373 N Adams StKankakeeIL60901
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Kankakee at 373 N Adams St, Kankakee, IL, 60901 generates $1,775/mo in rent and, after a $509/mo payment, leaves $1,038/mo in cash flow. Total monthly income is $1,775/mo, and annual cash flow is $12,453/yr on $34,476 invested. Return on cash invested sits at 56.03% in year one, and rental yield is 20.48% on a $104,000 entry. Equity gained on principal adds $671/yr, while 5% annual appreciation builds toward $28,733 over five years. Five-year ROI reaches 297.74% and total cumulative return in cash sums $102,648. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,775/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60901, Kankakee, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,840 (100%) |
| Owner Occupied HU | 8,017 (54.0%) |
| Renter Occupied HU | 5,123 (34.5%) |
| Vacant Housing Units | 1,700 (11.5%) |
| Median Home Value | $164,120 |
| Average Home Value | $210,330 |
Housing Distribution
Address Breakdown
Residential
13,288
Single Family
11,785
Multi-Family
1,503
Businesses
1,130
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Azza Tawfik, ABR,e-PRO,GRI,SRES,SRS • McColly Bennett Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12497872
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#17)