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.

Wantage Investment Property for Sale in Kankakee, IL

Search for Wantage Investment Property for Sale in Kankakee, Illinois. Browse all of Mashvisor’s Wantage Investment Property listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 41 Wantage Investment Property listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
895 Country Club Drive Kankakee, IL Recent updates in 2024-2025 include: roof, front gutters, main bath, flooring, garage door...	3 beds \| 3 baths \| 1,856 sq.ft.	$208,000	Airbnb cash on cash: 4.72% Traditional cash on cash: 8.86% Airbnb Rental Income: $2266 Traditional Rental Income: $2515 Airbnb ROI: 4.72% Traditional ROI: 8.86%
957 S 7th Avenue Kankakee, IL Welcome to your next home in desirable west Kankakee. This 3 bedroom, 2 bath house has a f...	3 beds \| 2 baths \| 1,248 sq.ft.	$185,000	Airbnb cash on cash: 6.25% Traditional cash on cash: 7.76% Airbnb Rental Income: $2266 Traditional Rental Income: $1965 Airbnb ROI: 6.25% Traditional ROI: 7.76%
1055 S Myrtle Avenue Kankakee, IL Welcome Home. This 4 bedroom 1.5 bath with a full Basement offers updated kitchen beautif...	4 beds \| 2 baths \| 2,000 sq.ft.	$249,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.02% Airbnb Rental Income: $null Traditional Rental Income: $2514 Airbnb ROI: N/A Traditional ROI: 7.02%
231 S Chicago Avenue 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.	$220,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.98% Airbnb Rental Income: $null Traditional Rental Income: $2274 Airbnb ROI: N/A Traditional ROI: 7.98%
27 Marquette Lane Kankakee, IL Sprawling Ranch home! With close to 4000 Sq ft of living space, you have so many options w...	4 beds \| 5 baths \| 3,924 sq.ft.	$445,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.52% Airbnb Rental Income: $null Traditional Rental Income: $4931 Airbnb ROI: N/A Traditional ROI: 8.52%
1095-1097 E Merchant Street Kankakee, IL Fantastic Investment Opportunity in Kankakee! This remodeled 2-unit building is ideal for ...	5 beds \| N/A baths \| N/A	$195,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.89% Airbnb Rental Income: $null Traditional Rental Income: $2522 Airbnb ROI: N/A Traditional ROI: 10.89%
3435 S Riverview Court Kankakee, IL River Cottage, waiting for it's new owner. Imagine the possibilities, and the seasons on t...	1 beds \| 1 baths \| 671 sq.ft.	$160,000	Airbnb cash on cash: 1.68% Traditional cash on cash: 4.44% Airbnb Rental Income: $1369 Traditional Rental Income: $1374 Airbnb ROI: 1.68% Traditional ROI: 4.44%
353 S 5th Avenue S Kankakee, IL Step inside this spacious 3-story, 4-bedroom, 2-bath home that combines charm with modern ...	4 beds \| 2 baths \| 2,000 sq.ft.	$190,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.13% Airbnb Rental Income: $null Traditional Rental Income: $2524 Airbnb ROI: N/A Traditional ROI: 11.13%
1100 W Calista Street Kankakee, IL Welcome to this beautiful and expansive 3,900 sq ft 2-story home in Kankakee, backing up t...	4 beds \| 3 baths \| 3,900 sq.ft.	$354,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.98% Airbnb Rental Income: $null Traditional Rental Income: $3137 Airbnb ROI: N/A Traditional ROI: 4.98%
837 S 4th Avenue Kankakee, IL If you're searching for a move-in-ready home, look no further. This beautifully updated re...	3 beds \| 2 baths \| 1,672 sq.ft.	$184,500	Airbnb cash on cash: 6.08% Traditional cash on cash: 8.61% Airbnb Rental Income: $2266 Traditional Rental Income: $2143 Airbnb ROI: 6.08% Traditional ROI: 8.61%
2886 S Southbrook Drive Kankakee, IL See the potential in the large raised ranch brick home in Kankakee. This home has 3 bedro...	3 beds \| 2 baths \| 1,500 sq.ft.	$203,400	Airbnb cash on cash: 4.23% Traditional cash on cash: 6.53% Airbnb Rental Income: $2266 Traditional Rental Income: $2144 Airbnb ROI: 4.23% Traditional ROI: 6.53%
1875 Notre Dame Street Kankakee, IL You won't want to miss this move in ready Ranch, tucked away in this quiet location! Lami...	3 beds \| 1 baths \| 1,120 sq.ft.	$195,000	Airbnb cash on cash: 6.36% Traditional cash on cash: 6.22% Airbnb Rental Income: $2266 Traditional Rental Income: $1673 Airbnb ROI: 6.36% Traditional ROI: 6.22%
1068 S Wildwood Avenue Kankakee, IL Welcome to this beautiful brick home located in the desirable Historic Riverview subdivisi...	4 beds \| 3 baths \| 2,367 sq.ft.	$315,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.78% Airbnb Rental Income: $null Traditional Rental Income: $2995 Airbnb ROI: N/A Traditional ROI: 6.78%
382 S Elm Avenue Kankakee, IL Welcome to your stunning new home in Kankakee! This fully remodeled and spacious 3-bedroom...	3 beds \| 2 baths \| 1,108 sq.ft.	$229,900	Airbnb cash on cash: 5.23% Traditional cash on cash: 5.82% Airbnb Rental Income: $2266 Traditional Rental Income: $1829 Airbnb ROI: 5.23% Traditional ROI: 5.82%
245 N 6th Avenue Kankakee, IL Completely recently renovated home, all within the last few years! Tastefully updated incl...	2 beds \| 2 baths \| 720 sq.ft.	$120,000	Airbnb cash on cash: 6.35% Traditional cash on cash: 9% Airbnb Rental Income: $1747 Traditional Rental Income: $1573 Airbnb ROI: 6.35% Traditional ROI: 9%
428 W Williams Street Kankakee, IL So much space in this move in condition 2 Story with 4-5 Bedrooms! On the main level ther...	5 beds \| 2 baths \| 1,916 sq.ft.	$215,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.84% Airbnb Rental Income: $null Traditional Rental Income: $2514 Airbnb ROI: N/A Traditional ROI: 8.84%
4673 W 3000n Road Kankakee, IL Where do we start on a place like this?! There's so much attention to detail and craftsman...	5 beds \| 5 baths \| 2,466 sq.ft.	$925,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.96% Airbnb Rental Income: $null Traditional Rental Income: $3977 Airbnb ROI: N/A Traditional ROI: 1.96%
1405 Navajo Court Kankakee, IL This stunning 2024 new build located in the prestigious Limestone area within the highly s...	3 beds \| 3 baths \| 1,777 sq.ft.	$350,000	Airbnb cash on cash: 0.63% Traditional cash on cash: 3.52% Airbnb Rental Income: $2266 Traditional Rental Income: $2648 Airbnb ROI: 0.63% Traditional ROI: 3.52%
370 S Albert Boulevard Kankakee, IL Completely Renovated & Move-In Ready! This stunning 5-bedroom, 2 full bath home has been f...	3 beds \| 2 baths \| 1,260 sq.ft.	$220,000	Airbnb cash on cash: 5.82% Traditional cash on cash: 6.94% Airbnb Rental Income: $2266 Traditional Rental Income: $1931 Airbnb ROI: 5.82% Traditional ROI: 6.94%
1288 N Tower Road Kankakee, IL Welcome to this charming home located in the desirable Limestone Township, within the Hers...	3 beds \| 2 baths \| 1,064 sq.ft.	$216,000	Airbnb cash on cash: 5.58% Traditional cash on cash: 6.26% Airbnb Rental Income: $2266 Traditional Rental Income: $1838 Airbnb ROI: 5.58% Traditional ROI: 6.26%
824 S Mckinley Avenue Kankakee, IL Welcome to your dream home in West Kankakee! This spacious 4-bedroom, 2.5-bath residence o...	4 beds \| 3 baths \| 1,664 sq.ft.	$215,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.14% Airbnb Rental Income: $null Traditional Rental Income: $2409 Airbnb ROI: N/A Traditional ROI: 7.14%
3150 River Road Kankakee, IL Charming Ranch Across from the Kankakee River - No Flood Insurance Required. Welcome to th...	3 beds \| 1 baths \| 1,224 sq.ft.	$214,900	Airbnb cash on cash: 5.3% Traditional cash on cash: 5.61% Airbnb Rental Income: $2266 Traditional Rental Income: $1763 Airbnb ROI: 5.3% Traditional ROI: 5.61%
12 Baker Street Kankakee, IL This charming all-brick ranch with a full basement is super clean and ready for you. Step ...	3 beds \| 2 baths \| 1,143 sq.ft.	$158,000	Airbnb cash on cash: 9.34% Traditional cash on cash: 10.47% Airbnb Rental Income: $2266 Traditional Rental Income: $1870 Airbnb ROI: 9.34% Traditional ROI: 10.47%
2690 Waldron Road Kankakee, IL Spacious brick ranch on a .33-acre lot offering 1,847 sq ft of comfortable living space! T...	2 beds \| 2 baths \| 1,847 sq.ft.	$239,900	Airbnb cash on cash: 2.12% Traditional cash on cash: 6.3% Airbnb Rental Income: $1747 Traditional Rental Income: $2214 Airbnb ROI: 2.12% Traditional ROI: 6.3%
355 S Evergreen Avenue Kankakee, IL Great Open concept home in Kankakee! This may be a 2 br home, but with the open concept, l...	2 beds \| 1 baths \| 1,060 sq.ft.	$159,900	Airbnb cash on cash: 4.95% Traditional cash on cash: 7.06% Airbnb Rental Income: $1747 Traditional Rental Income: $1589 Airbnb ROI: 4.95% Traditional ROI: 7.06%
435 S Myrtle Avenue Kankakee, IL Need a home with a TON of living space? We have found it! This home on Myrtle has an enclo...	4 beds \| 2 baths \| 2,128 sq.ft.	$195,500	Airbnb cash on cash: N/A Traditional cash on cash: 11.47% Airbnb Rental Income: $null Traditional Rental Income: $2688 Airbnb ROI: N/A Traditional ROI: 11.47%
643 S Elm Avenue Kankakee, IL Stunning Fully Renovated Riverview Home on a Spacious Lot This home offers four bedrooms...	4 beds \| 2 baths \| 1,344 sq.ft.	$194,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.34% Airbnb Rental Income: $null Traditional Rental Income: $2025 Airbnb ROI: N/A Traditional ROI: 7.34%
1855 Notre Dame Kankakee, IL Step inside this beautifully remodeled Ranch home and enjoy all of the fresh modern update...	3 beds \| 1 baths \| 1,120 sq.ft.	$189,900	Airbnb cash on cash: 6.4% Traditional cash on cash: 6.73% Airbnb Rental Income: $2266 Traditional Rental Income: $1759 Airbnb ROI: 6.4% Traditional ROI: 6.73%
187 E Water Street Kankakee, IL Discover the ultimate riverfront retreat in Kankakee! This magnificent custom-built three-...	3 beds \| 2 baths \| 1,550 sq.ft.	$340,000	Airbnb cash on cash: -0.04% Traditional cash on cash: 2.52% Airbnb Rental Income: $2266 Traditional Rental Income: $2516 Airbnb ROI: -0.04% Traditional ROI: 2.52%

Your search for investment property begins and ends here

Wantage Investment Property for Sale in Kankakee, IL

895 Country Club Drive

Kankakee, IL

3 beds | 3 baths | 1,856 sq.ft.

$208,000

Airbnb cash on cash: 4.72%

Traditional cash on cash: 8.86%

Airbnb Rental Income: $2266

Traditional Rental Income: $2515

Airbnb ROI: 4.72%

Traditional ROI: 8.86%

957 S 7th Avenue

Kankakee, IL

3 beds | 2 baths | 1,248 sq.ft.

$185,000

Airbnb cash on cash: 6.25%

Traditional cash on cash: 7.76%

Airbnb Rental Income: $2266

Traditional Rental Income: $1965

Airbnb ROI: 6.25%

Traditional ROI: 7.76%

1055 S Myrtle Avenue

Kankakee, IL

4 beds | 2 baths | 2,000 sq.ft.

$249,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.02%

Airbnb Rental Income: $null

Traditional Rental Income: $2514

Airbnb ROI: N/A

Traditional ROI: 7.02%

231 S Chicago Avenue

Kankakee, IL

4 beds | 2 baths | 2,126 sq.ft.

$220,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.98%

Airbnb Rental Income: $null

Traditional Rental Income: $2274

Airbnb ROI: N/A

Traditional ROI: 7.98%

27 Marquette Lane

Kankakee, IL

4 beds | 5 baths | 3,924 sq.ft.

$445,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.52%

Airbnb Rental Income: $null

Traditional Rental Income: $4931

Airbnb ROI: N/A

Traditional ROI: 8.52%

1095-1097 E Merchant Street

Kankakee, IL

5 beds | N/A baths | N/A

$195,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.89%

Airbnb Rental Income: $null

Traditional Rental Income: $2522

Airbnb ROI: N/A

Traditional ROI: 10.89%

3435 S Riverview Court

Kankakee, IL

1 beds | 1 baths | 671 sq.ft.

$160,000

Airbnb cash on cash: 1.68%

Traditional cash on cash: 4.44%

Airbnb Rental Income: $1369

Traditional Rental Income: $1374

Airbnb ROI: 1.68%

Traditional ROI: 4.44%

353 S 5th Avenue S

Kankakee, IL

4 beds | 2 baths | 2,000 sq.ft.

$190,000

Airbnb cash on cash: N/A

Traditional cash on cash: 11.13%

Airbnb Rental Income: $null

Traditional Rental Income: $2524

Airbnb ROI: N/A