Kankakee, Illinois — top rental deal at 9.9% ROI

We analyze 35 active listings in Kankakee and surface the strongest rental-return candidates below, each with its cap rate, cash flow, and estimated rent.

35 Active listings whole market
5.39% Median ROI investment-grade deals
7.33% Median cap rate investment-grade deals
$1100-1800 Typical rent investment-grade deals
100.0% Rentable share whole market
Top ROI

481 N Cottage Avenue Kankakee IL 60901

July 23rd, 2026

  • 3 Beds
  • 1 Baths
  • 1000 Sq Ft
ROI 9.9%
Cap Rate 8.46%
Cash Flow $319
Est. Rent: $1400-1500
Listing Price $154,500
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726 N Webster Circle Kankakee IL 60901

September 1st, 2026

  • 2 Beds
  • 1 Baths
  • 640 Sq Ft
ROI 8.3%
Cap Rate 8.06%
Cash Flow $190
Est. Rent: $1100-1800
Listing Price $109,900
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684 S Gordon Avenue Kankakee IL 60901

May 14th, 2025

  • 2 Beds
  • 1 Baths
  • 754 Sq Ft
ROI 5.8%
Cap Rate 7.43%
Cash Flow $169
Est. Rent: $1095-1800
Listing Price $140,000
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682 S Osborn Avenue Kankakee IL 60901

June 4th, 2026

  • 2 Beds
  • 1 Baths
  • 890 Sq Ft
ROI 5.39%
Cap Rate 7.33%
Cash Flow $118
Est. Rent: $1095-1800
Listing Price $104,999
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895 N 5th Avenue Kankakee IL 60901

September 1st, 2026

  • 3 Beds
  • 1.1 Baths
  • 1585 Sq Ft
ROI 2.02%
Cap Rate 6.49%
Cash Flow $61
Est. Rent: $1395-2300
Listing Price $145,000
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1266 N Schuyler Avenue Kankakee IL 60901

September 23rd, 2026

  • 2 Beds
  • 1 Baths
  • 802 Sq Ft
ROI 1.78%
Cap Rate 6.43%
Cash Flow $44
Est. Rent: $950-1500
Listing Price $119,900
View Details
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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity℠ Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Panda Nook Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the MLS GRID for MRED as of 11/6/2026. 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. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

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Data is refreshed every 15 minutes. Listing last updated 8:45 PM CT on 11/6/2026.