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$179,000 -$10,000 (-5.29%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • Updated 49 minutes ago
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KANKAKEE - 4 UNIT APARTMENT BUILDING - Excellent income producing property. 3 - 1 bedroom/1 bathroom units and 1 efficiency in good condition at great rental rates. Current rental license up to date. 2 neighboring properties also available for a total of 10 units all adjacent, see MLS #12183285, #12183248 and 12195146 for property details. Near Downtown Kankakee, Farmers Market and Financial District of Kankakee. Great opportunity! Call Today!

Full Property Details for 338 W Merchant St

General

  • Price: $179,000
  • Taxes: $3,478 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12183734
  • Updated: 1/15/2025
  • Added to Site: 84 day(s) ago

Interior

  • Basement: Full

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Upper - Full Baths: 4

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Other Features: Commuter Bus

Parking

  • Total Spaces: 4
  • Parking Features: Off-Street
  • Parking Type: Space(s)
  • Parking On-Site: Yes

Location

  • Area: Kankakee
  • County: Kankakee
  • Township: Kankakee
  • Driving Directions: Court st to 4th Ave, south to Merchant, Left to home on south side of the street

School Information

  • School District: 111
  • Elem School District: 111
  • Midd School District: 111
  • High School District: 111

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Full
  • Year Built: 1885
  • Built Before 1978: Yes
  • Remodeled/Updated: 2023

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 47 x 50

Financial Considerations

  • Assessment Year: 1885
  • Tax Amount: $3,478.86
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 16093233501900

Listed by McColly Bennett Real Estate

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— 338 W Merchant St —

  • McColly Bennett Real Estate

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 338 W Merchant St

School District:Kankakee School District 111
RatingNameGradesDistance
NR
Lafayette Primary School
369 N 5th Ave, Kankakee, IL 60901
K-30.4 mi
3
Kennedy Middle Grade School
1550 W Calista St, Kankakee, IL 60901
3-60.9 mi
2
Kankakee Junior High School
2250 E Crestwood St, Kankakee, IL 60901
7-82 mi
1
Kankakee High School
1200 W Jeffery St, Kankakee, IL 60901
9-121.3 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 338 W Merchant St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/09/2025
Price Reduced
$179,000
-5.29%
MLS
11/25/2024
Price Reduced
$189,000
-5.45%
MLS
10/23/2024
Listed
$199,900
-20.04%
MLS
6/22/2022
Sold
$250,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 338 W Merchant St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,479
8%
$27,207
14%
2022
$3,236
6%
$23,814
11%
2021
$3,054
8%
$21,551
11%
2020
$2,833
5%
$19,371
7%
2019
$2,700
4%
$18,020
8%
2018
$2,600
-11%
$16,685
2%
2017
$2,912
7%
$16,318
2%
2016
$2,729
4%
$15,998
-2%
2015
$2,636
—
$16,325
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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338 W Merchant Street, Kankakee, IL 60901 (MLS# 12183734) is a Multi-Family property with 4 units containing 4 bedrooms and 0 full bathrooms. 338 W Merchant Street is currently listed for $179,000 and was received on October 23, 2024. Want to learn more about 338 W Merchant Street? Do you have questions about finding other Multi-Family real estate for sale in Kankakee? You can browse all Kankakee real estate or contact a Coldwell Banker agent to request more information.

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