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 2 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
1494 Timber Ridge Court Kankakee, IL Investors Welcome - Make an offer! Tucked on a quiet cul-de-sac, this 3-bed, 2-bath townho...	3 beds \| 2 baths \| 1,715 sq.ft.	$162,000	Airbnb cash on cash: 4.83% Traditional cash on cash: 7.77% Airbnb Rental Income: $2297 Traditional Rental Income: $2180 Airbnb ROI: 4.83% Traditional ROI: 7.77%
1496 Timber Ridge Court Kankakee, IL Well kept townhouse in the desirable Timber Ridge subdivision in West Kankakee. 3 bedroom ...	3 beds \| 3 baths \| 1,715 sq.ft.	$204,900	Airbnb cash on cash: 1.31% Traditional cash on cash: 6.81% Airbnb Rental Income: $1699 Traditional Rental Income: $2296 Airbnb ROI: 1.31% Traditional ROI: 6.81%
Other Investment Properties for Sale in Kankakee
545 S Fraser Avenue Kankakee , IL Adorable and Affordable Ranch in West Kankakee! This 2 bedroom 2 bath home has additional ...	2 beds \| 2 baths \| 1,200 sq.ft.	$159,000	Airbnb cash on cash: 1.26% Traditional cash on cash: 7.53% Airbnb Rental Income: $1334 Traditional Rental Income: $1874 Airbnb ROI: 1.26% Traditional ROI: 7.53%
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.	$175,000	Airbnb cash on cash: 3.82% Traditional cash on cash: 8.25% Airbnb Rental Income: $1699 Traditional Rental Income: $1965 Airbnb ROI: 3.82% Traditional ROI: 8.25%
2925 Waldron Rd Kankakee , IL Start making memories in this beautiful, 4 bedroom, 2 bath, 2 story home on an oversized c...	4 beds \| 2 baths \| 2,063 sq.ft.	$241,900	Airbnb cash on cash: 3.92% Traditional cash on cash: 5.5% Airbnb Rental Income: $2297 Traditional Rental Income: $2085 Airbnb ROI: 3.92% Traditional ROI: 5.5%
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.	$210,000	Airbnb cash on cash: 5.64% Traditional cash on cash: 8.4% Airbnb Rental Income: $2297 Traditional Rental Income: $2274 Airbnb ROI: 5.64% Traditional ROI: 8.4%
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.	$249,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.47% Airbnb Rental Income: $null Traditional Rental Income: $2344 Airbnb ROI: N/A Traditional ROI: 7.47%
378 S Evergreen Avenue Kankakee , IL Large and spacious recently rehabbed home ...featuring: New : windows, doors, roof, plumb...	3 beds \| 3 baths \| 1,440 sq.ft.	$219,900	Airbnb cash on cash: 3% Traditional cash on cash: 6.22% Airbnb Rental Income: $1699 Traditional Rental Income: $1897 Airbnb ROI: 3% Traditional ROI: 6.22%
1470 S 5th Avenue Kankakee , IL Newly rehabbed home with some new windows, brand new roof, new Luxury Vinyl Plank Hardwood...	3 beds \| 1 baths \| 1,408 sq.ft.	$199,900	Airbnb cash on cash: 2.7% Traditional cash on cash: 5.71% Airbnb Rental Income: $1699 Traditional Rental Income: $1798 Airbnb ROI: 2.7% Traditional ROI: 5.71%
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: 0.83% Traditional cash on cash: 8.52% Airbnb Rental Income: $2297 Traditional Rental Income: $4931 Airbnb ROI: 0.83% Traditional ROI: 8.52%
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.	$180,000	Airbnb cash on cash: 7.13% Traditional cash on cash: 11.79% Airbnb Rental Income: $2297 Traditional Rental Income: $2524 Airbnb ROI: 7.13% Traditional ROI: 11.79%
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.	$164,754	Airbnb cash on cash: 2.41% Traditional cash on cash: 8.24% Airbnb Rental Income: $1699 Traditional Rental Income: $2144 Airbnb ROI: 2.41% Traditional ROI: 8.24%
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.	$225,000	Airbnb cash on cash: 3.14% Traditional cash on cash: 5.97% Airbnb Rental Income: $1699 Traditional Rental Income: $1829 Airbnb ROI: 3.14% Traditional ROI: 5.97%
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.	$210,000	Airbnb cash on cash: 3.77% Traditional cash on cash: 7.3% Airbnb Rental Income: $1699 Traditional Rental Income: $1931 Airbnb ROI: 3.77% Traditional ROI: 7.3%
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.	$205,000	Airbnb cash on cash: 4.01% Traditional cash on cash: 7.53% Airbnb Rental Income: $2297 Traditional Rental Income: $2409 Airbnb ROI: 4.01% Traditional ROI: 7.53%

Your search for investment property begins and ends here

Multi Family for Sale in Kankakee, IL

1494 Timber Ridge Court

Kankakee, IL

3 beds | 2 baths | 1,715 sq.ft.

$162,000

Airbnb cash on cash: 4.83%

Traditional cash on cash: 7.77%

Airbnb Rental Income: $2297

Traditional Rental Income: $2180

Airbnb ROI: 4.83%

Traditional ROI: 7.77%

1496 Timber Ridge Court

Kankakee, IL

3 beds | 3 baths | 1,715 sq.ft.

$204,900

Airbnb cash on cash: 1.31%

Traditional cash on cash: 6.81%

Airbnb Rental Income: $1699

Traditional Rental Income: $2296

Airbnb ROI: 1.31%

Traditional ROI: 6.81%

Other Investment Properties for Sale in Kankakee

Kankakee , IL

2 beds | 2 baths | 1,200 sq.ft.

$159,000

Airbnb cash on cash: 1.26%

Traditional cash on cash: 7.53%

Airbnb Rental Income: $1334

Traditional Rental Income: $1874

Airbnb ROI: 1.26%

Traditional ROI: 7.53%

Kankakee , IL

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

$175,000

Airbnb cash on cash: 3.82%

Traditional cash on cash: 8.25%

Airbnb Rental Income: $1699

Traditional Rental Income: $1965

Airbnb ROI: 3.82%

Traditional ROI: 8.25%

Kankakee , IL

4 beds | 2 baths | 2,063 sq.ft.

$241,900

Airbnb cash on cash: 3.92%

Traditional cash on cash: 5.5%

Airbnb Rental Income: $2297

Traditional Rental Income: $2085

Airbnb ROI: 3.92%

Traditional ROI: 5.5%

Kankakee , IL

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

$210,000

Airbnb cash on cash: 5.64%

Traditional cash on cash: 8.4%

Airbnb Rental Income: $2297

Traditional Rental Income: $2274

Airbnb ROI: 5.64%

Traditional ROI: 8.4%

Kankakee , IL

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

$249,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.47%

Airbnb Rental Income: $null

Traditional Rental Income: $2344

Airbnb ROI: N/A

Traditional ROI: 7.47%

Kankakee , IL

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

$219,900

Airbnb cash on cash: 3%

Traditional cash on cash: 6.22%

Airbnb Rental Income: $1699

Traditional Rental Income: $1897

Airbnb ROI: 3%

Traditional ROI: 6.22%

Kankakee , IL

3 beds | 1 baths | 1,408 sq.ft.

$199,900

Airbnb cash on cash: 2.7%