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
619 S Harrison Ave Kankakee, IL Highest and best due Tuesday 5 pm.It's a rare find when you can maintain historical featur...	3 beds \| 2 baths \| 2,080 sq.ft.	$279,950	Airbnb cash on cash: 1.31% Traditional cash on cash: 3.57% Airbnb Rental Income: $1827 Traditional Rental Income: $1930 Airbnb ROI: 1.31% Traditional ROI: 3.57%
760 Riverside Ct Kankakee, IL Beautiful, Stone home, on quiet street, overlooking the Kankakee River. Over 3000 Square f...	3 beds \| 3 baths \| 3,007 sq.ft.	$310,000	Airbnb cash on cash: 1.44% Traditional cash on cash: 6% Airbnb Rental Income: $1827 Traditional Rental Income: $2663 Airbnb ROI: 1.44% Traditional ROI: 6%
856 N Western Hills Dr Kankakee, IL Unique layout in this sprawling ranch in Limestone area. Living room has built ins. Wonde...	3 beds \| 2 baths \| 1,765 sq.ft.	$275,000	Airbnb cash on cash: 2.82% Traditional cash on cash: 4.81% Airbnb Rental Income: $1827 Traditional Rental Income: $1851 Airbnb ROI: 2.82% Traditional ROI: 4.81%
924 S Myrtle Ave Kankakee, IL You will love the character of this spacious 3 story home which includes a 4th bedroom or ...	4 beds \| 1 baths \| 2,400 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.99% Airbnb Rental Income: $null Traditional Rental Income: $1609 Airbnb ROI: N/A Traditional ROI: 2.99%
1 Shannon Rd Kankakee, IL Located just outside Aroma Park, Illinois is this Amazing Waterfront home on boatable area...	3 beds \| 3 baths \| 3,200 sq.ft.	$660,000	Airbnb cash on cash: -0.75% Traditional cash on cash: 1.65% Airbnb Rental Income: $1827 Traditional Rental Income: $2812 Airbnb ROI: -0.75% Traditional ROI: 1.65%
1133 Justine Dr Kankakee, IL Beautiful 3 bedroom, 2 bath ranch home with 2 car attached garage in Riverview area near K...	3 beds \| 2 baths \| 1,285 sq.ft.	$179,800	Airbnb cash on cash: 3.92% Traditional cash on cash: 7.18% Airbnb Rental Income: $1827 Traditional Rental Income: $1892 Airbnb ROI: 3.92% Traditional ROI: 7.18%
387 S Evergreen Ave Kankakee, IL Property is available for sale on it's own but has the option to be purchased with other p...	4 beds \| 2 baths \| 1,344 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.05% Airbnb Rental Income: $null Traditional Rental Income: $1033 Airbnb ROI: N/A Traditional ROI: 2.05%
726 N Webster Cir Kankakee, IL Property is available for sale on it's own but has the option to be purchased with other p...	2 beds \| 1 baths \| 640 sq.ft.	$129,900	Airbnb cash on cash: 3.18% Traditional cash on cash: 5.13% Airbnb Rental Income: $1172 Traditional Rental Income: $1032 Airbnb ROI: 3.18% Traditional ROI: 5.13%
1355 S 7th Ave Kankakee, IL Property is available for sale on it's own but has the option to be purchased with other p...	4 beds \| 1 baths \| 1,568 sq.ft.	$99,999	Airbnb cash on cash: N/A Traditional cash on cash: 9.18% Airbnb Rental Income: $null Traditional Rental Income: $1438 Airbnb ROI: N/A Traditional ROI: 9.18%
595 W Bridge St Kankakee, IL WELCOME HOME!!! Fall in love with this cute 2-bedroom, 1-bath home. Walk into the cozy liv...	2 beds \| 1 baths \| 700 sq.ft.	$134,900	Airbnb cash on cash: 2.47% Traditional cash on cash: 3% Airbnb Rental Income: $1172 Traditional Rental Income: $856 Airbnb ROI: 2.47% Traditional ROI: 3%
231 S Chicago Ave Kankakee, IL Welcome to this beautiful and spacious 4-bedroom, 2-bath brick home in the heart of downto...	4 beds \| 2 baths \| 2,126 sq.ft.	$190,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.36% Airbnb Rental Income: $null Traditional Rental Income: $2274 Airbnb ROI: N/A Traditional ROI: 9.36%
369 S Chicago Ave Kankakee, IL Updated 5-bedroom Colonial home for sale in Kankakee featuring two kitchens, two electric ...	5 beds \| 2 baths \| 1,648 sq.ft.	$235,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.96% Airbnb Rental Income: $null Traditional Rental Income: $2344 Airbnb ROI: N/A Traditional ROI: 7.96%
619 S Myrtle Ave Kankakee, IL Completely remodeled home, at an affordable price! LVP flooring throughout that main level...	3 beds \| 2 baths \| 1,720 sq.ft.	$192,000	Airbnb cash on cash: 4.43% Traditional cash on cash: 8.2% Airbnb Rental Income: $1827 Traditional Rental Income: $2022 Airbnb ROI: 4.43% Traditional ROI: 8.2%
1556 S 4th Ave Kankakee, IL Charming 2 bedroom, 1 bathroom ranch: Your Cozy Haven Awaits! This home is perfect for fi...	2 beds \| 1 baths \| 844 sq.ft.	$122,500	Airbnb cash on cash: 1.48% Traditional cash on cash: 6.94% Airbnb Rental Income: $1172 Traditional Rental Income: $1432 Airbnb ROI: 1.48% Traditional ROI: 6.94%
1160 Westlawn Dr Kankakee, IL Great opportunity for you! Three bedroom, two bath home, located in the township with city...	3 beds \| 2 baths \| 1,440 sq.ft.	$214,900	Airbnb cash on cash: 4.5% Traditional cash on cash: 7.65% Airbnb Rental Income: $1827 Traditional Rental Income: $1974 Airbnb ROI: 4.5% Traditional ROI: 7.65%
1847 W Tower Dr Kankakee, IL Curb appeal! Limestone home on corner lot! This 2 story home, everything your family needs...	4 beds \| 2 baths \| 2,026 sq.ft.	$290,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.12% Airbnb Rental Income: $null Traditional Rental Income: $2478 Airbnb ROI: N/A Traditional ROI: 6.12%
341 S 5th Ave Kankakee, IL Fantastic investment opportunity! This affordable and well-maintained 2-unit property is a...	3 beds \| 2 baths \| N/A	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.65% Airbnb Rental Income: $null Traditional Rental Income: $2053 Airbnb ROI: N/A Traditional ROI: 9.65%
3172 Sun Valley Dr Kankakee, IL This beautiful new construction home in the River Bend subdivision of Limestone, will be r...	4 beds \| 3 baths \| 1,950 sq.ft.	$519,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.91% Airbnb Rental Income: $null Traditional Rental Income: $2577 Airbnb ROI: N/A Traditional ROI: 3.91%
1095-1097 E Merchant St Kankakee, IL Fantastic Investment Opportunity in Kankakee! This remodeled 2-unit building is ideal for ...	5 beds \| 2 baths \| N/A	$185,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.52% Airbnb Rental Income: $null Traditional Rental Income: $2522 Airbnb ROI: N/A Traditional ROI: 11.52%
1020 E Court St Kankakee, IL Beautiful 2 Flat Building, Fully rented. Each unit has Living Room, Dining Room, Kitchen,...	4 beds \| 2 baths \| N/A	$130,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.39% Airbnb Rental Income: $null Traditional Rental Income: $1865 Airbnb ROI: N/A Traditional ROI: 10.39%
2205 W Hickory St Kankakee, IL Step into this beautifully kept 3-bedroom gem located in the heart of West Kankakee! This ...	3 beds \| 1 baths \| 1,032 sq.ft.	$184,900	Airbnb cash on cash: 4.54% Traditional cash on cash: 5.83% Airbnb Rental Income: $1827 Traditional Rental Income: $1561 Airbnb ROI: 4.54% Traditional ROI: 5.83%
2886 S Southbrook Dr Kankakee, IL See the potential in the large raised ranch brick home in Kankakee. This home has 3 bedroo...	3 beds \| 2 baths \| 3,000 sq.ft.	$248,888	Airbnb cash on cash: 1.73% Traditional cash on cash: 5.18% Airbnb Rental Income: $1827 Traditional Rental Income: $2144 Airbnb ROI: 1.73% Traditional ROI: 5.18%
4673 W 3000n Rd Kankakee, IL Where do we start on a place like this?! There's so much attention to detail and craftsman...	6 beds \| 4 baths \| 4,932 sq.ft.	$1,049,999	Airbnb cash on cash: N/A Traditional cash on cash: 1.61% Airbnb Rental Income: $null Traditional Rental Income: $3977 Airbnb ROI: N/A Traditional ROI: 1.61%
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.	$379,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.97% Airbnb Rental Income: $null Traditional Rental Income: $3118 Airbnb ROI: N/A Traditional ROI: 5.97%
682 S Osborn Ave Kankakee, IL 2 bedroom (possibly 3) 1 bathroom home with a partially finished basement. House is need o...	2 beds \| 1 baths \| 890 sq.ft.	$119,900	Airbnb cash on cash: 2.1% Traditional cash on cash: 7.86% Airbnb Rental Income: $1172 Traditional Rental Income: $1454 Airbnb ROI: 2.1% Traditional ROI: 7.86%
194 N Entrance Ave Kankakee, IL 194 N Entrance Ave, Kankakee, IL 60901 \| Single Family Residential	5 beds \| 3 baths \| 2,600 sq.ft.	$359,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.43% Airbnb Rental Income: $null Traditional Rental Income: $2679 Airbnb ROI: N/A Traditional ROI: 4.43%
5690 W State Route 17 Kankakee, IL 5690 W State Route 17, Kankakee, IL 60901 \| Single Family Residential	4 beds \| 1 baths \| 2,012 sq.ft.	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.69% Airbnb Rental Income: $null Traditional Rental Income: $2345 Airbnb ROI: N/A Traditional ROI: 10.69%
838 N Rosewood Ave Kankakee, IL	2 beds \| 1 baths \| 780 sq.ft.	$160,000	Airbnb cash on cash: 1.33% Traditional cash on cash: 3.06% Airbnb Rental Income: $1172 Traditional Rental Income: $1052 Airbnb ROI: 1.33% Traditional ROI: 3.06%
312 Stone St Kankakee, IL 312 Stone St, Kankakee, IL 60901 \| Single Family Residential	3 beds \| 2 baths \| 1,020 sq.ft.	$169,900	Airbnb cash on cash: 4.44% Traditional cash on cash: 5.74% Airbnb Rental Income: $1827 Traditional Rental Income: $1544 Airbnb ROI: 4.44% Traditional ROI: 5.74%
2775 E Riverview Dr Kankakee, IL 2775 E Riverview Dr, Kankakee, IL 60901 \| Single Family Residential	3 beds \| 2 baths \| 2,030 sq.ft.	$269,900	Airbnb cash on cash: 1.63% Traditional cash on cash: 4.48% Airbnb Rental Income: $1827 Traditional Rental Income: $2057 Airbnb ROI: 1.63% Traditional ROI: 4.48%
6340 E River Ct Kankakee, IL	4 beds \| 2 baths \| 2,016 sq.ft.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.43% Airbnb Rental Income: $null Traditional Rental Income: $2633 Airbnb ROI: N/A Traditional ROI: 6.43%
6255 W State Route 17 Rd Kankakee, IL 6255 W State Route 17 Rd, Kankakee, IL 60901 \| Single Family Residential	3 beds \| 2 baths \| 2,000 sq.ft.	$1,250,000	Airbnb cash on cash: -2.19% Traditional cash on cash: -1.63% Airbnb Rental Income: $1827 Traditional Rental Income: $1990 Airbnb ROI: -2.19% Traditional ROI: -1.63%
1824 Cobb Blvd Kankakee, IL 1824 Cobb Blvd, Kankakee, IL 60901 \| Single Family Residential	4 beds \| 2 baths \| 2,103 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.43% Airbnb Rental Income: $null Traditional Rental Income: $2221 Airbnb ROI: N/A Traditional ROI: 2.43%
1905 Indian Trl Kankakee, IL	N/A beds \| N/A baths \| N/A	$185,900	Airbnb cash on cash: -0.02% Traditional cash on cash: -0.16% Airbnb Rental Income: $1018 Traditional Rental Income: $636 Airbnb ROI: -0.02% Traditional ROI: -0.16%
1917 Indian Trl Kankakee, IL	N/A beds \| N/A baths \| N/A	$185,900	Airbnb cash on cash: -0.02% Traditional cash on cash: 0.33% Airbnb Rental Income: $1018 Traditional Rental Income: $722 Airbnb ROI: -0.02% Traditional ROI: 0.33%

Real Estate investment in Kankakee, IL

There are 134 properties for sale in the city of Kankakee . The median list price in Kankakee is $151,409 and the average price per square foot is $94. In September 2026, the average monthly cash on cash return in Kankakee is 7.00%. The average monthly rental income in Kankakee is $1,453.

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

There are 134 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 $1,453.

Your search for investment property begins and ends here

Investment Property for Sale in Kankakee, IL

619 S Harrison Ave

Kankakee, IL

3 beds | 2 baths | 2,080 sq.ft.

$279,950

Airbnb cash on cash: 1.31%

Traditional cash on cash: 3.57%

Airbnb Rental Income: $1827

Traditional Rental Income: $1930

Airbnb ROI: 1.31%

Traditional ROI: 3.57%

760 Riverside Ct

Kankakee, IL

3 beds | 3 baths | 3,007 sq.ft.

$310,000

Airbnb cash on cash: 1.44%

Traditional cash on cash: 6%

Airbnb Rental Income: $1827

Traditional Rental Income: $2663

Airbnb ROI: 1.44%

Traditional ROI: 6%

856 N Western Hills Dr

Kankakee, IL

3 beds | 2 baths | 1,765 sq.ft.

$275,000

Airbnb cash on cash: 2.82%

Traditional cash on cash: 4.81%

Airbnb Rental Income: $1827

Traditional Rental Income: $1851

Airbnb ROI: 2.82%

Traditional ROI: 4.81%

924 S Myrtle Ave

Kankakee, IL

4 beds | 1 baths | 2,400 sq.ft.

$249,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.99%

Airbnb Rental Income: $null

Traditional Rental Income: $1609

Airbnb ROI: N/A

Traditional ROI: 2.99%

1 Shannon Rd

Kankakee, IL

3 beds | 3 baths | 3,200 sq.ft.

$660,000

Airbnb cash on cash: -0.75%

Traditional cash on cash: 1.65%

Airbnb Rental Income: $1827

Traditional Rental Income: $2812

Airbnb ROI: -0.75%

Traditional ROI: 1.65%

1133 Justine Dr

Kankakee, IL

3 beds | 2 baths | 1,285 sq.ft.

$179,800

Airbnb cash on cash: 3.92%

Traditional cash on cash: 7.18%

Airbnb Rental Income: $1827

Traditional Rental Income: $1892

Airbnb ROI: 3.92%

Traditional ROI: 7.18%

387 S Evergreen Ave

Kankakee, IL

4 beds | 2 baths | 1,344 sq.ft.

$250,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.05%

Airbnb Rental Income: $null

Traditional Rental Income: $1033

Airbnb ROI: N/A

Traditional ROI: 2.05%

726 N Webster Cir

Kankakee, IL

2 beds | 1 baths | 640 sq.ft.

$129,900

Airbnb cash on cash: 3.18%

Traditional cash on cash: 5.13%

Airbnb Rental Income: $1172

Traditional Rental Income: $1032

Airbnb ROI: 3.18%