535 Coyne Street
Bourbonnais 4-Unit Multi-Family | 3,700 SF
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 535 Coyne Street in Bourbonnais, IL (the “Property”). The multi-story building contains two (2) 2-Bedroom/1-Bathroom units and two (2) 3-Bedroom/1.5-Bathroom units with 3,700 square feet of gross living area in 4,250 square feet of gross area. The Property is situated upon a 0.30-acre parcel and features eight (8) off-street parking spaces. 535 Coyne Street is well-positioned in Bourbonnais, offering strong access to the village's central commercial corridors, neighborhood retail destinations, and surrounding residential neighborhoods. The property benefits from convenient connectivity to major regional routes including Route 50 (North State Route 50) and US Route 45/52, and close proximity to Interstate 57, providing efficient regional access throughout the Kankakee-Bourbonnais-Bradley metropolitan area and north toward Chicago.
Investment highlights
ACCESS & CONNECTIVITY
The Property is served by River Valley Metro Mass Transit District's fixed-route bus network, which provides year-round service connecting Bourbonnais with the neighboring communities of Bradley, Kankakee, Aroma Park, and Manteno along designated stops, giving riders access to key commercial, civic, and residential nodes throughout the Kankakee County urbanized area.
For regional transit, the site benefits from River Valley Metro's commuter shuttle service, which connects directly to Chicago Midway Airport and to the Metra station at University Park, enabling onward rail access into downtown Chicago and the broader regional rail network for commuters traveling north toward the city.
535 Coyne Street has straightforward access to major area routes including US Route 45/52 and Illinois Route 50, which link Bourbonnais to the surrounding Kankakee-Bradley market and to Interstate 57 via nearby interchanges, providing efficient regional connectivity north toward Chicago and south toward Champaign-Urbana.
AREA AMENITIES & DEMAND DRIVERS
The area is supported by a diverse employment base, with key drivers including healthcare, biotechnology, advanced manufacturing, and logistics, alongside major regional employers such as Riverside Medical Center — Kankakee County's largest employer with nearly 3,000 employees and the region's only Level II Trauma Center — and CSL Behring, one of the county's largest manufacturers currently undergoing a $1.5 billion expansion, all accessible within a comfortable commuting radius.
Additionally, institutions like Olivet Nazarene University and Kankakee Community College serve as significant workforce development anchors for the region, while the Economic Alliance of Kankakee County continues to actively attract new businesses and investment to the area. The Bourbonnais Village Board and Kankakee County Enterprise Zone program further support long-term business expansion and economic stability, enhancing demand fundamentals across the corridor.
Bourbonnais's relative affordability compared to the broader Chicago metropolitan area, combined with its position along the I-57 corridor and proximity to major employment centers in the Kankakee-Bradley-Bourbonnais MSA, positions the area as an attractive option for renters seeking value and convenient regional access.
DESIRABLE BRICK CONSTRUCTION
The Property features durable brick construction, a highly desirable attribute for multifamily housing that provides long-term structural integrity, fire resistance, and reduced maintenance requirements. Brick construction also delivers superior sound attenuation and thermal efficiency, contributing to lower utility costs and enhanced resident comfort while preserving long-term aesthetic appeal
UTILITIES
Tenants are responsible for electric-baseboard heating, as well as individually metered electricity, which they pay directly. The Landlord is responsible for providing electric powered hot water and city water & sewer, which they pay directly.
OFF-STREET PARKING & AMENITIES
The Property features ample parking with eight (8) off-street parking spaces, up to two spaces per unit.
STRONG RENTAL DEMOGRAPHICS & DEMAND
Over 9,800 people live within 1 mile of the Property with an average household income of $91,209. Over 51,800 people reside within 3 miles of the Property with an average household income of $93,692.
QUALITY OF LIFE AMENITIES
The Property benefits from close proximity to a variety of dining options, including local favorites such as BrickStone Brewery, a well-regarded family-owned brewpub, and nearby casual options like T.J. Donlin's, in addition to a range of quick-service and national chain restaurants conveniently located along the Route 50 and US Route 45/52 corridors.
Retail amenities are anchored by major national operators including Walmart Supercenter on North State Route 50, which provides a full-service shopping option for groceries, household goods, and pharmacy needs, as well as nearby Jewel-Osco and Meijer locations offering convenient access to fresh food and everyday essentials for residents throughout the trade area.
The area is further complemented by nearby Northfield Square Mall in Bradley, which hosts over 75 stores and services including a movie theater and a diverse mix of national retailers and service-oriented tenants, reinforcing the Bourbonnais-Bradley corridor's role as the primary commercial hub of Kankakee County.
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