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
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.	$179,900	Airbnb cash on cash: 1.54% Traditional cash on cash: 7.18% Airbnb Rental Income: $1339 Traditional Rental Income: $1892 Airbnb ROI: 1.54% Traditional ROI: 7.18%
1257 E Sheridan Street Kankakee, IL Welcome to this beautiful home in Kankakee, eagerly awaiting its new owners! This exquisit...	1 beds \| 2 baths \| 1,300 sq.ft.	$220,000	Airbnb cash on cash: 2.11% Traditional cash on cash: 6.32% Airbnb Rental Income: $1375 Traditional Rental Income: $1834 Airbnb ROI: 2.11% Traditional ROI: 6.32%
980 S Myrtle Ave Kankakee, IL	3 beds \| 1 baths \| 1,728 sq.ft.	$229,900	Airbnb cash on cash: 0.75% Traditional cash on cash: 5.49% Airbnb Rental Income: $1339 Traditional Rental Income: $1959 Airbnb ROI: 0.75% Traditional ROI: 5.49%
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.	$220,000	Airbnb cash on cash: 2.43% Traditional cash on cash: 7.45% Airbnb Rental Income: $1339 Traditional Rental Income: $1974 Airbnb ROI: 2.43% Traditional ROI: 7.45%
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.	$549,900	Airbnb cash on cash: 0.87% Traditional cash on cash: 3.64% Airbnb Rental Income: $1611 Traditional Rental Income: $2577 Airbnb ROI: 0.87% Traditional ROI: 3.64%
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	$195,000	Airbnb cash on cash: 3.5% Traditional cash on cash: 10.89% Airbnb Rental Income: $1611 Traditional Rental Income: $2522 Airbnb ROI: 3.5% Traditional ROI: 10.89%
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: 2.22% Traditional cash on cash: 5.83% Airbnb Rental Income: $1339 Traditional Rental Income: $1561 Airbnb ROI: 2.22% Traditional ROI: 5.83%
1801 E Duane Blvd Kankakee, IL Three bedroom home in East Kankakee. Situated on a corner lot. Hardwood floors in the Livi...	3 beds \| 1 baths \| 1,200 sq.ft.	$199,000	Airbnb cash on cash: 1.69% Traditional cash on cash: 6.96% Airbnb Rental Income: $1339 Traditional Rental Income: $1923 Airbnb ROI: 1.69% Traditional ROI: 6.96%
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: 2.03% Traditional cash on cash: 7.86% Airbnb Rental Income: $1162 Traditional Rental Income: $1454 Airbnb ROI: 2.03% 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	4 beds \| 1 baths \| 2,012 sq.ft.	$189,900	Airbnb cash on cash: 2.65% Traditional cash on cash: 9.25% Airbnb Rental Income: $1611 Traditional Rental Income: $2345 Airbnb ROI: 2.65% Traditional ROI: 9.25%
974 S Washington Ave Kankakee, IL 974 S Washington Ave, Kankakee, IL 60901 \| Single Family Residential	2 beds \| 1 baths \| 984 sq.ft.	$149,000	Airbnb cash on cash: 1.6% Traditional cash on cash: 4.61% Airbnb Rental Income: $1162 Traditional Rental Income: $1209 Airbnb ROI: 1.6% Traditional ROI: 4.61%
838 N Rosewood Ave Kankakee, IL	2 beds \| 1 baths \| 780 sq.ft.	$160,000	Airbnb cash on cash: 1.27% Traditional cash on cash: 3.06% Airbnb Rental Income: $1162 Traditional Rental Income: $1052 Airbnb ROI: 1.27% Traditional ROI: 3.06%
312 Stone St Kankakee, IL 312 Stone St, Kankakee, IL 60901 \| Single Family Residential	2 beds \| 2 baths \| 1,020 sq.ft.	$169,900	Airbnb cash on cash: 1.02% Traditional cash on cash: 5.74% Airbnb Rental Income: $1162 Traditional Rental Income: $1544 Airbnb ROI: 1.02% 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.	$284,900	Airbnb cash on cash: -0.13% Traditional cash on cash: 4.08% Airbnb Rental Income: $1339 Traditional Rental Income: $2057 Airbnb ROI: -0.13% Traditional ROI: 4.08%
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: -0.42% Traditional cash on cash: 2.43% Airbnb Rental Income: $1611 Traditional Rental Income: $2221 Airbnb ROI: -0.42% Traditional ROI: 2.43%
1905 Indian Trl Kankakee, IL	N/A beds \| N/A baths \| N/A	$185,900	Airbnb cash on cash: N/A Traditional cash on cash: -0.16% Airbnb Rental Income: $null Traditional Rental Income: $636 Airbnb ROI: N/A Traditional ROI: -0.16%
1917 Indian Trl Kankakee, IL	N/A beds \| N/A baths \| N/A	$185,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.33% Airbnb Rental Income: $null Traditional Rental Income: $722 Airbnb ROI: N/A Traditional ROI: 0.33%
286 S Barbara Dr 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.	$219,900	Airbnb cash on cash: 2.47% Traditional cash on cash: 6.07% Airbnb Rental Income: $1339 Traditional Rental Income: $1676 Airbnb ROI: 2.47% Traditional ROI: 6.07%
1221 E CHESTNUT Street Kankakee, IL	3 beds \| 2 baths \| 1,950 sq.ft.	$79,585	Airbnb cash on cash: 4.88% Traditional cash on cash: 9.8% Airbnb Rental Income: $1339 Traditional Rental Income: $1312 Airbnb ROI: 4.88% Traditional ROI: 9.8%
1119 S Curtis Ave #A-1 Kankakee, IL 1119 S Curtis Ave #A-1, Kankakee, IL 60901 \| Condo/Coop	1 beds \| 1 baths \| 900 sq.ft.	$48,900	Airbnb cash on cash: 8.39% Traditional cash on cash: 10.45% Airbnb Rental Income: $1375 Traditional Rental Income: $1060 Airbnb ROI: 8.39% Traditional ROI: 10.45%
2008 Indian Trl Kankakee, IL 2008 Indian Trl, Kankakee, IL 60901 \| Other	N/A beds \| N/A baths \| N/A	$49,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.56% Airbnb Rental Income: $null Traditional Rental Income: $636 Airbnb ROI: N/A Traditional ROI: 7.56%
1268 Deer Path Kankakee, IL 1268 Deer Path, Kankakee, IL 60901 \| Other	N/A beds \| N/A baths \| N/A	$49,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.26% Airbnb Rental Income: $null Traditional Rental Income: $722 Airbnb ROI: N/A Traditional ROI: 9.26%
504 S Schuyler Ave Kankakee, IL 504 S Schuyler Ave, Kankakee, IL 60901 \| Other	N/A beds \| N/A baths \| N/A	$179,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.04% Airbnb Rental Income: $null Traditional Rental Income: $636 Airbnb ROI: N/A Traditional ROI: -0.04%
2075 Flagstone Dr Kankakee, IL 2075 Flagstone Dr, Kankakee, IL 60901 \| Other	N/A beds \| N/A baths \| N/A	$34,110	Airbnb cash on cash: N/A Traditional cash on cash: 11.91% Airbnb Rental Income: $null Traditional Rental Income: $636 Airbnb ROI: N/A Traditional ROI: 11.91%
2821 Stone Fence Dr Kankakee, IL 2821 Stone Fence Dr, Kankakee, IL 60901 \| Other	N/A beds \| N/A baths \| N/A	$34,110	Airbnb cash on cash: N/A Traditional cash on cash: 11.91% Airbnb Rental Income: $null Traditional Rental Income: $636 Airbnb ROI: N/A Traditional ROI: 11.91%
2777 Stone Fence Dr Kankakee, IL 2777 Stone Fence Dr, Kankakee, IL 60901 \| Other	N/A beds \| N/A baths \| N/A	$34,110	Airbnb cash on cash: N/A Traditional cash on cash: 11.91% Airbnb Rental Income: $null Traditional Rental Income: $636 Airbnb ROI: N/A Traditional ROI: 11.91%
2097 Flagstone Dr Kankakee, IL 2097 Flagstone Dr, Kankakee, IL 60901 \| Other	N/A beds \| N/A baths \| N/A	$34,110	Airbnb cash on cash: N/A Traditional cash on cash: 11.91% Airbnb Rental Income: $null Traditional Rental Income: $636 Airbnb ROI: N/A Traditional ROI: 11.91%
2755 Stone Fence Dr Kankakee, IL 2755 Stone Fence Dr, Kankakee, IL 60901 \| Other	N/A beds \| N/A baths \| N/A	$34,110	Airbnb cash on cash: N/A Traditional cash on cash: 11.91% Airbnb Rental Income: $null Traditional Rental Income: $636 Airbnb ROI: N/A Traditional ROI: 11.91%
2757 Deer Run Dr Kankakee, IL 2757 Deer Run Dr, Kankakee, IL 60901 \| Other	N/A beds \| N/A baths \| N/A	$34,110	Airbnb cash on cash: N/A Traditional cash on cash: 11.91% Airbnb Rental Income: $null Traditional Rental Income: $636 Airbnb ROI: N/A Traditional ROI: 11.91%
590 S Washington Ave Kankakee, IL 590 S Washington Ave, Kankakee, IL 60901 \| Other	N/A beds \| N/A baths \| N/A	$125,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.08% Airbnb Rental Income: $null Traditional Rental Income: $608 Airbnb ROI: N/A Traditional ROI: 1.08%
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: N/A Traditional cash on cash: 11.7% Airbnb Rental Income: $null Traditional Rental Income: $640 Airbnb ROI: N/A Traditional ROI: 11.7%

Real Estate investment in Kankakee, IL

There are 80 properties for sale in the city of Kankakee . The median list price in Kankakee is $134,930 and the average price per square foot is $83. In June 2026, the average monthly cash on cash return in Kankakee is 8.00%. The average monthly rental income in Kankakee is $1,471.

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

There are 80 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 $1,471.

Your search for investment property begins and ends here

Investment Property for Sale in Kankakee, IL

1133 Justine Dr

Kankakee, IL

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

$179,900

Airbnb cash on cash: 1.54%

Traditional cash on cash: 7.18%

Airbnb Rental Income: $1339

Traditional Rental Income: $1892

Airbnb ROI: 1.54%

Traditional ROI: 7.18%

1257 E Sheridan Street

Kankakee, IL

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

$220,000

Airbnb cash on cash: 2.11%

Traditional cash on cash: 6.32%

Airbnb Rental Income: $1375

Traditional Rental Income: $1834

Airbnb ROI: 2.11%

Traditional ROI: 6.32%

980 S Myrtle Ave

Kankakee, IL

3 beds | 1 baths | 1,728 sq.ft.

$229,900

Airbnb cash on cash: 0.75%

Traditional cash on cash: 5.49%

Airbnb Rental Income: $1339

Traditional Rental Income: $1959

Airbnb ROI: 0.75%

Traditional ROI: 5.49%

1160 Westlawn Dr

Kankakee, IL

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

$220,000

Airbnb cash on cash: 2.43%

Traditional cash on cash: 7.45%

Airbnb Rental Income: $1339

Traditional Rental Income: $1974

Airbnb ROI: 2.43%

Traditional ROI: 7.45%

3172 Sun Valley Dr

Kankakee, IL

4 beds | 3 baths | 1,950 sq.ft.

$549,900

Airbnb cash on cash: 0.87%

Traditional cash on cash: 3.64%

Airbnb Rental Income: $1611

Traditional Rental Income: $2577

Airbnb ROI: 0.87%

Traditional ROI: 3.64%

1095-1097 E Merchant St

Kankakee, IL

5 beds | 2 baths | N/A

$195,000

Airbnb cash on cash: 3.5%

Traditional cash on cash: 10.89%

Airbnb Rental Income: $1611

Traditional Rental Income: $2522

Airbnb ROI: 3.5%

Traditional ROI: 10.89%

2205 W Hickory St

Kankakee, IL

3 beds | 1 baths | 1,032 sq.ft.

$184,900

Airbnb cash on cash: 2.22%

Traditional cash on cash: 5.83%

Airbnb Rental Income: $1339

Traditional Rental Income: $1561

Airbnb ROI: 2.22%

Traditional ROI: 5.83%

1801 E Duane Blvd

Kankakee, IL

3 beds | 1 baths | 1,200 sq.ft.

$199,000

Airbnb cash on cash: 1.69%

Traditional cash on cash: 6.96%

Airbnb Rental Income: $1339

Traditional Rental Income: $1923

Airbnb ROI: 1.69%