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Condo Foreclosures in Kankakee, IL 60901

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Kankakee, IL Foreclosures

Current Market Conditions in in Kankakee, IL As of May 2026?
Home values: +1.49% MoM; rent: +0.00% MoM.
How much do homes sell for in Kankakee, IL?
The average home price is currently $197,606.
In Kankakee, IL, how many homes are available?
There are currently 1 active home listings available in Kankakee.
What’s the average rental cost in Kankakee, IL?
The average rental price in Kankakee is $1,210.
What is the most expensive home in Kankakee?
The most expensive home sold in Kankakee had a price of $20,615,650.
What is currently the cheapest priced home in Kankakee, IL?
The cheapest home for sale in Kankakee is priced at $10,021.

Living in Kankakee, IL

Kankakee, IL is an affordable riverfront market with established neighborhoods, regional employers, and access to I-57, offering investors entry-level pricing and rental demand tied to local healthcare, education, retail, and service-sector employment.

Buyer vs Seller Market in Kankakee, IL

Median home value: $159,605 as of 2026-05-14.

Median rent: $1,150 as of 2026-05-14.

Home values: +1.49% MoM, +9.75% YoY.

Rent: +0.00% MoM, +0.00% YoY.

Home Value Estimator For Kankakee, IL

There are currently 11,837 real estate properties in Kankakee, IL, with a median automated valuation model (AVM) price of $159,605.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Kankakee, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Kankakee, IL, is $197,606.00, with the most expensive house in Kankakee, IL, topping out at $20,615,650.00 and the cheapest home in Kankakee, IL, clocking in at $10,021.00. In other words, there’s something for every potential homebuyer or savvy investor in Kankakee, IL!

Rent Prices In Kankakee, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Kankakee, IL, is on a rollercoaster ride. The average rent price in Kankakee, IL, is $1,210.00. Indeed, when looking to rent in Kankakee, IL, you can expect to pay as little as $500.00 or as much as $2,930.00, with the average rent median estimated to be $1,150.00. The good news is that finding an affordable and desirable property to rent in Kankakee, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Kankakee, IL 60901 Condos

Market Trend for Kankakee, IL

Total Listings Available: 1

Market Values:

Home Prices from $10,021 to $20,615,650

Average Sales Price: $197,606

Rental Values:

Rental from $500 to $2,930

Average Rent Value: $1,210 / month

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