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210 - 280 Tedmark Court, Kankakee, IL 60901

$3,999,000
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  • 210 - 280 Tedmark Court, Kankakee, IL 60901 Main Photo

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Active
BEDS0 BATHS MLS#12013807
STATUSActive PROPERTY TYPEMulti Unit - Multiple
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Property Description

FOR SALE - KANKAKEE - 58 UNIT APARTMENT COMPLEX - This seller is offering the Tedmark & Cooper Apartment Complex, a 58-unit, seven building multifamily portfolio in Kankakee, IL at a purchase price of $3,999,000 equal to $68,965 per unit. The property has been operating under IHDA regulations, with extended use requirements, that ended December 2025, creating a rare and immediate market rate conversion opportunity. With rents below market rate, above normal vacancy and turnover constrained by compliance rules, the portfolio is positioned for a new owner to execute a high impact value add strategy and unlock substantial NOI growth. Also, with the IHDA expiration, this would be an opportune time for the buyer to incorporate RUBS (Ratio Utility Billing System) for additional value add income! PROPERTY OVERVIEW 58 Total Units Across Seven Buildings 210 Tedmark Ct. - 12 units 220 Tedmark Ct. - 4 units 230 Tedmark Ct. - 4 units 240 Tedmark Ct. - 8 units 2755 Cooper Dr. - 12 units 2779 Cooper Dr. - 12 units 280 Tedmark Ct. - 6 units - GREAT INVESTMENT OPPORTUNITY - CALL TODAY!

210 - 280 Tedmark Court | MLS# 12013807

This multi-family property located at 210 - 280 Tedmark Court, Kankakee, IL 60901 is currently listed for sale with an asking price of $3,999,000. Search Kankakee real estate on dwilder.bhhscrosby.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Wall Sleeve
Lot Size: 2.36 Acres
Roof Type: Fiberglass
Stories: 3.0
Taxes: $17,260
Year Built: 1974

Feature Descriptions

Current Use: Multi-Family
Drains: Balcony/ies
Electric: Circuit Breakers
Exterior: Wood, Vinyl Siding, Brick
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Electric, Gas
Lot Dimensions: 115 200 X 450
Miscellaneous Outdoor: Balcony/ies
Parcel#: 12170310602500
Parking: 51-100 Spaces
Potential Use: Multi-Family
Tenant Pays: Electricity, Heat, Varies by Tenant
Units: 58
Utilities: Sewer Connected

Listed By / Shown By

Listed By

Agency Name: McColly Bennett Real Estate
Agency Phone: 815-929-9381

Shown By

Agent Name: System Administrator
Agent Phone: (815) 397-4040
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate

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Estimated Payment

$ 11,504.75 per month $8,900.04 Principal & Interest $1,438.33 Property Tax $1,166.38 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 04/17/2026. The listing information on this page last changed on 04/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 04/17/2026 12:04:30 AM EST) or MRED MLS (last updated Thu 04/16/2026 11:57:57 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 04/16/2026 10:16:31 PM EST) or Northern Illinois Commercial Association Realtors (last updated Thu 04/16/2026 2:10:13 PM EST). Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Crosby Starck Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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