450 South Dearborn Avenue, Kankakee, IL

$1,260,000

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About 450 South Dearborn Avenue

19 Units - 3 buildings, Located less than 2 blocks from Phase 1 of the Kankakee Riverfront Revitalization project, close to shopping, expressway, downtown area, 2 1/2 blocks to Kankakee Farmers Market, plus plenty of restaurants, this Investment Opportunity consists of 3 buildings totaling 19 units. 2024 Real Estate taxes $ 19,055.84 for all 3 buildings. All tenants have access to laundry room facilities located in building 450 (washers/dryers are leased). In addition there is a 5 car garage for additional income/owner use. Tenants responsible their own electric. Owner pays electric for common areas of Building 450, Water & refuse & Gas for all 3 buildings. 450 Dearborn is a brick 12 unit building consisting of 10-2 bedroom units, 2 - 1 bedroom units, roof replaced approx 2017-2018. Building 440 (16-17-05-114-004), windows 2024-2025, Vinyl siding 8/25 and consists of 3 units. Building 466 (16-17-05-114-022) is a brick/stone & siding 4 unit consisting of all 1 bedroom units. Roof & Siding replaced in 2018. Tenants in building 466 have central air. See feature sheet / rent roll for full details. Building Ages of 440 & 466 is unknown. Units in building 440 & 450 have wall or window a/c units (many newer units). 12 unit is serviced by hot water heat (included in rent), 440 & 466 have forced air heat.

Features of 450 South Dearborn Avenue

MLS® # 12446043
Price $1,260,000
Bathrooms 0.00
Acres 0.00
Year Built 1966
Type Commercial Sale
Sub-Type Multi Family 5+
Status Contingent

Community Information

Address 450 South Dearborn Avenue
Area Kankakee
City Kankakee
County Kankakee
State IL
Zip Code 60901

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air, Wall Sleeve, Window Unit(s)
Fireplace No
Has Basement Yes
Basement Unfinished

Exterior

Exterior Brick, Wood, Vinyl Siding
Foundation Concrete Perimeter, Other

Additional Information

Days on Market 63
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeHomeSmart Realty Group
Contact Info708-320-0002

Listing Map

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