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.

Single Family Homes for Sale in Kankakee, IL

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

Showing 65 Single Family Residential 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
1 Shannon Rd Kankakee, IL Located just outside Aroma Park, Illinois is this Amazing Waterfront home on boatable area...	3 beds \| 3 baths \| 3,200 sq.ft.	$680,000	Airbnb cash on cash: -0.76% Traditional cash on cash: 1.57% Airbnb Rental Income: $1827 Traditional Rental Income: $2812 Airbnb ROI: -0.76% Traditional ROI: 1.57%
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.	$179,800	Airbnb cash on cash: 3.92% Traditional cash on cash: 7.18% Airbnb Rental Income: $1827 Traditional Rental Income: $1892 Airbnb ROI: 3.92% Traditional ROI: 7.18%
1355 S 7th Ave Kankakee, IL Property is available for sale on it's own but has the option to be purchased with other p...	4 beds \| 1 baths \| 1,568 sq.ft.	$99,999	Airbnb cash on cash: N/A Traditional cash on cash: 9.18% Airbnb Rental Income: $null Traditional Rental Income: $1438 Airbnb ROI: N/A Traditional ROI: 9.18%
231 S Chicago Ave 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.	$190,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.36% Airbnb Rental Income: $null Traditional Rental Income: $2274 Airbnb ROI: N/A Traditional ROI: 9.36%
369 S Chicago Ave Kankakee, IL Updated 5-bedroom Colonial home for sale in Kankakee featuring two kitchens, two electric ...	5 beds \| 2 baths \| 1,648 sq.ft.	$235,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.96% Airbnb Rental Income: $null Traditional Rental Income: $2344 Airbnb ROI: N/A Traditional ROI: 7.96%
619 S Myrtle Ave Kankakee, IL Completely remodeled home, at an affordable price! LVP flooring throughout that main level...	3 beds \| 2 baths \| 1,720 sq.ft.	$192,000	Airbnb cash on cash: 4.43% Traditional cash on cash: 8.2% Airbnb Rental Income: $1827 Traditional Rental Income: $2022 Airbnb ROI: 4.43% Traditional ROI: 8.2%
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.	$214,900	Airbnb cash on cash: 4.5% Traditional cash on cash: 7.65% Airbnb Rental Income: $1827 Traditional Rental Income: $1974 Airbnb ROI: 4.5% Traditional ROI: 7.65%
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.	$535,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.77% Airbnb Rental Income: $null Traditional Rental Income: $2577 Airbnb ROI: N/A Traditional ROI: 3.77%
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: 4.54% Traditional cash on cash: 5.83% Airbnb Rental Income: $1827 Traditional Rental Income: $1561 Airbnb ROI: 4.54% Traditional ROI: 5.83%
2886 S Southbrook Dr Kankakee, IL See the potential in the large raised ranch brick home in Kankakee. This home has 3 bedroo...	3 beds \| 2 baths \| 3,000 sq.ft.	$248,888	Airbnb cash on cash: 1.73% Traditional cash on cash: 5.18% Airbnb Rental Income: $1827 Traditional Rental Income: $2144 Airbnb ROI: 1.73% Traditional ROI: 5.18%
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: 4.55% Traditional cash on cash: 8.9% Airbnb Rental Income: $1827 Traditional Rental Income: $2037 Airbnb ROI: 4.55% 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.	$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: 2.1% Traditional cash on cash: 7.86% Airbnb Rental Income: $1172 Traditional Rental Income: $1454 Airbnb ROI: 2.1% 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 5690 W State Route 17, Kankakee, IL 60901 \| Single Family Residential	4 beds \| 1 baths \| 2,012 sq.ft.	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.93% Airbnb Rental Income: $null Traditional Rental Income: $2345 Airbnb ROI: N/A Traditional ROI: 9.93%
838 N Rosewood Ave Kankakee, IL	2 beds \| 1 baths \| 780 sq.ft.	$160,000	Airbnb cash on cash: 1.33% Traditional cash on cash: 3.06% Airbnb Rental Income: $1172 Traditional Rental Income: $1052 Airbnb ROI: 1.33% Traditional ROI: 3.06%
312 Stone St Kankakee, IL 312 Stone St, Kankakee, IL 60901 \| Single Family Residential	3 beds \| 2 baths \| 1,020 sq.ft.	$169,900	Airbnb cash on cash: 4.44% Traditional cash on cash: 5.74% Airbnb Rental Income: $1827 Traditional Rental Income: $1544 Airbnb ROI: 4.44% 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.	$269,900	Airbnb cash on cash: 1.63% Traditional cash on cash: 4.48% Airbnb Rental Income: $1827 Traditional Rental Income: $2057 Airbnb ROI: 1.63% Traditional ROI: 4.48%
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: N/A Traditional cash on cash: 2.43% Airbnb Rental Income: $null Traditional Rental Income: $2221 Airbnb ROI: N/A Traditional ROI: 2.43%
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: 4.42% Traditional cash on cash: 6.07% Airbnb Rental Income: $1827 Traditional Rental Income: $1676 Airbnb ROI: 4.42% Traditional ROI: 6.07%
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.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.3% Airbnb Rental Income: $null Traditional Rental Income: $1941 Airbnb ROI: N/A Traditional ROI: 4.3%
1496 W Lotus Ln Kankakee, IL Well-maintained and thoughtfully updated, this 4 Bedroom, 2 Bath Tri-Level offers the peac...	4 beds \| 2 baths \| 2,149 sq.ft.	$315,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.27% Airbnb Rental Income: $null Traditional Rental Income: $2475 Airbnb ROI: N/A Traditional ROI: 5.27%
702 S Lincoln Ave Kankakee, IL 702 S Lincoln Ave, Kankakee, IL 60901 \| Single Family Residential	4 beds \| 2 baths \| 1,600 sq.ft.	$244,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.93% Airbnb Rental Income: $null Traditional Rental Income: $1982 Airbnb ROI: N/A Traditional ROI: 4.93%
912 S Greenwood Ave Kankakee, IL 912 S Greenwood Ave, Kankakee, IL 60901 \| Single Family Residential	4 beds \| 2 baths \| 3,775 sq.ft.	$410,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.56% Airbnb Rental Income: $null Traditional Rental Income: $1939 Airbnb ROI: N/A Traditional ROI: 1.56%
780 S Elm Ave Kankakee, IL 780 S Elm Ave, Kankakee, IL 60901 \| Single Family Residential	3 beds \| 1 baths \| 1,008 sq.ft.	$159,987	Airbnb cash on cash: 4.9% Traditional cash on cash: 5.03% Airbnb Rental Income: $1827 Traditional Rental Income: $1354 Airbnb ROI: 4.9% Traditional ROI: 5.03%
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.	$399,900	Airbnb cash on cash: 0.31% Traditional cash on cash: 4.77% Airbnb Rental Income: $1827 Traditional Rental Income: $3005 Airbnb ROI: 0.31% Traditional ROI: 4.77%
3858 E Lakeview Dr Kankakee, IL 3858 E Lakeview Dr, Kankakee, IL 60901 \| Single Family Residential	3 beds \| 1 baths \| 1,200 sq.ft.	$200,000	Airbnb cash on cash: 3.31% Traditional cash on cash: 3.66% Airbnb Rental Income: $1827 Traditional Rental Income: $1401 Airbnb ROI: 3.31% Traditional ROI: 3.66%
510 N Kennedy Dr Kankakee, IL 510 N Kennedy Dr, Kankakee, IL 60901 \| Single Family Residential	1 beds \| 1 baths \| 704 sq.ft.	$84,900	Airbnb cash on cash: 4.14% Traditional cash on cash: 7.52% Airbnb Rental Income: $1070 Traditional Rental Income: $984 Airbnb ROI: 4.14% Traditional ROI: 7.52%
871 S Cheryl Ln Kankakee, IL 871 S Cheryl Ln, Kankakee, IL 60901 \| Single Family Residential	5 beds \| 3 baths \| 2,650 sq.ft.	$279,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.56% Airbnb Rental Income: $null Traditional Rental Income: $2678 Airbnb ROI: N/A Traditional ROI: 6.56%
766 Moore St Kankakee, IL Step into comfort and style with this beautifully maintained, move-in ready home in Kankak...	4 beds \| 1 baths \| 1,152 sq.ft.	$178,000	Airbnb cash on cash: N/A Traditional cash on cash: 9% Airbnb Rental Income: $null Traditional Rental Income: $1913 Airbnb ROI: N/A Traditional ROI: 9%
2857 River Rd Kankakee, IL Escape to your own private river retreat in the heart of the boatable portion of the Kanka...	4 beds \| 2 baths \| 1,600 sq.ft.	$259,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.49% Airbnb Rental Income: $null Traditional Rental Income: $2552 Airbnb ROI: N/A Traditional ROI: 5.49%
2471 Girard Turn Kankakee, IL 2471 Girard Turn, Kankakee, IL 60901 \| Single Family Residential	5 beds \| 4 baths \| 5,000 sq.ft.	$650,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.35% Airbnb Rental Income: $null Traditional Rental Income: $3541 Airbnb ROI: N/A Traditional ROI: 2.35%
2640 E 3660 South Rd Kankakee, IL Welcome to a truly one-of-a-kind boatable riverfront retreat! Built in 2003 and nestled on...	3 beds \| 2 baths \| 2,800 sq.ft.	$525,000	Airbnb cash on cash: -2.03% Traditional cash on cash: 1.31% Airbnb Rental Income: $1827 Traditional Rental Income: $2973 Airbnb ROI: -2.03% Traditional ROI: 1.31%
424 S 3000 Rd W Kankakee, IL Investors take notice. This 2 bed 1 bath is in need of some TLC. Great investment opportun...	2 beds \| 1 baths \| 1,200 sq.ft.	$129,950	Airbnb cash on cash: 2.83% Traditional cash on cash: 10.42% Airbnb Rental Income: $1172 Traditional Rental Income: $1736 Airbnb ROI: 2.83% Traditional ROI: 10.42%
2621 E Heritage Dr Kankakee, IL 2621 E Heritage Dr, Kankakee, IL 60901 \| Single Family Residential	3 beds \| 1 baths \| 1,676 sq.ft.	$194,900	Airbnb cash on cash: 3.47% Traditional cash on cash: 3.79% Airbnb Rental Income: $1827 Traditional Rental Income: $1392 Airbnb ROI: 3.47% Traditional ROI: 3.79%
667 S Myrtle Ave Kankakee, IL	4 beds \| 2 baths \| 1,632 sq.ft.	$127,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.18% Airbnb Rental Income: $null Traditional Rental Income: $1863 Airbnb ROI: N/A Traditional ROI: 11.18%

Your search for investment property begins and ends here

Single Family Homes for Sale in Kankakee, IL

1 Shannon Rd

Kankakee, IL

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

$680,000

Airbnb cash on cash: -0.76%

Traditional cash on cash: 1.57%

Airbnb Rental Income: $1827

Traditional Rental Income: $2812

Airbnb ROI: -0.76%

Traditional ROI: 1.57%

1133 Justine Dr

Kankakee, IL

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

$179,800

Airbnb cash on cash: 3.92%

Traditional cash on cash: 7.18%

Airbnb Rental Income: $1827

Traditional Rental Income: $1892

Airbnb ROI: 3.92%

Traditional ROI: 7.18%

1355 S 7th Ave

Kankakee, IL

4 beds | 1 baths | 1,568 sq.ft.

$99,999

Airbnb cash on cash: N/A

Traditional cash on cash: 9.18%

Airbnb Rental Income: $null

Traditional Rental Income: $1438

Airbnb ROI: N/A

Traditional ROI: 9.18%

231 S Chicago Ave

Kankakee, IL

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

$190,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.36%

Airbnb Rental Income: $null

Traditional Rental Income: $2274

Airbnb ROI: N/A

Traditional ROI: 9.36%

369 S Chicago Ave

Kankakee, IL

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

$235,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.96%

Airbnb Rental Income: $null

Traditional Rental Income: $2344

Airbnb ROI: N/A

Traditional ROI: 7.96%

619 S Myrtle Ave

Kankakee, IL

3 beds | 2 baths | 1,720 sq.ft.

$192,000

Airbnb cash on cash: 4.43%

Traditional cash on cash: 8.2%

Airbnb Rental Income: $1827

Traditional Rental Income: $2022

Airbnb ROI: 4.43%

Traditional ROI: 8.2%

1160 Westlawn Dr

Kankakee, IL

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

$214,900

Airbnb cash on cash: 4.5%

Traditional cash on cash: 7.65%

Airbnb Rental Income: $1827

Traditional Rental Income: $1974

Airbnb ROI: 4.5%

Traditional ROI: 7.65%

3172 Sun Valley Dr

Kankakee, IL

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

$535,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.77%

Airbnb Rental Income: $null

Traditional Rental Income: $2577

Airbnb ROI: N/A