Real Estate Investment Properties for Sale in Kankakee, IL

Looking for investment property in Kankakee, IL with high ROI ?

Explore a variety of short-term homes & houses in Kankakee, IL. Invest wisely with VRBO & Kankakee, IL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Kankakee, IL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
13 Charlton Dr Kankakee, IL Great opportunity in East Shore Acres Subdivision. This large two story home features 4 be...	5 beds \| 3 baths \| 2,400 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.24% Airbnb Rental Income: $null Traditional Rental Income: $2113 Airbnb ROI: N/A Traditional ROI: 5.24%
1257 E Sheridan St Kankakee, IL Welcome to this beautiful home in Kankakee, eagerly awaiting its new owners! This exquisit...	3 beds \| 2 baths \| 1,300 sq.ft.	$225,000	Airbnb cash on cash: -0.93% Traditional cash on cash: 6.16% Airbnb Rental Income: $616 Traditional Rental Income: $1834 Airbnb ROI: -0.93% Traditional ROI: 6.16%
369 S Chicago Ave Kankakee, IL Step into timeless charm and modern versatility at 369 Chicago Ave in Kankakee! This spaci...	5 beds \| 2 baths \| 1,648 sq.ft.	$242,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.47% Airbnb Rental Income: $null Traditional Rental Income: $2344 Airbnb ROI: N/A Traditional ROI: 7.47%
378 S Evergreen Ave Kankakee, IL Large and spacious recently rehabbed home ...featuring: New : windows, doors, roof, plumbi...	4 beds \| 2 baths \| 1,440 sq.ft.	$219,900	Airbnb cash on cash: 3% Traditional cash on cash: 6.22% Airbnb Rental Income: $1699 Traditional Rental Income: $1897 Airbnb ROI: 3% Traditional ROI: 6.22%
2886 S Southbrook Drive Kankakee, IL See the potential in the large raised ranch brick home in Kankakee. This home has 3 bedroo...	3 beds \| 2 baths \| 1,500 sq.ft.	$164,754	Airbnb cash on cash: 2.41% Traditional cash on cash: 8.24% Airbnb Rental Income: $1699 Traditional Rental Income: $2144 Airbnb ROI: 2.41% Traditional ROI: 8.24%
824 S Mckinley Ave Kankakee, IL Welcome to your dream home in West Kankakee! This spacious 4-bedroom, 2.5-bath residence o...	4 beds \| 2 baths \| 1,664 sq.ft.	$199,900	Airbnb cash on cash: 4.13% Traditional cash on cash: 7.74% Airbnb Rental Income: $2297 Traditional Rental Income: $2409 Airbnb ROI: 4.13% Traditional ROI: 7.74%
2664 Waldron Ave Kankakee, IL This stunning 7,700 sq ft Hemenover custom-built estate sits on 4.5 acres along the most d...	5 beds \| 6 baths \| 7,577 sq.ft.	$1,350,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.67% Airbnb Rental Income: $null Traditional Rental Income: $7264 Airbnb ROI: N/A Traditional ROI: 2.67%
863 W Williams St Kankakee, IL 863 W Williams St, Kankakee, IL 60901, offers immediate peace of mind with virtually every...	3 beds \| 1 baths \| 1,436 sq.ft.	$169,900	Airbnb cash on cash: 3.89% Traditional cash on cash: 8.9% Airbnb Rental Income: $1699 Traditional Rental Income: $2037 Airbnb ROI: 3.89% Traditional ROI: 8.9%
878 S Wildwood Ave Kankakee, IL Step back in time to an era when craftsmanship truly mattered. Located in the Historical D...	4 beds \| 2 baths \| 2,380 sq.ft.	$222,500	Airbnb cash on cash: 4.1% Traditional cash on cash: 10.12% Airbnb Rental Income: $2297 Traditional Rental Income: $3030 Airbnb ROI: 4.1% Traditional ROI: 10.12%
206 Julie Dr Kankakee, IL Discover your dream home in this beautifully updated residence, perfectly situated on a sp...	5 beds \| 2 baths \| 2,400 sq.ft.	$384,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.87% Airbnb Rental Income: $null Traditional Rental Income: $3118 Airbnb ROI: N/A Traditional ROI: 5.87%
682 S Osborn Ave Kankakee, IL 2 bedroom (possibly 3) 1 bathroom home on with a huge fenced in yard and a partially finis...	2 beds \| 1 baths \| 890 sq.ft.	$119,999	Airbnb cash on cash: 3.44% Traditional cash on cash: 8.03% Airbnb Rental Income: $1334 Traditional Rental Income: $1454 Airbnb ROI: 3.44% Traditional ROI: 8.03%
1195 S Myrtle Avenue Kankakee, IL Charming Tudor Style brick home located across street from the Kankakee River & close to p...	4 beds \| 2 baths \| 1,696 sq.ft.	$193,900	Airbnb cash on cash: 4.17% Traditional cash on cash: 8.09% Airbnb Rental Income: $2297 Traditional Rental Income: $2447 Airbnb ROI: 4.17% Traditional ROI: 8.09%
316 S 4000 West Rd Kankakee, IL Lots of good things in the 4 bed 1 bath home in Limestone. Open floorplan with the living ...	4 beds \| 1 baths \| 1,000 sq.ft.	$179,900	Airbnb cash on cash: 7.1% Traditional cash on cash: 8.27% Airbnb Rental Income: $2297 Traditional Rental Income: $1926 Airbnb ROI: 7.1% Traditional ROI: 8.27%
635 S Alma Avenue Kankakee, IL Welcome to this beautiful 1 story ranch w/ finished basement that was just renovated! this...	2 beds \| 2 baths \| 1,710 sq.ft.	$224,000	Airbnb cash on cash: 0.22% Traditional cash on cash: 6.28% Airbnb Rental Income: $1334 Traditional Rental Income: $2207 Airbnb ROI: 0.22% Traditional ROI: 6.28%
286 S Barbara Drive Kankakee, IL Well-located 3-bedroom, 1-bath ranch in the Hillside Manor Subdivision, served by the desi...	3 beds \| 1 baths \| 1,014 sq.ft.	$129,950	Airbnb cash on cash: 7.18% Traditional cash on cash: 7.89% Airbnb Rental Income: $1699 Traditional Rental Income: $1316 Airbnb ROI: 7.18% Traditional ROI: 7.89%
729 Webster Cir W Kankakee, IL 729 Webster Cir W, Kankakee, IL 60901 \| Single Family Residential	3 beds \| 1 baths \| 1,154 sq.ft.	$125,000	Airbnb cash on cash: 5.69% Traditional cash on cash: 6.99% Airbnb Rental Income: $1699 Traditional Rental Income: $1392 Airbnb ROI: 5.69% Traditional ROI: 6.99%
1420 Indian Trl Kankakee, IL 1420 Indian Trl, Kankakee, IL 60901 \| Other	N/A beds \| N/A baths \| N/A	$35,000	Airbnb cash on cash: 5.41% Traditional cash on cash: 11.7% Airbnb Rental Income: $715 Traditional Rental Income: $640 Airbnb ROI: 5.41% Traditional ROI: 11.7%
1402 Indian Trl Kankakee, IL 1402 Indian Trl, Kankakee, IL 60901 \| Other	N/A beds \| N/A baths \| N/A	$35,000	Airbnb cash on cash: 5.41% Traditional cash on cash: 11.7% Airbnb Rental Income: $715 Traditional Rental Income: $640 Airbnb ROI: 5.41% Traditional ROI: 11.7%
1416 Indian Trl Kankakee, IL 1416 Indian Trl, Kankakee, IL 60901 \| Other	N/A beds \| N/A baths \| N/A	$35,000	Airbnb cash on cash: 5.41% Traditional cash on cash: 11.7% Airbnb Rental Income: $715 Traditional Rental Income: $640 Airbnb ROI: 5.41% Traditional ROI: 11.7%
1124 W Hawkins St Kankakee, IL Open floor plan home with approximately 1,800 sq ft, featuring 3 bedrooms and 1.5 baths on...	3 beds \| 1 baths \| 1,759 sq.ft.	$209,900	Airbnb cash on cash: 1.82% Traditional cash on cash: 7.31% Airbnb Rental Income: $1699 Traditional Rental Income: $2358 Airbnb ROI: 1.82% Traditional ROI: 7.31%
261 S Longwood Dr Kankakee, IL 261 S Longwood Dr, Kankakee, IL 60901 \| Single Family Residential	3 beds \| 1 baths \| 1,146 sq.ft.	$135,000	Airbnb cash on cash: 5.54% Traditional cash on cash: 6.57% Airbnb Rental Income: $1699 Traditional Rental Income: $1360 Airbnb ROI: 5.54% Traditional ROI: 6.57%
85 N 2750w Rd Kankakee, IL 85 N 2750w Rd, Kankakee, IL 60901 \| Single Family Residential	3 beds \| 1 baths \| 1,209 sq.ft.	$239,900	Airbnb cash on cash: 1.77% Traditional cash on cash: 2.54% Airbnb Rental Income: $1699 Traditional Rental Income: $1403 Airbnb ROI: 1.77% Traditional ROI: 2.54%
1119 S Curtis Ave #E51 Kankakee, IL Charming 2-Bedroom Brick Townhome in a Convenient Kankakee Location! Welcome home to this ...	2 beds \| 1 baths \| 900 sq.ft.	$65,000	Airbnb cash on cash: 3.28% Traditional cash on cash: 5.36% Airbnb Rental Income: $1334 Traditional Rental Income: $1057 Airbnb ROI: 3.28% Traditional ROI: 5.36%

Real Estate investment in Kankakee, IL

There are 81 properties for sale in the city of Kankakee . The median list price in Kankakee is $174,950 and the average price per square foot is $101. In March 2026, the average monthly cash on cash return in Kankakee is 8.00%. The average monthly rental income in Kankakee is $1,838.

Kankakee, IL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 81 investment properties available for sale in Kankakee.

In 2026, the best neighborhood to buy investment property is Kankakee.

The ROI for Long-Term is higher than the Short-Term in Kankakee with average rental income of $1,838.

Your search for investment property begins and ends here

Investment Property for Sale in Kankakee, IL

13 Charlton Dr

Kankakee, IL

5 beds | 3 baths | 2,400 sq.ft.

$265,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.24%

Airbnb Rental Income: $null

Traditional Rental Income: $2113

Airbnb ROI: N/A

Traditional ROI: 5.24%

1257 E Sheridan St

Kankakee, IL

3 beds | 2 baths | 1,300 sq.ft.

$225,000

Airbnb cash on cash: -0.93%

Traditional cash on cash: 6.16%

Airbnb Rental Income: $616

Traditional Rental Income: $1834

Airbnb ROI: -0.93%

Traditional ROI: 6.16%

369 S Chicago Ave

Kankakee, IL

5 beds | 2 baths | 1,648 sq.ft.

$242,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.47%

Airbnb Rental Income: $null

Traditional Rental Income: $2344

Airbnb ROI: N/A

Traditional ROI: 7.47%

378 S Evergreen Ave

Kankakee, IL

4 beds | 2 baths | 1,440 sq.ft.

$219,900

Airbnb cash on cash: 3%

Traditional cash on cash: 6.22%

Airbnb Rental Income: $1699

Traditional Rental Income: $1897

Airbnb ROI: 3%

Traditional ROI: 6.22%

2886 S Southbrook Drive

Kankakee, IL

3 beds | 2 baths | 1,500 sq.ft.

$164,754

Airbnb cash on cash: 2.41%

Traditional cash on cash: 8.24%

Airbnb Rental Income: $1699

Traditional Rental Income: $2144

Airbnb ROI: 2.41%

Traditional ROI: 8.24%

824 S Mckinley Ave

Kankakee, IL

4 beds | 2 baths | 1,664 sq.ft.

$199,900

Airbnb cash on cash: 4.13%

Traditional cash on cash: 7.74%

Airbnb Rental Income: $2297

Traditional Rental Income: $2409

Airbnb ROI: 4.13%

Traditional ROI: 7.74%

2664 Waldron Ave

Kankakee, IL

5 beds | 6 baths | 7,577 sq.ft.

$1,350,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.67%

Airbnb Rental Income: $null

Traditional Rental Income: $7264

Airbnb ROI: N/A

Traditional ROI: 2.67%

863 W Williams St

Kankakee, IL

3 beds | 1 baths | 1,436 sq.ft.

$169,900

Airbnb cash on cash: 3.89%

Traditional cash on cash: 8.9%

Airbnb Rental Income: $1699

Traditional Rental Income: $2037

Airbnb ROI: 3.89%