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 HIGHLY motivated seller, bring all offers! This large 2 story home features 5 bedrooms and...	5 beds \| 3 baths \| 2,400 sq.ft.	$264,500	Airbnb cash on cash: N/A Traditional cash on cash: 4.92% Airbnb Rental Income: $null Traditional Rental Income: $2113 Airbnb ROI: N/A Traditional ROI: 4.92%
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: -0.21% Traditional cash on cash: 6.16% Airbnb Rental Income: $800 Traditional Rental Income: $1834 Airbnb ROI: -0.21% Traditional ROI: 6.16%
369 S Chicago Avenue 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: 7.71% Airbnb Rental Income: $null Traditional Rental Income: $2344 Airbnb ROI: N/A Traditional ROI: 7.71%
863 W Williams St Kankakee, IL Experience total peace of mind in this 3-bedroom, 1.1-bathroom home where every major upda...	3 beds \| 1 baths \| 1,436 sq.ft.	$169,900	Airbnb cash on cash: 2.24% Traditional cash on cash: 8.9% Airbnb Rental Income: $1377 Traditional Rental Income: $2037 Airbnb ROI: 2.24% Traditional ROI: 8.9%
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: 5.89% Airbnb Rental Income: $null Traditional Rental Income: $3118 Airbnb ROI: N/A Traditional ROI: 5.89%
1905 Indian Trl Kankakee, IL	N/A beds \| N/A baths \| N/A	$185,900	Airbnb cash on cash: -0.15% Traditional cash on cash: -0.16% Airbnb Rental Income: $991 Traditional Rental Income: $636 Airbnb ROI: -0.15% Traditional ROI: -0.16%
1917 Indian Trl Kankakee, IL	N/A beds \| N/A baths \| N/A	$185,900	Airbnb cash on cash: -0.15% Traditional cash on cash: 0.33% Airbnb Rental Income: $991 Traditional Rental Income: $722 Airbnb ROI: -0.15% Traditional ROI: 0.33%
1221 E Chestnut St Kankakee, IL	3 beds \| 1 baths \| 1,950 sq.ft.	$89,585	Airbnb cash on cash: 4.62% Traditional cash on cash: 8.66% Airbnb Rental Income: $1377 Traditional Rental Income: $1312 Airbnb ROI: 4.62% Traditional ROI: 8.66%
1863 E Duane Blvd Kankakee, IL Back on the Market and Better Than Ever!!!! This beautifully rehabbed one and a half story...	3 beds \| 1 baths \| 1,245 sq.ft.	$199,900	Airbnb cash on cash: 1.61% Traditional cash on cash: 5.87% Airbnb Rental Income: $1377 Traditional Rental Income: $1767 Airbnb ROI: 1.61% Traditional ROI: 5.87%
5101 W 1000 Rd N Kankakee, IL 5101 W 1000 Rd N, Kankakee, IL 60901 \| Single Family Residential	4 beds \| 2 baths \| 1,700 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.89% Airbnb Rental Income: $null Traditional Rental Income: $1941 Airbnb ROI: N/A Traditional ROI: 3.89%
1496 W Lotus Ln Kankakee, IL Come and enjoy the easy living of this spacious Tri-Level in Limestone Township, offering ...	4 beds \| 2 baths \| 2,149 sq.ft.	$325,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.17% Airbnb Rental Income: $null Traditional Rental Income: $2475 Airbnb ROI: N/A Traditional ROI: 5.17%
553 S Greenwood Ave Kankakee, IL Recently remodeled, fully furnished, and move-in ready, this beautifully updated home in K...	3 beds \| 2 baths \| 2,000 sq.ft.	$274,900	Airbnb cash on cash: 1.37% Traditional cash on cash: 6.7% Airbnb Rental Income: $1377 Traditional Rental Income: $2340 Airbnb ROI: 1.37% Traditional ROI: 6.7%
975 W Park Drive Kankakee, IL	4 beds \| 1 baths \| 1,100 sq.ft.	$149,900	Airbnb cash on cash: N/A Traditional cash on cash: 7% Airbnb Rental Income: $null Traditional Rental Income: $1589 Airbnb ROI: N/A Traditional ROI: 7%
210 S Small Ave Kankakee, IL Private courtyard space invites you into this beautifully refreshed sprawling 3100 square ...	3 beds \| 3 baths \| 3,100 sq.ft.	$409,500	Airbnb cash on cash: -0.7% Traditional cash on cash: 4.63% Airbnb Rental Income: $1377 Traditional Rental Income: $3005 Airbnb ROI: -0.7% Traditional ROI: 4.63%
357 S Rosewood Ave Kankakee, IL Don't miss this well-maintained 2-unit property in the heart of Kankakee! Whether you're a...	6 beds \| 2 baths \| N/A	$200,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.06% Airbnb Rental Income: $null Traditional Rental Income: $2730 Airbnb ROI: N/A Traditional ROI: 11.06%
3095 N 5000W Road Kankakee, IL YOU HAVE BEEN LOOKING FOR THAT SPECIAL RANCH W/ FINISHED BASEMENT AND A HUGE 72X54 HEATED ...	3 beds \| 4 baths \| 2,405 sq.ft.	$759,000	Airbnb cash on cash: -1.3% Traditional cash on cash: 1.6% Airbnb Rental Income: $1377 Traditional Rental Income: $3007 Airbnb ROI: -1.3% Traditional ROI: 1.6%
2062 W Garden Dr Kankakee, IL Welcome to your new home in Limestone, located in Herscher school district! This well-main...	4 beds \| 1 baths \| 1,964 sq.ft.	$300,000	Airbnb cash on cash: N/A Traditional cash on cash: 6% Airbnb Rental Income: $null Traditional Rental Income: $2575 Airbnb ROI: N/A Traditional ROI: 6%
2 Jan Ave Kankakee, IL 2 Jan Ave, Kankakee, IL 60901 \| Single Family Residential	3 beds \| 1 baths \| 1,200 sq.ft.	$175,000	Airbnb cash on cash: 1.97% Traditional cash on cash: 4.93% Airbnb Rental Income: $1377 Traditional Rental Income: $1451 Airbnb ROI: 1.97% Traditional ROI: 4.93%

Real Estate investment in Kankakee, IL

There are 61 properties for sale in the city of Kankakee . The median list price in Kankakee is $185,900 and the average price per square foot is $107. In May 2026, the average monthly cash on cash return in Kankakee is 7.00%. The average monthly rental income in Kankakee is $2,000.

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

There are 61 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 $2,000.

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.

$264,500

Airbnb cash on cash: N/A

Traditional cash on cash: 4.92%

Airbnb Rental Income: $null

Traditional Rental Income: $2113

Airbnb ROI: N/A

Traditional ROI: 4.92%

1257 E Sheridan St

Kankakee, IL

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

$225,000

Airbnb cash on cash: -0.21%

Traditional cash on cash: 6.16%

Airbnb Rental Income: $800

Traditional Rental Income: $1834

Airbnb ROI: -0.21%

Traditional ROI: 6.16%

369 S Chicago Avenue

Kankakee, IL

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

$242,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.71%

Airbnb Rental Income: $null

Traditional Rental Income: $2344

Airbnb ROI: N/A

Traditional ROI: 7.71%

863 W Williams St

Kankakee, IL

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

$169,900

Airbnb cash on cash: 2.24%

Traditional cash on cash: 8.9%

Airbnb Rental Income: $1377

Traditional Rental Income: $2037

Airbnb ROI: 2.24%

Traditional ROI: 8.9%

206 Julie Dr

Kankakee, IL

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

$384,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.89%

Airbnb Rental Income: $null

Traditional Rental Income: $3118

Airbnb ROI: N/A

Traditional ROI: 5.89%

1905 Indian Trl

Kankakee, IL

N/A beds | N/A baths | N/A

$185,900

Airbnb cash on cash: -0.15%

Traditional cash on cash: -0.16%

Airbnb Rental Income: $991

Traditional Rental Income: $636

Airbnb ROI: -0.15%

Traditional ROI: -0.16%

1917 Indian Trl

Kankakee, IL

N/A beds | N/A baths | N/A

$185,900

Airbnb cash on cash: -0.15%

Traditional cash on cash: 0.33%

Airbnb Rental Income: $991

Traditional Rental Income: $722

Airbnb ROI: -0.15%

Traditional ROI: 0.33%

1221 E Chestnut St

Kankakee, IL

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

$89,585

Airbnb cash on cash: 4.62%

Traditional cash on cash: 8.66%

Airbnb Rental Income: $1377

Traditional Rental Income: $1312

Airbnb ROI: 4.62%