Kankakee Homes under $200,000

Welcome to Kankakee, Illinois, a charming city that perfectly blends small-town warmth with urban conveniences. Nestled in Kankakee County, this vibrant community is known for its rich history, picturesque parks, and a strong sense of community spirit. With a population of around 27,000 residents, Kankakee offers a welcoming atmosphere where neighbors become friends, and families thrive.

One of the standout features of Kankakee is its affordability. For those looking to invest in their dream home without breaking the bank, the city boasts a variety of homes priced under $200,000. This makes it an ideal destination for first-time homebuyers, growing families, or anyone seeking a cozy retreat at an accessible price point. From charming bungalows to spacious single-family homes, Kankakee offers diverse options that cater to a range of lifestyles and preferences.

Beyond the homes, Kankakee is rich in recreational opportunities. Residents enjoy access to beautiful parks, the scenic Kankakee River, and a variety of local events that bring the community together throughout the year. Whether you're exploring the local farmer's market, attending a summer festival, or simply enjoying a day in one of the many parks, there’s always something happening in this lively city.

With a blend of affordability, community spirit, and natural beauty, Kankakee, Illinois, is a fantastic place to call home. Discover your perfect abode in this delightful city, where your dream of homeownership can become a reality!

Newest Kankakee Homes under $200,000

$99,000

3 Beds ⋅ 2 Baths ⋅ 12776288 MLS ⋅ NEW Status

This 3-bedroom, 1.5-bath home sits on a nice corner lot and is currently being used as a rental. The current renters would love the opportunity to stay, making this a great option for an investor looking for an established rental. The home also offers a 2-car detached garage and is being sold as-is. A nice opportunity for someone looking to add a rental property to their portfolio!

1203 S 4Th Avenue, Kankakee

$90,000

2 Beds ⋅ 1 Baths ⋅ 12761844 MLS ⋅ NEW Status

BRING YOUR VISION! Opportunity awaits with this 2-bedroom, 1-bath ranch situated on a spacious corner lot. Features include a 1-car attached garage, NEW VINYL SIDING & NEW ROOF in 2026, covered front porch and separate dining room. The full basement offers laundry hookups and plenty of storage space. With a little TLC and personal touches, this home offers plenty of potential to make it your own and add value. Whether you're exploring a future home of your own or an addition to your investment portfolio, this property deserves a closer look. Currently tenant occupied. ONE-YEAR HOME WARRANTY PROVIDED BY SELLER!

1209 E Maple Street, Kankakee

$140,000

3 Beds ⋅ 1 Baths ⋅ 12749106 MLS ⋅ NEW Status

Discover the appeal of ranch-style living in this 3-bedroom, 1-full-bath home! Built in 1952 and situated on an irregular lot, this home blends classic character with valuable recent updates. A NEW ROOF in 2026 adds to its appeal, while new kitchen cabinets installed in 2025 give the kitchen a refreshed look. A new front door, also installed in 2025, provides a welcoming first impression. Whether you're exploring a future home of your own or an addition to your investment portfolio, this property deserves a closer look. Currently tenant occupied. Property is being SOLD AS-IS; seller will make no repairs.

1936 E Marmion Street, Kankakee

$99,900

4 Beds ⋅ 2 Baths ⋅ 12776154 MLS ⋅ NEW Status

Whether you're looking for your first investment property or want to live in one unit while collecting rent from the other, this one makes sense! Brick 2-flat with two spacious 2 bedroom units, full basement with tenant laundry area for the first floor unit and extra storage space through the walk-up attic access in the second floor unit. This property also includes an additional lot behind the building with separate PIN. Great starter home or first property to start your portfolio! Sold As is.

369-371 S 3Rd Avenue, Kankakee

$187,777

4 Beds ⋅ 2 Baths ⋅ 12760608 MLS ⋅ NEW Status

Welcome to a home designed with space and flexibility in mind! This 4-bedroom, 2-bath home offers a comfortable layout with plenty of room to spread out. The bright and inviting living room welcomes you in, while the spacious kitchen provides plenty of room for everyday meals and gatherings. One of the highlights is the additional oversized living space, giving you the freedom to create a formal dining room, family room, entertainment area, or whatever best fits your lifestyle. All four bedrooms offer comfortable living space, while outside you'll find a generous partially fenced yard. A 2-car detached garage provides additional parking and storage. With its versatile floor plan and abundance of space, this home is ready for its next chapter. Schedule your private showing today and see the possibilities for yourself!

250 N Hammes Avenue, Kankakee

$199,900

3 Beds ⋅ 1 Baths ⋅ 12775109 MLS ⋅ NEW Status

With a new roof and siding installed in summer 2026, this three-bedroom ranch has some big updates already taken care of! Hardwood floors run through the living room, hallway, and all three bedrooms. The kitchen features newer cabinets, granite countertops, a tile backsplash, and stainless steel appliances, while the updated bathroom adds to the home's appeal. The washer and dryer are included, too! Enjoy a little fresh air on the front porch deck or spend time in the fenced-in backyard. A full basement provides extra space for storage, hobbies, or future plans, and the detached spacious two-car garage offers room for parking and extra storage.

435 S Cannon Avenue, Kankakee

$199,900

3 Beds ⋅ 2 Baths ⋅ 12772065 MLS ⋅ ACTIVE Status

Brick Bungalow situated in West Kankakee. Located a couple blocks from Bird Park, Splash Pad, and the Kankakee River. This home welcomes you in with a large front porch. Inside the front door you will find a large living room with hardwood floors and a galley style kitchen. The kitchen feature real wood cabinets and SS appliances. Off the LR you will find to bedrooms w/HW floors and a large full bathroom. On the second level you will find a large primary suite. The basement has a finished bonus room, great for a family room, or guest space and a 2nd full bathroom. Ample storage available in the unfinished portion of the basement. This property offers a large fenced in back yard and a 3 car garage. The garage also offers a 4th side load garage door. Garage HVAC systems AS IS. AC unit 2025. Microwave 2026. Age of all other appliance unknown. This is an Estate Sale, sellers prefer to sell As Is. Conventional Financing Best.

479 S Winfield Avenue, Kankakee

$190,000

3 Beds ⋅ 2 Baths ⋅ 12770582 MLS ⋅ ACTIVE Status

Great potential in the charming 3-bed, 1.5-bath ranch in unincorporated Kankakee! Escape to your Florida room. Hardwood floors in bedrooms, wood vinyl in living/kitchen. Fully finished basement with wood-burning stove. Attached garage, driveway, and spacious yard. Schedule your showing today!

3858 E Lakeview Drive, Kankakee

$129,900

2 Beds ⋅ 1 Baths ⋅ 12765518 MLS ⋅ ACTIVE Status

Updated and ready for you to move right in! This two-bedroom, one-bath home at 1266 N Schuyler Avenue offers an easy transition into your next chapter. A brand-new roof, siding, and windows give the home a fresh look, while the corner lot provides a spacious yard to enjoy. Schedule your showing and see it for yourself! BRADLEY BOURBONNAIS SCHOOL DISTRICT

1266 N Schuyler Avenue, Kankakee

$200,000

3 Beds ⋅ 1 Baths ⋅ 12715828 MLS ⋅ ACTIVE Status

Live in town but feel like you are in the country! You get a barn to use as a garage or with work possibilities and use the 2nd story for storage! Or use it for income purposes! Gas & electric have separate utilities for each building! With all that and more, you can walk through the front door into the sizable entry that can be used as another room! Walk into the sizable dining room, with corner China cabinet, that leads to the living room looking out to the lazy front yard. Moving to the rear of the home gets you to the kitchen with newer appliances and space in the middle for an island or a table. There is a full bathroom with ceramic floors. There is a bedroom on the main floor, which is unusual for an older home. Taking the stairs to the 2nd story leads to an open room that can be used as a den or computer room along with the other bedrooms and more storage or an area above the other bathroom that could be used for a 2nd bathroom! The basement is nice and clean and houses the updated circuit breaker box and the furnace and water heater, too. Now going out to the barn, it has so much to offer! The barn is heated (interior measures 33'x24', has a small water heater for the sink and 1/2 bath, furnace so it can be heated for working in the garage or just taking the chill out if you park cars there. There is a working hayloft door, compressed air lines, 220 electric, lots of electric throughout both floors of the barn, lighted & covered 35'x10' patio with outside electric and more! NEW IN 2026 is roof on house and garage, vinyl siding, gutters and 4 windows. Nearby is the RIVER FRONT TRAIL for biking from I-57 to the KANKAKEE STATE PARK and beyond. Just blocks to the KANKAKEE RIVER and close to 5 RIVERFRONT PARKS and boat launch, PAVILION for concerts, baseball fields, splash pad, QUARRY and more! Within 5 minutes of the YMCA, 2 BIG HOSPITALS. Also close by is the YMCA Child Care Center, Brookmont Bowling Center and SHOPPING at Meadowview Shopping Centre with stores and 3 THEATERS, First American Bank, PLANET FITNESS & McDonald's. Nearby is Popeyes Chicken, BERRY & BUTTER RESTAURANT, Sammy's Pizza, Walgreens, Village of Bradley and more. Downtown Kankakee isn't far away with it's STOREFRONTS and ACTIVITIES such as the popular FARMER'S MARKET on Saturdays, MERCHANT STREET MUSIC FESTIVAL, Sandwiches With a Side of Jam, Sunset Stroll, FRIDAY NIGHT CONCERT SERIES and more! For your educational needs, this home is located close to OLIVET and KANKAKEE COMMUNITY COLLEGE and MACNAMARA HIGH SCHOOL. Kankakee School District offers MORE PROGRAM CHOICES than any other area school district. Unique choices like MAGNET & MONTESSORI, the Culinary Arts with the Kays Kitchen food truck and KANKAKEE KAYS BATTALION JROTC. Also, don't miss the popular KANKAKEE RIVER VALLEY REGATTA. Ask for 1 year AHS brand warranty. This is a RARE OPPORTUNITY to find a nice home with a GREAT BARN/garage/heated workshop at an AFFORDABLE PRICE in the City of Kankakee! DON'T WAIT TOO LONG! START PACKIN'!

550 W Henry Street, Kankakee

$129,900

2 Beds ⋅ 1 Baths ⋅ 12754078 MLS ⋅ ACTIVE Status

A home with possibilities! This 2-bedroom, 1-bath property offers a comfortable layout with hardwood flooring throughout most of the home and plenty of windows that fill the rooms with natural light. Beyond the main living areas, the walk-up attic provides valuable space, keep it for storage or explore the potential to finish it for additional living space. The full basement offers even more room for storage, hobbies, or future possibilities. An enclosed porch in the backyard adds another useful space to enjoy, while the fenced backyard provides privacy and room for pets, gardening, entertaining, or simply relaxing outdoors. The property also includes a one-car garage conveniently positioned alongside the home for easy access. Whether you're purchasing your first home, looking to downsize, or searching for another property to add to your rental portfolio, this one offers flexibility and potential at every turn. Bring your ideas and make the space your own! Property is being sold as-is.

820 S 6Th Avenue, Kankakee

$60,000

3 Beds ⋅ 1 Baths ⋅ 12744286 MLS ⋅ ACTIVE Status

Bring your vision and transform this spacious two-story West Kankakee home into something truly special! This rehab property offers an impressive amount of space and has already received several major exterior improvements, including a new roof, siding, soffit, and fascia, giving the next owner a great head start on the renovation. Inside, you'll find a large open-concept living and dining area offering plenty of room for everyday living and entertaining. The first floor features a bedroom, a roughed-in bathroom, and laundry connections, providing great flexibility for future use. Upstairs, the oversized primary bedroom is a standout feature, complete with a massive primary bathroom and walk-in closet offering the potential to create an incredible private suite. The very large backyard provides plenty of room to build a future garage, create an outdoor entertaining area, add a garden, or simply enjoy the additional recreational space. Conveniently located near local parks, fishing areas, the beautiful Kankakee River, and other area amenities. Whether you're an investor searching for your next renovation project or an owner-occupant looking to create a home of your own with a renovation loan, this property offers an incredible amount of potential and space to work with. Property is being sold strictly AS-IS. Seller will make no repairs. No tax credit will be given. Buyer is responsible for conducting all due diligence and must comply with all Kankakee Regional Land Bank Authority purchase requirements.

980 S 6Th Avenue, Kankakee

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