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.

Multi Family for Sale in Kankakee, IL

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

Showing 14 Multi Family 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
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%
505 S Chicago Ave Kankakee, IL 505 S Chicago Ave, Kankakee, IL 60901 \| Multi Family	6 beds \| 2 baths \| N/A	$191,000	Airbnb cash on cash: -0.1% Traditional cash on cash: 6.84% Airbnb Rental Income: $1018 Traditional Rental Income: $1919 Airbnb ROI: -0.1% Traditional ROI: 6.84%
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	$190,000	Airbnb cash on cash: 3.95% Traditional cash on cash: 11.68% Airbnb Rental Income: $1827 Traditional Rental Income: $2730 Airbnb ROI: 3.95% Traditional ROI: 11.68%
221 S Small Ave Kankakee, IL 221 S Small Ave, Kankakee, IL 60901 \| Multi Family	7 beds \| 4 baths \| N/A	$370,000	Airbnb cash on cash: -1.24% Traditional cash on cash: 6.39% Airbnb Rental Income: $1172 Traditional Rental Income: $3438 Airbnb ROI: -1.24% Traditional ROI: 6.39%
361-365 S Evergreen Ave Kankakee, IL	4 beds \| 2 baths \| N/A	$175,000	Airbnb cash on cash: 4.22% Traditional cash on cash: 7.38% Airbnb Rental Income: $1827 Traditional Rental Income: $1860 Airbnb ROI: 4.22% Traditional ROI: 7.38%
1076 E Maple St Kankakee, IL 1076 E Maple St, Kankakee, IL 60901 \| Multi Family	5 beds \| 3 baths \| N/A	$244,999	Airbnb cash on cash: 2.13% Traditional cash on cash: 9.42% Airbnb Rental Income: $1827 Traditional Rental Income: $3022 Airbnb ROI: 2.13% Traditional ROI: 9.42%
464 Harrison Ave S Kankakee, IL	4 beds \| 2 baths \| N/A	$149,000	Airbnb cash on cash: 1.66% Traditional cash on cash: 9.15% Airbnb Rental Income: $1172 Traditional Rental Income: $1856 Airbnb ROI: 1.66% Traditional ROI: 9.15%
592 N Dearborn Ave Kankakee, IL 592 N Dearborn Ave, Kankakee, IL 60901 \| Multi Family	4 beds \| 2 baths \| N/A	$148,000	Airbnb cash on cash: 1.69% Traditional cash on cash: 8.59% Airbnb Rental Income: $1172 Traditional Rental Income: $1765 Airbnb ROI: 1.69% Traditional ROI: 8.59%
768 N Indiana Ave Kankakee, IL	5 beds \| 2 baths \| N/A	$139,000	Airbnb cash on cash: 2% Traditional cash on cash: 11.34% Airbnb Rental Income: $1172 Traditional Rental Income: $2034 Airbnb ROI: 2% Traditional ROI: 11.34%
641 N Indiana Ave Kankakee, IL	3 beds \| 2 baths \| N/A	$139,000	Airbnb cash on cash: 2% Traditional cash on cash: 7.18% Airbnb Rental Income: $1172 Traditional Rental Income: $1479 Airbnb ROI: 2% Traditional ROI: 7.18%
259 N Evergreen Ave Kankakee, IL 259 N Evergreen Ave, Kankakee, IL 60901 \| Multi Family	2 beds \| 2 baths \| N/A	$140,000	Airbnb cash on cash: 1.96% Traditional cash on cash: 5.55% Airbnb Rental Income: $1172 Traditional Rental Income: $1270 Airbnb ROI: 1.96% Traditional ROI: 5.55%
360 S Washington Ave Kankakee, IL	4 beds \| 3 baths \| N/A	$180,000	Airbnb cash on cash: 0.83% Traditional cash on cash: 11.22% Airbnb Rental Income: $1172 Traditional Rental Income: $2567 Airbnb ROI: 0.83% Traditional ROI: 11.22%
1179 S Schuyler Ave Kankakee, IL 1179 S Schuyler Ave, Kankakee, IL 60901 \| Multi Family	4 beds \| 2 baths \| N/A	$139,900	Airbnb cash on cash: 6.03% Traditional cash on cash: 9.21% Airbnb Rental Income: $1827 Traditional Rental Income: $1760 Airbnb ROI: 6.03% Traditional ROI: 9.21%
355 E Bourbonnais St Kankakee, IL 355 E Bourbonnais St, Kankakee, IL 60901 \| Multi Family	6 beds \| 2 baths \| N/A	$139,000	Airbnb cash on cash: 6.09% Traditional cash on cash: 10.95% Airbnb Rental Income: $1827 Traditional Rental Income: $1982 Airbnb ROI: 6.09% Traditional ROI: 10.95%

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Multi Family for Sale in Kankakee, IL

1095-1097 E Merchant St

Kankakee, IL

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%

505 S Chicago Ave

Kankakee, IL

6 beds | 2 baths | N/A

$191,000

Airbnb cash on cash: -0.1%

Traditional cash on cash: 6.84%

Airbnb Rental Income: $1018

Traditional Rental Income: $1919

Airbnb ROI: -0.1%

Traditional ROI: 6.84%

357 S Rosewood Ave

Kankakee, IL

6 beds | 2 baths | N/A

$190,000

Airbnb cash on cash: 3.95%

Traditional cash on cash: 11.68%

Airbnb Rental Income: $1827

Traditional Rental Income: $2730

Airbnb ROI: 3.95%

Traditional ROI: 11.68%

221 S Small Ave

Kankakee, IL

7 beds | 4 baths | N/A

$370,000

Airbnb cash on cash: -1.24%

Traditional cash on cash: 6.39%

Airbnb Rental Income: $1172

Traditional Rental Income: $3438

Airbnb ROI: -1.24%

Traditional ROI: 6.39%

361-365 S Evergreen Ave

Kankakee, IL

4 beds | 2 baths | N/A

$175,000

Airbnb cash on cash: 4.22%

Traditional cash on cash: 7.38%

Airbnb Rental Income: $1827

Traditional Rental Income: $1860

Airbnb ROI: 4.22%

Traditional ROI: 7.38%

1076 E Maple St

Kankakee, IL

5 beds | 3 baths | N/A

$244,999

Airbnb cash on cash: 2.13%

Traditional cash on cash: 9.42%

Airbnb Rental Income: $1827

Traditional Rental Income: $3022

Airbnb ROI: 2.13%

Traditional ROI: 9.42%

464 Harrison Ave S

Kankakee, IL

4 beds | 2 baths | N/A

$149,000

Airbnb cash on cash: 1.66%

Traditional cash on cash: 9.15%

Airbnb Rental Income: $1172

Traditional Rental Income: $1856

Airbnb ROI: 1.66%

Traditional ROI: 9.15%

592 N Dearborn Ave

Kankakee, IL

4 beds | 2 baths | N/A

$148,000

Airbnb cash on cash: 1.69%

Traditional cash on cash: 8.59%

Airbnb Rental Income: $1172

Traditional Rental Income: $1765

Airbnb ROI: 1.69%