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.

Investment Property for Sale in Kankakee, IL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1099 N 4000e Road Kankakee, IL Welcome to your new slice of serene country living at 1099 North 4000E Rd, Kankakee, IL! T...	3 beds \| 2 baths \| 2,000 sq.ft.	$258,000	Airbnb cash on cash: 6.64% Traditional cash on cash: 6.31% Airbnb Rental Income: $3098 Traditional Rental Income: $2313 Airbnb ROI: 6.64% Traditional ROI: 6.31%
307 S 4th Avenue Kankakee, IL This beautifully renovated property offers a fantastic investment opportunity or the perfe...	4 beds \| N/A baths \| N/A	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.54% Airbnb Rental Income: $null Traditional Rental Income: $2109 Airbnb ROI: N/A Traditional ROI: 10.54%
1055 S Myrtle Avenue Kankakee, IL Welcome Home. This 4 bedroom 1.5 bath with a full Basement offers updated kitchen beautif...	4 beds \| 2 baths \| 2,040 sq.ft.	$289,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.93% Airbnb Rental Income: $null Traditional Rental Income: $2514 Airbnb ROI: N/A Traditional ROI: 5.93%
1484 Timber Ridge Court Kankakee, IL Nice looking 3 bedroom , 2 bath townhome located on a quiet dead end street.	3 beds \| 2 baths \| 1,715 sq.ft.	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.77% Airbnb Rental Income: $null Traditional Rental Income: $2369 Airbnb ROI: N/A Traditional ROI: 7.77%
357-359 E Hickory Street Kankakee, IL Great investment opportunity with $26,700 in gross income annually. New tenant in the refr...	4 beds \| N/A baths \| N/A	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.8% Airbnb Rental Income: $null Traditional Rental Income: $2117 Airbnb ROI: N/A Traditional ROI: 9.8%
6 Old Orchard Drive Kankakee, IL Beautiful Kankakee Riverfront Ranch! Enjoy the River views, and bring your boat! Pull up...	3 beds \| 3 baths \| 3,616 sq.ft.	$397,500	Airbnb cash on cash: 2.67% Traditional cash on cash: 4.16% Airbnb Rental Income: $3098 Traditional Rental Income: $2949 Airbnb ROI: 2.67% Traditional ROI: 4.16%
695 W Clinton Street Kankakee, IL Clinton is back and better than before with a BRAND NEW ROOF! Welcome to your move-in-read...	3 beds \| 1 baths \| 1,300 sq.ft.	$189,900	Airbnb cash on cash: 9.51% Traditional cash on cash: 6.52% Airbnb Rental Income: $3098 Traditional Rental Income: $1854 Airbnb ROI: 9.51% Traditional ROI: 6.52%
675 Woodlea Road Kankakee, IL Welcome to this stunning all-brick ranch home with spectacular wood views. Nestled on a co...	4 beds \| 3 baths \| 3,400 sq.ft.	$389,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.81% Airbnb Rental Income: $null Traditional Rental Income: $3126 Airbnb ROI: N/A Traditional ROI: 3.81%
1898 Meadowview Avenue Kankakee, IL "Presenting a move-in ready tri-level home with a spacious two-car garage, thoughtfully up...	3 beds \| 2 baths \| 1,790 sq.ft.	$199,500	Airbnb cash on cash: 8.89% Traditional cash on cash: 9.08% Airbnb Rental Income: $3098 Traditional Rental Income: $2428 Airbnb ROI: 8.89% Traditional ROI: 9.08%
538 S Evergreen Avenue Kankakee, IL This well-maintained home offers comfort and convenience just moments from local expresswa...	4 beds \| 2 baths \| 1,064 sq.ft.	$167,900	Airbnb cash on cash: N/A Traditional cash on cash: 11% Airbnb Rental Income: $null Traditional Rental Income: $2252 Airbnb ROI: N/A Traditional ROI: 11%
3172 Sun Valley Drive Kankakee, IL This beautiful new construction home in the River Bend subdivision of Limestone, will be r...	3 beds \| 2 baths \| 1,950 sq.ft.	$469,000	Airbnb cash on cash: 4.02% Traditional cash on cash: 4.44% Airbnb Rental Income: $3098 Traditional Rental Income: $2577 Airbnb ROI: 4.02% Traditional ROI: 4.44%
658 S Chicago Avenue Kankakee, IL Welcome to this classic all Brick Home, Well Maintained, located in Kankakee's beautiful ...	4 beds \| 2 baths \| 2,590 sq.ft.	$209,999	Airbnb cash on cash: N/A Traditional cash on cash: 9.58% Airbnb Rental Income: $null Traditional Rental Income: $2713 Airbnb ROI: N/A Traditional ROI: 9.58%
410 W Jeffery Street Kankakee, IL Step into this inviting, fully renovated, two-story stucco beauty that's ready to be your ...	4 beds \| 3 baths \| 1,500 sq.ft.	$260,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.44% Airbnb Rental Income: $null Traditional Rental Income: $2537 Airbnb ROI: N/A Traditional ROI: 7.44%
945 S Myrtle Avenue Kankakee, IL Welcome to this beautifully updated home in the desirable Riverview neighborhood! This stu...	3 beds \| 2 baths \| 1,535 sq.ft.	$250,000	Airbnb cash on cash: 6.27% Traditional cash on cash: 5.67% Airbnb Rental Income: $3098 Traditional Rental Income: $2251 Airbnb ROI: 6.27% Traditional ROI: 5.67%
1095-1097 E Merchant Street Kankakee, IL Fantastic Investment Opportunity in Kankakee! This remodeled 2-unit building is ideal for...	5 beds \| N/A baths \| N/A	$230,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.16% Airbnb Rental Income: $null Traditional Rental Income: $2522 Airbnb ROI: N/A Traditional ROI: 9.16%
3828 E Lakeview Drive Kankakee, IL Step inside this well kept 3 Bed/2 Bath-All Brick-Ranch that offers so many Cozy details, ...	3 beds \| 2 baths \| 1,180 sq.ft.	$239,000	Airbnb cash on cash: 7.5% Traditional cash on cash: 6.02% Airbnb Rental Income: $3098 Traditional Rental Income: $2058 Airbnb ROI: 7.5% Traditional ROI: 6.02%
241 N Arseneau Road Kankakee, IL Charming Raised Ranch 3-bedroom, 2 Car Garage!! Welcome to this well-maintained phenomenal...	3 beds \| 1 baths \| 1,720 sq.ft.	$235,000	Airbnb cash on cash: 7.82% Traditional cash on cash: 5.04% Airbnb Rental Income: $3098 Traditional Rental Income: $1775 Airbnb ROI: 7.82% Traditional ROI: 5.04%

Real Estate investment in Kankakee, IL

There are 18 properties for sale in the city of Kankakee . The median list price in Kankakee is $180,000 and the average price per square foot is $110. In December 2024, the average monthly cash on cash return in Kankakee is 9.00%. The average monthly rental income in Kankakee is $2,224.

Kankakee, IL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 18 investment properties available for sale in Kankakee.

In 2024, the best neighborhood to buy investment property is Kankakee.

The ROI for Long-Term is higher than the Short-Term in Kankakee with average rental income of $2,224.

Your search for investment property begins and ends here

Investment Property for Sale in Kankakee, IL

1099 N 4000e Road

Kankakee, IL

3 beds | 2 baths | 2,000 sq.ft.

$258,000

Airbnb cash on cash: 6.64%

Traditional cash on cash: 6.31%

Airbnb Rental Income: $3098

Traditional Rental Income: $2313

Airbnb ROI: 6.64%

Traditional ROI: 6.31%

307 S 4th Avenue

Kankakee, IL

4 beds | N/A baths | N/A

$159,900

Airbnb cash on cash: N/A

Traditional cash on cash: 10.54%

Airbnb Rental Income: $null

Traditional Rental Income: $2109

Airbnb ROI: N/A

Traditional ROI: 10.54%

1055 S Myrtle Avenue

Kankakee, IL

4 beds | 2 baths | 2,040 sq.ft.

$289,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.93%

Airbnb Rental Income: $null

Traditional Rental Income: $2514

Airbnb ROI: N/A

Traditional ROI: 5.93%

1484 Timber Ridge Court

Kankakee, IL

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

$189,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.77%

Airbnb Rental Income: $null

Traditional Rental Income: $2369

Airbnb ROI: N/A

Traditional ROI: 7.77%

357-359 E Hickory Street

Kankakee, IL

4 beds | N/A baths | N/A

$169,900

Airbnb cash on cash: N/A

Traditional cash on cash: 9.8%

Airbnb Rental Income: $null

Traditional Rental Income: $2117

Airbnb ROI: N/A

Traditional ROI: 9.8%

6 Old Orchard Drive

Kankakee, IL

3 beds | 3 baths | 3,616 sq.ft.

$397,500

Airbnb cash on cash: 2.67%

Traditional cash on cash: 4.16%

Airbnb Rental Income: $3098

Traditional Rental Income: $2949

Airbnb ROI: 2.67%

Traditional ROI: 4.16%

695 W Clinton Street

Kankakee, IL

3 beds | 1 baths | 1,300 sq.ft.

$189,900

Airbnb cash on cash: 9.51%

Traditional cash on cash: 6.52%

Airbnb Rental Income: $3098

Traditional Rental Income: $1854

Airbnb ROI: 9.51%

Traditional ROI: 6.52%

675 Woodlea Road

Kankakee, IL

4 beds | 3 baths | 3,400 sq.ft.

$389,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.81%

Airbnb Rental Income: $null

Traditional Rental Income: $3126

Airbnb ROI: N/A