Exclusive Realtors
Listed by Exclusive Realtors
$147,400
946 S Schuyler Avenue
Details
APN 16170531100400
Property Type Multifamily
Sub Type Apartment Building
NOI $11,066
Year Built 1905
Acreage 0.170
Zoning MULTI
Multifamily
Marketing description
This exceptional investment property in desirable Kankakee, Illinois, strategically positioned just off Schuyler near the local farmers market and within walking distance to the river, presents a compelling opportunity for local investors. The well-maintained three-unit building features two spacious one-bedroom apartments, one on the main floor and one on the upper level, alongside an efficient studio unit with charming loft space, all currently occupied by reliable long-term tenants providing steady, consistent income at 550 dollars monthly for the efficiency unit, 600 dollars for the upper one-bedroom, and 900 dollars for the main floor one-bedroom, with tenants responsible for gas and electric while the landlord maintains water, sewer, and garbage services. The property boasts superior curb appeal with updated Dutch lap vinyl siding and a durable architectural roof, featuring wrapped windows and soffits ensuring the new owner will not have to paint the windows or soffits during the rental relicensing process upon sale, while the practical basement exterior access ensures convenient maintenance without disrupting tenant occupancy, and the property offers street parking with additional parking spaces in the back for tenants. Schedule your showing today. 24hr notice needed.
Listing Contacts
Exclusive Realtors
Listed by Exclusive Realtors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$11,066.00
$922.17/mo
Valuation Metrics
0
DSCR
7.51%
Cap Rate
7.51%
ROI
Map
Zoning
R-2 ResidentialTwo FamilyTwo Family Residential
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View all 392 uses Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics
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