About This Home

This two-story commercial property has no listed bedrooms or bathrooms and is situated on a 0.30-acre lot in Kankakee, Illinois. Built in 1950, the property is described as a mixed-use asset with both commercial and residential components. Existing remarks identify it as an income-generating property and an investment opportunity.

Central air conditioning is included. Located at 242 W Jeffery Street, the property is offered at $560,000 and provides a combination of commercial and residential use within one building. Its two-story layout and mixed-use configuration may suit buyers seeking a property with multiple use components, subject to verification of permitted uses and existing arrangements. Additional property information is available through the listing agent.

Key Features

  • Built in 1950
  • 0.30 acre lot
  • 2 stories

Property Details

2 stories
1950

Amenities

A/C
Listing Description

GREAT INVESTMENT OPPORTUNITY IN KANKAKEE!! THIS UNIQUE MIXED USED PROPERTY IS A GEM! KEY HIGHLIGHTS: (COMMERCIAL & RESIDENTIAL), INCOME GENERATING ASSET, PRIME LOCATION. REACH OUT TO LISTING AGENT FOR MORE INFORMATION

Monthly Cost Estimate

$2,995/mo

20% down · 6.5% · 30 years

Principal$405
Interest$2,427
Insurance$163

Estimates only. Actual payments may vary.

Location

242 W Jeffery Street

Kankakee, IL 60901

Property Details

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 242 W Jeffery Street is listed at $560,000. The estimated monthly payment is $2,995 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1950, 0.30 acre lot, 2 stories.

This property is listed by Diego Pizano and can be reached at (888) 574-9405.

DP

Diego Pizano

Agent at eXp Realty, LLC

(888) 574-9405
Agent website

Listed by eXp Realty, LLC · Broker phone: (888) 574-9405 · View on Broker Site · Broker website

MLS# 12540003· Source: Midwest Real Estate Data, LLC· 225 days on PropertySimple

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

242 W Jeffery Street, Kankakee, IL 60901

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