363-365 East Hickory Street, Kankakee, IL

About 363-365 East Hickory Street

Investor-Friendly 4-Unit Opportunity in the Heart of Kankakee. 363-356 E Hickory St Kankakee, IL is a turn key, low maintenance and fully occupied! Positioned just blocks from the future Kankakee Riverwalk development, this well-maintained 4-unit property offers a strong blend of current cash flow and long-term upside in a promising up-and-coming neighborhoods. The area continues to attract renewed interest from both public and private investment making this a timely acquisition for any investor focused on growth and equity potential. The Kankakee river walk being developed just blocks away with future development following. This property is low-maintenance and partially rehabbed, with multiple capital improvements already completed, lower units have full basement, one side finished, the other side unfinished, great for storage or laundry. Bedroom in each of the units are spacious, larger bathrooms, kitchens and living rooms. Several major systems have been recently updated, and several units rehabbed within the last year. Fully occupied, allowing for immediate income generation. With most of the heavy lifting already done, the asset presents a dependable, tenant-ready structure in a rental-friendly market. Situated near schools, public transportation, and other city amenities, 363-365 E Hickory is an attractive option for tenants seeking both convenience and affordability. Its location presents a unique opportunity for buyers looking to scale their portfolio within a concentrated, high-demand rental corridor. Whether you're looking for a strong-performing asset today or a strategic hold in an appreciating location, this is a smart addition to any portfolio.

Listing Map