Multi-Family Space For Lease @ 924 E Willow St

eXp Commercial is pleased to present to market a fully occupied two-building 23-unit multifamily offering on the North side of Kankakee, IL near Bradley and Bourbonnais, IL. The offering is comprised of one 11-unit building at 924 E Willow St and one 12-unit building at 163 N Rosewood Ave. The properties in this offering are in an opportunity zone.

The unit mix is comprised of 8 one-bedrooms, 14 two-bedrooms, and one four-bedroom unit that could be de-converted back to two adjacent two-bedroom units if desired to make this a 24-unit offering. Current rents are 10+ percent below market rents. As well, there is no on-site laundry or separately metered or billed water and sewer providing considerable upside in this offering. 924 E Willow St has tenant-paid electric baseboard heating and tenant-paid electric hot water heaters and 163 N Rosewood has newer efficient set gas boilers and gas hot water tanks run in series.

Kankakee is the county seat of Kankakee County, located approximately 60 miles southwest of the downtown Chicago Loop. The area provides convenient access to Route 52 and Interstate 57. Public transportation is readily available at the Kankakee Amtrak Station, just over one mile southeast of the buildings, which is served by River Valley Metro for transportation by bus. This space offers accomodations for: lowrisegarden.