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Listing provided courtesy of Realty of America, LLCMREDas Distributed by MLSGrid- MLS# 12647737MLS Provider

221 S Small AvenueKankakee, IL 60901

Multi-Family · 7 Beds
$390,000 Re-activated

221 S Small Avenue Overview

Time on Site:
47 days
Visits:
0

Spacious 4-unit investment opportunity featuring three 2-bedroom units and one 1-bedroom unit. All tenants are currently on month-to-month leases, offering flexibility for investors or owner-occupants! Perfect for a seasoned investor looking to add to their portfolio or a starter investor wanting to live in one unit while renting out the other three. Property is conveniently located near shopping, dining, and everyday amenities. Recent improvements include a brand-new parking lot and driveway completed in 2024.

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221 S Small Avenue Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 111

Income/Expenses

  • Electric Expense: 2160
  • Fuel Expense: 0
  • Gross Income: 49800
  • Insurance Expense: 2600
  • Net Operating Income: 18197
  • Trash Expense: 0
  • Water Sewer Expense: 4680

Building Information

  • New Construction: No
  • Year Built: 1972

Location/Region

  • County Or Parish: Kankakee
  • MLS Area Major: Kankakee
  • Township: Kankakee

Tax Information

  • Tax Annual Amount: $7,798.54
  • Tax Year: 2025

General Information

  • Ownership: Fee Simple
  • Parcel Number: 16093130800700
  • Property Type: Residential Income
  • Special Listing Conditions: None

Interior

Parking Information

  • Half Baths Building: 0

Beds/Baths

  • Bathrooms Total: 4
  • Bedrooms Total: 7
  • Bedrooms Possible: 7
  • Full Baths Building: 4

General Information

  • Basement: Finished, Partial
  • Heating: Electric
  • Rooms Total: 20

Exterior

Parking Information

  • Parking Features: Unassigned
  • Parking Total: 8

Lot Information

  • Lot Size Dimensions: 12800
  • Water Source: Private

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 0
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 1100
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 1100
  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Unit Type: Unit 4
  • Actual Rent: 0
  • Beds Total: 1
  • Baths Total: 1

221 S Small Avenue Neighborhood

Community

60901 (Kankakee) Demographics

37
Median Age
362
Population Density (per sq. mile)
23%
College Educated
$49,090
Estimated Median Income
7,844
Estimated Total Home Owners
5,518
Estimated Total Renters
59% / 41%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

221 S Small Avenue Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

221 S Small Avenue Market Data

Based on the last 30 days in this zip code

$223,978
Average List Price
$132
Average Price per Square Foot
16
Properties Sold
91
Average Days on Market
96
Properties for Sale
Calculations provided by Reliance Network

221 S Small Avenue History

Date Event Value Agent
6/29/2026Source: MRED Status Change
Re-activated
6/10/2026Source: MRED Status Change
Contingent
6/8/2026Source: MRED Status Change
Active
6/3/2026Source: MRED Status Change
Re-activated
5/14/2026Source: MRED Status Change
Contingent
5/13/2026Source: MRED Added to Database
May 13, 2026
6/20/2022Source: MRED Added to Database
March 09, 2022
6/16/2022Source: MRED Status Change
Closed
5/23/2022Source: MRED Status Change
Contingent
5/14/2022Source: MRED Status Change
Active
5/9/2022Source: MRED Price Reduction
$234,999 -1.1%
5/9/2022Source: MRED Status Change
Price Change
4/18/2022Source: MRED Status Change
Active
4/13/2022Source: MRED Status Change
Re-activated
3/23/2022Source: MRED Status Change
Contingent
3/14/2022Source: MRED Status Change
Active