Description
Prime Investment Opportunity: Fully-Leased Income Property in Kankakee, IL. This property offers cash flow with full occupancy, generating a total monthly rent of 2,740 across all units. Each unit is fully leased as follows:273 S 3rd Ave, Unit 1: Rented at 950/month 275 S 3rd Ave, Unit 1: Rented at 850/month 275 S 3rd Ave, Unit 2: Rented at 790/month This turn-key investment is ideal for portfolio growth, with stable, long-term tenants under active leases, ensuring immediate and ongoing revenue. Don't miss out on this fully-leased property delivering 2,590 in monthly rent right from the start! The interior photos are of Units 2 and 3, taken prior to the tenants moving in.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 6
Bathrooms: 3
County: Kankakee
Listed By:
Green Real Estate
815-953-2751
MRED MLS
MLS ID: 12610981
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273 S 3rd Avenue, Kankakee, IL 60901.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $160,000 | $160,000 | $160,000 |
| Down Payment | $32,000 | $5,600 | $40,000 |
| Monthly Mortgage Amount | $757 | $942 | $981 |
| Taxes | $223 | $223 | $223 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $70 | $0 |
| Monthly Estimated Total | $1,080 | $1,335 | $1,303 |