OFF MARKET

Off market apr 2025 for $187K

$179,920

•

—

sq ft

338 W Merchant St, Kankakee, IL 60901

About this home

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!

Multi-familyProperty Type

1885Year Built

2,350 sq ftLot Size

4 spacesParking

Listed by Buck Tamblyn • McColly Bennett Real Estate

Bought with Rory Hertzberg • Village Realty, Inc

Redfin checked: a minute ago

•Source:MRED as Distributed by MLS Grid #12294047

Redfin Estimate

$179,920

$7,080 since sold in April 2025$26K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 23.6% higher than the average sale price ($146K) of 5 comparable homes.

SOLD MAY 21, 2026
$100,000
A
4 beds4 baths2,720 sq ft
157-159 W Hickory St, Kankakee, IL 60901
SOLD APR 17, 2026
$188,000
B
4 beds2 baths2,000 sq ft
353 S 5th Ave S, Kankakee, IL 60901
SOLD JUN 30, 2026
$110,000
C
4 beds2 baths1,683 sq ft
480 E Birch St, Kankakee, IL 60901
SOLD MAY 27, 2026
$135,000
D
4 beds2 baths— sq ft
529 S Indiana Ave, Kankakee, IL 60901
SOLD AUG 27, 2026
$195,000
E
4 beds2 baths2,126 sq ft
231 S Chicago Ave, Kankakee, IL 60901

Claim this home to receive a free report every month with insights on the changing estimate.

Market trends in 60901, IL

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

97.5%

+0.0% MoM

Median sale price

$194K

$10K MoM

Avg. days on market

66d

9 days MoM

Recently sold homes

2 MoM

New listings for sale

NEW 1 HR AGO
$99,000
3 beds1.5 baths1,200 sq ft
1203 S 4th Ave, Kankakee, IL 60901
$90,000
2 beds1 bath1,372 sq ft
1209 E Maple St, Kankakee, IL 60901
$140,000
3 beds1 bath1,005 sq ft
1936 E Marmion St, Kankakee, IL 60901
NEW 6 HRS AGO
$99,900
4 beds2 baths— sq ft
369-371 S 3rd Ave S, Kankakee, IL 60901
NEW
$187,777
4 beds2 baths1,700 sq ft
250 N Hammes Ave, Kankakee, IL 60901
NEW
$219,900
4 beds2.5 baths1,736 sq ft
159 N Evergreen Ave, Kankakee, IL 60901
$199,900
3 beds1 bath1,116 sq ft
435 S Cannon Ave, Kankakee, IL 60901
$210,000
2 beds1.5 baths1,700 sq ft
782 S Greenwood Ave, Kankakee, IL 60901
$469,900
12 beds10 baths— sq ft
1525 E Risser St, Kankakee, IL 60901
EARLY ACCESS
970 S Chicago Ave, Kankakee, IL 60901
$229,987
3 beds— baths1,764 sq ft
970 S Chicago Ave, Kankakee, IL 60901
See all

Provided by Redfin

Sale history for 338 W Merchant St

Date

Event

Price

MRED as Distributed by MLS Grid #12294047

Apr 8, 2025

Sold (MLS) (Closed)

$187,000

Feb 25, 2025

Contingent (Contingent - Continue to Show)

—

Feb 19, 2025

Listed (Active)

$179,000

MRED as Distributed by MLS Grid #12183734

Feb 8, 2025

Listing Removed

—

LEASESTAR #2

Feb 1, 2025

Rental Removed

$850

Nov 5, 2024

Listed for Rent

$850

Sep 16, 2023

Rental Removed

—

Jul 28, 2023

Listed for Rent

—

Jul 23, 2023

Rental Removed

—

Jul 18, 2023

Listed for Rent

—

Jul 14, 2023

Rental Removed

—

BUILDIUM #1

Jan 16, 2025

Rental Removed

$850

Jan 9, 2025

Listed for Rent

$850

Dec 8, 2024

Rental Removed

$850

Dec 8, 2024

Listed for Rent

$850

Nov 7, 2024

Rental Removed

$850

Oct 26, 2024

Listed for Rent

$850

Sep 18, 2023

Rental Removed

—

Sep 16, 2023

Listed for Rent

—

Sep 12, 2023

Rental Removed

—

Sep 11, 2023

Listed for Rent

—

Aug 30, 2023

Rental Removed

—

Aug 29, 2023

Listed for Rent

—

Aug 24, 2023

Rental Removed

—

Aug 15, 2023

Listed for Rent

—

Aug 10, 2023

Rental Removed

—

Jul 11, 2023

Listed for Rent

—

Public Records

Jun 28, 2022

Sold

$250,000

MRED as Distributed by MLS Grid #11399896

Jun 27, 2022

Sold (MLS) (Closed)

$96,000

May 18, 2022

Pending

—

May 10, 2022

Listed (Active)

$95,000

+12

Calling all investors or anyone wanting to add to their real estate portfolio!!! Rental income is at an all time high!! Get your hands on these 3 properties! we have 2 - 4 unit properties and 1- 2 unit property. All units are currently rented. These are not section 8. Month to Month only. No leases. All appliances stay except for 2 units. Current rental license up to date. For Bundle deal other MLS # 11399823,11399854.

Year

Property tax

Land + Additions

Assessment*

2025

$3,839 (+6.3%)

$2,524 + $32,139

$34,663

2024

$3,611 (+3.8%)

$2,224 + $28,316

$30,540

2023

$3,479 (+7.5%)

$1,981 + $25,226

$27,207

2022

$3,236 (+6.0%)

$1,734 + $22,080

$23,814

2021

$3,054 (+7.8%)

$1,734 + $22,080

$23,814

2020

$2,833 (+4.9%)

$1,569 + $19,982

$21,551

2019

$2,700 (+3.9%)

$1,410 + $17,961

$19,371

2018

$2,600 (−10.7%)

$1,312 + $16,708

$18,020

2017

$2,912 (+6.7%)

$1,215 + $15,470

$16,685

2016

$2,729 (+3.5%)

$1,188 + $15,130

$16,318

2015

$2,636 (−12.7%)

$1,189 + $15,136

$16,325

2013

$3,018

$1,239 + $19,007

$20,246

Tax history for 338 W Merchant St

Year

Property tax

Land + Additions

Assessment*

2025

$3,839 (+6.3%)

$2,524 + $32,139

$34,663

2024

$3,611 (+3.8%)

$2,224 + $28,316

$30,540

2023

$3,479 (+7.5%)

$1,981 + $25,226

$27,207

2022

$3,236 (+6.0%)

$1,734 + $22,080

$23,814

2021

$3,054 (+7.8%)

$1,734 + $22,080

$23,814

2020

$2,833 (+4.9%)

$1,569 + $19,982

$21,551

2019

$2,700 (+3.9%)

$1,410 + $17,961

$19,371

2018

$2,600 (−10.7%)

$1,312 + $16,708

$18,020

2017

$2,912 (+6.7%)

$1,215 + $15,470

$16,685

2016

$2,729 (+3.5%)

$1,188 + $15,130

$16,318

2015

$2,636 (−12.7%)

$1,189 + $15,136

$16,325

2013

$3,018

$1,239 + $19,007

$20,246

*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

2,352 Sq. Ft.

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Other

County

Kankakee County

APN

160932335019

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 2, 2026.

Property details

Parking

Parking Information
# of Parking (Total): 4
Parking Features: Off Street, On Site, Other

Interior

Bathroom Information
# of Baths (Full): 4

Bedroom Information
# of Bedrooms: 4
# of Bedrooms Possible: 4

Additional Rooms Information
Basement: Unfinished, Full

Interior Features
# of Rooms: 16

Exterior

Building Information
# Of Units in Building: 4
Age: 100+ Years
Built Before 1978 (Y/N): Yes
Construction Materials: Vinyl Siding

Property Information
Property Type: Two to Four Units
Ownership: Fee Simple
Rebuilt (Y/N): No
Rehab (Y/N): Yes
Rehab Year: 2023
General Information: Commuter Bus
Parcel Number: 16093233501900

Lot Information
Dimensions: 47X50
Lot Size: Less Than .25 Acre

Financial

Tax Information
Tax Annual Amount: $3,478.86
Tax Year: 2023

Financial Information
Finance Code: Conventional
Special Service Area: N
Gross Income: $41,400

Utilities

Utility Information
Water Source: Public
Sewer: Public Sewer

Heating & Cooling
Heating: Natural Gas

Location

Unit Type 1 Information
Floor Number: 1
# of Rooms: 4
# of Bedrooms: 1
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator
Security Deposit: 850
Rent: $850
Tenant Pays: Electric
Lease Expiration Date: Wednesday, December 1, 1999

Unit Type 2 Information
Floor Number: 2
# of Rooms: 4
# of Bedrooms: 1
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator
Security Deposit: $850
Rent: $850
Tenant Pays: Electric
Lease Expiration Date: Wednesday, December 1, 1999

Unit Type 3 Information
Floor Number: 1
# of Rooms: 4
# of Bedrooms: 1
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator
Security Deposit: $900
Rent: $900
Tenant Pays: Electric
Lease Expiration Date: Wednesday, December 1, 1999

Unit Type 4 Information
Floor Number: 2
# of Rooms: 4
# of Bedrooms: 1
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: None
Security Deposit: $850
Rent: $850
Tenant Pays: Electric
Lease Expiration Date: Wednesday, December 1, 1999

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 st to 4th Ave, south to Merchant, Left to home on south side of the street

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 2,352 square feet
Style: Other
Year Built: —
Year Renovated: —
County: Kankakee County
APN: 160932335019

Home facts updated by county records on Sep 2, 2026

Other

Listing Information
Holds Earnest Money: Yes
Possession: Closing
Some Photos Virtually Staged?: No

Teams Information
Buyer Team Name: The Hertzberg Group

Around this home

Schools

John Kennedy Middle Grade School

Public 2-6 • Assigned • 0.9mi

3/10

Kankakee Junior High School

Public 7-8 • Assigned • 1.9mi

4/10

Kankakee High School

Public 9-12 • Assigned • 1.3mi

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)

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

$171,000 – $207,000

Sell confidently with a local market expert in Kankakee. 3 minutes to get started.

Nearby similar homes

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2 beds2 baths— sq ft

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NEW 6 HRS AGO

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4 beds2 baths— sq ft

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New listings for sale in 60901

NEW 1 HR AGO

$99,000

3 beds1.5 baths1,200 sq ft

1203 S 4th Ave, Kankakee, IL 60901

$90,000

2 beds1 bath1,372 sq ft

1209 E Maple St, Kankakee, IL 60901

$140,000

3 beds1 bath1,005 sq ft

1936 E Marmion St, Kankakee, IL 60901

NEW 6 HRS AGO

$99,900

4 beds2 baths— sq ft

369-371 S 3rd Ave S, Kankakee, IL 60901

NEW

$187,777

4 beds2 baths1,700 sq ft

250 N Hammes Ave, Kankakee, IL 60901

NEW

$219,900

4 beds2.5 baths1,736 sq ft

159 N Evergreen Ave, Kankakee, IL 60901

$199,900

3 beds1 bath1,116 sq ft

435 S Cannon Ave, Kankakee, IL 60901

$210,000

2 beds1.5 baths1,700 sq ft

782 S Greenwood Ave, Kankakee, IL 60901

$469,900

12 beds10 baths— sq ft

1525 E Risser St, Kankakee, IL 60901

Home values near 338 W Merchant St

Data from public records.

Address	Redfin Estimate
372 W Merchant Street, Kankakee, IL 4 Beds \| - Baths \| - Sq. Ft.	$146,895
310 W Merchant Street, Kankakee, IL 4 Beds \| 4 Baths \| - Sq. Ft.	$135,002

Address	Redfin Estimate
335 W Merchant Street, Kankakee, IL - Beds \| - Baths \| - Sq. Ft.	$62,687
322 W Merchant Street, Kankakee, IL 3 Beds \| 2 Baths \| - Sq. Ft.	$92,330

Address	Redfin Estimate
355 W Merchant Street, Kankakee, IL - Beds \| - Baths \| - Sq. Ft.	$136,308
361 W Merchant Street, Kankakee, IL 6 Beds \| 2 Baths \| - Sq. Ft.	$124,618

Property information provided by undefined .

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 60901, IL

Sale history for 338 W Merchant St

Tax history for 338 W Merchant St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 60901

Home values near 338 W Merchant St

More real estate resources