Kankakee, US
Calling all investors! This 1.5-story home is the ultimate value-add project in the highly acclaimed Grant Park School District. Reduced to $100,000 (reflecting the need for structural floor framing and some foundation corrections needed), this property offers massive equity potential for a flip or a high-performing addition to your rental portfolio once repairs are complete. Much of the heavy lifting has already been done; the home was gutted to the studs approximately 15 years ago and reconstructed with PVC plumbing, copper, updated electrical, and energy-efficient insulation. The main floor features a versatile layout with a sun-drenched living room, formal dining, and a convenient first-floor bedroom and laundry. Upstairs, you'll find a second bedroom and a spacious loft-perfect for a home office, creative studio or potential 3rd bedroom conversion. Notable recent updates include a new water heater (2025), a newer roof (~5 years), and a refreshed covered front porch (2025). The sizable yard and massive 3-car detached brick garage-perfect for a workshop-provide the "home oasis" feel that future tenants or buyers crave. PLEASE NOTE: Property is being sold AS-IS and is not suitable for traditional financing (CASH or REHAB LOANS ONLY). Located just minutes from local shopping and dining, this home offers a relaxed pace while remaining a commuter's dream-just 55 minutes to Chicago and 20 minutes to the Bourbonnais retail hub. Bring your vision and start your next chapter here!
Courtesy Of: McColly Real Estate
Feature Highlights
- Built Before 1978
General Features
- List Date:
- 02/24/2026
Interior Features
- Living Area Source:
- Assessor
- Bedrooms Possible:
- 2
- Bathrooms Full:
- 1
- Rooms Total:
- 6
Exterior Features and Amenities
- Lot Size Dimensions:
- 55.7 X 148.3 X 55.7 X 148.4
- Parking Total:
- 7
Financial
- Purchase Contract Date:
- 2026-03-29
- Days On Market:
- 34
- Tax Annual Amount:
- $3,491.00
- Tax Year:
- 2024
Other Features
- Elementary School District:
- 6
- High School District:
- 6
- Middle Or Junior School District:
- 6
- Age:
- 100+ Years
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Data last updated: 2026-04-03.
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