$150,000
10/30/25
4
2
-

Nearby homes

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Assigned Schools

These are the assigned schools for 506 S 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

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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506 S 5th Ave, Kankakee, IL 60901 is a 3 bedroom, 2 bathroom multi-family built in 1900. This property is not currently available for sale. 506 S 5th Ave was last sold on Jul 19, 2021 for $115,000. The current Trulia Estimate for 506 S 5th Ave is $146,200.