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1100 W Jeffery St
Kankakee, IL 60901

$5,600,000 USD

Apartments For Sale  •  75,640 SF

Property Details

  • Property Type Apartments
  • Total Building Size 75,640 SF
  • Lot Size 4.53 AC
  • Building Class B
  • Year Built 1965
  • Cap Rate 8.30 %
0 Transit Score
31 Walk Score

Highlights

Option to Assume Attractive Existing Loan
Recent Capital Improvements
Recently Stabilized with 95% Plus Occupancy
Tenant Heated
Two Miles from Kankakee Amtrak Station
Walking Distance to Kankakee High School and Near Kankakee Community College

Financial Summary (Actual)

Net Operating Income: $864,810 USD (2023)
Cap Rate: 8.30 %

Amenities

  • Courtyard
  • Laundry Facilities

Public Transportation

Commuter RailDriveWalkDistance
Kankakee (City of New Orleans - Amtrak, Illini - Amtrak, Saluki - Amtrak) 4 min - 2.0 mi
Ryan Engle 630-570-2230 Marcus & Millichap
Ryan Engle 630-570-2230 Marcus & Millichap