Great investor opportunity. ALL UNITS ARE RENTED!! New roof '17, New windows in 06, coin-op washer & dryer, Great cash flow and the convenient west Kankakee location.
Multi-familyProperty Type
1967Year Built
4 spacesParking
Listed by Jerrick Longest• @properties Christie's International Real Estate
Listed by Ivana Longest• @properties Christie's International Real Estate
Bought with Marla Good• Keller Williams Preferred Rlty
SOLID 4 unit. Owners since the 1960's have moved. Long term investment opportunity. .. .. .. Current owners yearly bills: $958 Insurance; $1956 Nicor; Water $660; Sewer and Policing $1143; Garbage $60 and common area Electric $384. Each apartment pays own Electric
Year
Property tax
Land + Additions
Assessment*
2025
$8,178 (+6.3%)
$8,979 + $64,861
$73,840
2024
$7,692 (+3.8%)
$7,911 + $57,146
$65,057
2023
$7,411 (+7.5%)
$7,048 + $50,910
$57,958
2022
$6,894 (+6.0%)
$6,169 + $44,560
$50,729
2021
$6,506 (+7.8%)
$6,169 + $44,560
$50,729
2020
$6,036 (+4.9%)
$5,583 + $40,326
$45,909
2019
$5,752 (+3.9%)
$5,018 + $36,248
$41,266
2018
$5,539 (−10.7%)
$4,668 + $33,719
$38,387
2017
$6,203 (+6.7%)
$4,322 + $31,221
$35,543
2016
$5,813 (−6.8%)
$4,227 + $30,534
$34,761
2015
$6,239 (−16.9%)
$4,229 + $34,410
$38,639
2013
$7,510
$5,022 + $45,354
$50,376
Tax history for 1561 W Merchant St
Year
Property tax
Land + Additions
Assessment*
2025
$8,178 (+6.3%)
$8,979 + $64,861
$73,840
2024
$7,692 (+3.8%)
$7,911 + $57,146
$65,057
2023
$7,411 (+7.5%)
$7,048 + $50,910
$57,958
2022
$6,894 (+6.0%)
$6,169 + $44,560
$50,729
2021
$6,506 (+7.8%)
$6,169 + $44,560
$50,729
2020
$6,036 (+4.9%)
$5,583 + $40,326
$45,909
2019
$5,752 (+3.9%)
$5,018 + $36,248
$41,266
2018
$5,539 (−10.7%)
$4,668 + $33,719
$38,387
2017
$6,203 (+6.7%)
$4,322 + $31,221
$35,543
2016
$5,813 (−6.8%)
$4,227 + $30,534
$34,761
2015
$6,239 (−16.9%)
$4,229 + $34,410
$38,639
2013
$7,510
$5,022 + $45,354
$50,376
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.26 Acres
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Other
County
Kankakee County
APN
160931304006
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 2, 2026.
Property details
Parking
Parking Information
# Of Cars: 4
# of Parking (Total): 4
Parking On-Site: Yes
Parking Features: Unassigned, Off Street, Driveway
Parking: Space/s
Parking Ownership: Owned
Interior
Virtual Tour
Additional Media Type 1: Video
Bathroom Information
# of Baths (Full): 4
Bedroom Information
# of Bedrooms: 7
# of Bedrooms Possible: 7
Additional Rooms Information
Basement: English
Basement Description: Other
Interior Features
# of Rooms: 23
Equipment
TV-Cable, Ceiling Fan(s)
Exterior
Building Information
# Of Units in Building: 4
Exterior Building Type: Aluminum Siding,Brick
Age: 51-60 Years
Built Before 1978 (Y/N): Yes
Roof: Asphalt
Foundation Details: Concrete Perimeter
Property Information
Property Type: Two to Four Units
Ownership: Fee Simple
Rebuilt (Y/N): No
Rehab (Y/N): No
General Information: School Bus Service
Parcel Number: 16093130400600
Lot Information
Dimensions: 80 X 140
Lot Size: Less Than .25 Acre
Zoning: MULTI
Financial
Tax Information
Tax Annual Amount: $6,203
Tax Year: 2017
Financial Information
Finance Code: Conventional
Special Service Area: N
Gross Income: $34,600
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Heating & Cooling
Heating: Natural Gas, Steam, Radiant
Location
School Information
Elementary School District: 111
Middle Or Junior School District: 111
High School District: 111
Location Information
Township: Kankakee
Corporate Limits: Kankakee
Directions: Court street (RT 17) to Curtis Ave. South to Merchant. Left on Merchant to property (on North side
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 0.26 acres
Style: Other
Year Built: —
Year Renovated: —
County: Kankakee County
APN: 160931304006
Home facts updated by county records on Sep 2, 2026
Other
Expense Information
Water Sewer Expense: $3,109
Electric Expense: $415
Listing Information
Holds Earnest Money: Yes
Possession: Closing
Around this home
Schools
John Kennedy Middle Grade School
Public 2-6 • Assigned • 0.5mi
3/10
Kankakee Junior High School
Public 7-8 • Assigned • 2.8mi
4/10
Kankakee High School
Public 9-12 • Assigned • 1.1mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 105° expected this year, 16 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Kankakee, IL • 60901
Average low and high temperatures (°F)
30
15
40
22
57
35
65
44
72
50
82
63
86
68
81
62
80
55
70
46
51
36
37
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$284,000 – $344,000
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