c.1905 Illinois Fixer Upper For Sale $60K

$60,000

Ready for its next chapter, this spacious 4-bedroom, 2-bath Illinois fixer upper combines classic footprint with major recent upgrades. With a brand-new roof, soffit, fascia, and gutters already installed, the exterior work is done—offering a fantastic canvas and a head start for buyers or investors looking to customize and build instant equity.

Realtor Comments

Inside, you’ll find beautiful original woodwork and plenty of character just waiting to be restored. Whether you’re an investor searching for your next rehab project or an owner-occupant looking to create a home of your own using a renovation loan, this property offers endless possibilities. The large yard provides plenty of room for outdoor entertaining, a future garage, garden, or fenced-in private space. Conveniently located near the new riverwalk, downtown Kankakee activities, schools, restaurants, gas stations, Jewel-Osco, Cobb Park, and the beautiful Kankakee River. Property is being sold strictly AS-IS. Seller will make no repairs. No Tax credit will be given. Buyer is responsible for conducting all due diligence and must comply with all Kankakee Regional Land Bank Authority purchase requirements.

4bd
1.5ba
1,600sqft
Circa 1905

More Illinois Properties

643 S Myrtle Ave, Kankakee, IL 60901

If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.

Contact Realtor: Monica Pizano

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Niche

Pros of Living in Kankakee

High Housing Affordability: Real estate is significantly cheaper than in suburban Chicago or the national average. Homebuyers can find spacious single-family properties, historic Victorian homes, and riverfront lots at accessible price points.
Kankakee River State Park & Outdoor Access: The city is defined by the Kankakee River, providing excellent fishing, canoeing, kayaking, and riverside parks. Nearby Kankakee River State Park offers miles of hiking trails, camping, and scenic limestone canyons.
Solid Regional Healthcare & Higher Education: Kankakee is home to major regional healthcare facilities, including Riverside Medical Center and AMITA Health St. Mary’s Hospital. It also hosts Kankakee Community College (KCC) and is adjacent to Olivet Nazarene University in neighboring Bourbonnais.
Architectural & Historic Character: The city features rich historic neighborhoods, most notably the Riverview Historic District, which includes Frank Lloyd Wright’s famous B. Harley Bradley House set along the riverbank.
Transit & Interstate Links: Interstate 57 runs directly alongside the city for straightforward highway travel to Chicago or Champaign-Urbana. Kankakee also features an Amtrak station on the Illini and Saluki lines, offering direct train service north to Chicago Union Station or south to Southern Illinois.

Cons of Living in Kankakee

Higher Property Taxes: Like much of Illinois, property tax rates in Kankakee County are elevated compared to national standards, which can offset some of the gains made on initial mortgage affordability.
Local Crime Rates: Property and violent crime rates within certain city neighborhoods run above national and state averages. Safety metrics can vary significantly from block to block and neighborhood to neighborhood.
Economic & Job Market Challenges: The region experienced significant post-industrial manufacturing declines over recent decades. While manufacturing, healthcare, and agriculture remain active, high-paying corporate or specialized tech job options are limited locally, prompting many residents to commute toward Will County or Chicago.
School District Performance: Kankakee School District 111 faces ongoing academic challenges, with several schools scoring below state proficiency averages on standardized testing. Many local families opt for private education options or nearby neighboring school districts.
Midwestern Winter Weather: Winters are long, cold, and heavy with snowfall and freezing temperatures, while summers can be hot and humid with elevated mosquito activity near river corridors.