427-431 S Chicago Ave, Kankakee IL 60901

KRLBA acquired this property via a donation from the City of Kankakee. The property had been vacant for many years and was in poor shape. It is a 2-unit property on a block of recently rehabbed and well-maintained homes and would make a wonderful restoration project. KRLBA cleaned out the accumulated debris and deeply soiled carpets, installed a new roof, gutters and downspouts at an expense of $37,000, using a state grant secured by our partners at the City of Kankakee and administered by our partner, Kankakee County. The buyer, a local experienced and responsible property investor, will complete other repairs and bring the property up to code within 12 months of transfer. The owner will also add 4 units of off-street parking. When renovated, the property will add to the improving housing conditions of Kankakee.

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UNDER CONTRACT