553 S 3rd Ave, Kankakee, IL 60901
Property image
Property image
OFF MARKET

553 S 3rd Ave
Kankakee, IL 60901

  • Studio

$154,500

Trulia Estimate
as of Aug 21, 2026
Est. Refi. Payment $1,154/mo*
Refinance Your Home

$154,500

Trulia Estimate
as of Aug 21, 2026
Est. Refi. Payment $1,154/mo*
Refinance Your Home
Studio

Home Value

Trulia Estimate
$155K
Since last month
Increased$1K (+0.9%)
Since last year
Decreased$25K (-13.8%)
Since last sale
Increased$66K (+75.2%)
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 decreased by -33% in the last 10 years
MonthEstimated value
2026
August 2026$155K
July 2026$153K
June 2026$158K
May 2026$154K
April 2026$161K
March 2026$150K
February 2026$129K
January 2026$154K
2025
2024
2023
2022

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
436 S 4th Ave, Kankakee, IL
0.10
Multi-Family Home
$100,000
04/03/26
4
1
-
346 W Hickory St, Kankakee, IL
0.12
Multi-Family Home
$100,000
09/29/25
2
2
-
553 S 3rd St, Kankakee, IL
0.02
Multi-Family Home
$170,550
12/09/25
4
1
-
341 S 5th Ave, Kankakee, IL
0.24
Multi-Family Home
$105,000
11/24/25
3
2
-
227 S Washington Ave, Kankakee, IL
0.30
Multi-Family Home
$90,000
09/15/25
3
3
-
265 S Washington Ave, Kankakee, IL
0.27
Multi-Family Home
$156,000
05/07/26
6
2
-
117 N Entrance Ave, Kankakee, IL
0.43
Multi-Family Home
$82,500
07/31/26
3
2
-
345 S Washington Ave, Kankakee, IL
0.22
Multi-Family Home
$200,000
04/03/26
4
4
-
529 S Indiana Ave, Kankakee, IL
0.41
Multi-Family Home
$135,000
05/27/26
4
2
-
464 E Station St, Kankakee, IL
0.53
Multi-Family Home
$120,000
08/22/25
4
3
-

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
553 S 3rd St, Kankakee, IL 60901
0.02
$170,550
4
1
-
Recently Sold
543 S 3rd Ave, Kankakee, IL 60901
0.01
$290,000
8
4
-
For Sale
274 W Bourbonnais St, Kankakee, IL 60901
0.05
$152,100
4
1.5
1,600
Off Market
340 W Bourbonnais St, Kankakee, IL 60901
0.04
$59,200
3
1
1,060
Off Market
530 S 4th Ave, Kankakee, IL 60901
0.04
$146,400
5
3
-
Off Market
507 S 4th Ave, Kankakee, IL 60901
0.08
$108,200
2
1
1,102
Off Market
436 S 4th Ave, Kankakee, IL 60901
0.10
$100,000
4
1
-
Recently Sold
290 W Hickory St, Kankakee, IL 60901
0.13
$125,200
2
1
900
Off Market
346 W Hickory St, Kankakee, IL 60901
0.12
$98,400
2
2
-
Off Market
Lot 79 Riverbend Sub #79, Kankakee, IL 60901
0.13
-
-
-
-
Off Market
Lot 26 Wedgewood Est #26, Kankakee, IL 60901
0.13
-
-
-
-
Off Market
1030 S 1042 Osborn, Kankakee, IL 60901
0.13
$146,100
4
-
-
Off Market

Local Information

  • Map ViewExplore the area around 553 S 3rd Ave.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1890

About this House

Investors turn the key to profit. Currently 4 unit are occupied and two need to be remodeled for use. Each unit has living room, kitchen, one bedroom, one bathroom.
553 S 3rd Ave, Kankakee, IL 60901 is a studio multi-family built in 1890. It last sold for $88,200 on Apr 6, 2001. It is currently off market. The Trulia Estimate is $154,500, with a rent estimate of $1,419/month.

Home Details for 553 S 3rd Ave

Interior Features

Heating & Cooling
Heating: ElectricHeating Fuel: Electric
Levels, Entrance, & Accessibility
Floors: Other

Exterior Features

Exterior Home Features
Roof: OtherExterior: Other

Property Information

Year Built
Year Built: 1890
Property Type / Style
Property Type: Multi FamilyArchitecture: Other

Community

Units in Building: 4

Price and Tax history

DateEventPrice
Feb 1, 2016
Source: Agent Provided
ListingRemoved
$59,900
Aug 20, 2014
Source: Agent Provided
Listed For Sale
$59,900
Apr 6, 2001
Source: MRED as distributed by MLS GRID #08193183
Sold
$88,200

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

Around this home

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 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

LGBTQ Local Legal Protections

Frequently asked questions about 553 S 3rd Ave

  • What is 553 S 3rd Ave estimated to be worth?
    Trulia's estimated value for 553 S 3rd Ave in Kankakee, IL is $154,500.
  • What is the price history for 553 S 3rd Ave?
    553 S 3rd Ave in Kankakee, IL last sold for $88,200 in April 2001.
  • 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.

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Off Market Homes Near 553 S 3rd Ave

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