Properties

Features
: Wall Sleeve
: Sewer Connected
Address Map
US
IL
Kankakee
Kankakee
60901
Tedmark
210 - 280
Court
W88° 8' 19.8''
N41° 7' 12.1''
East on Court St., south on Hillcrest, east on Cooper Dr. to Tedmark. Properties on east side of street.
Kankakee
MULTI
Additional Information
: Brick , Vinyl Siding , Wood
: Multi-Family
Circuit Breakers
: Concrete Perimeter
115 200 X 450
58
Multi-Family
4350000
3
: Community Water
McColly Bennett Real Estate
Jay Tamblyn
Financial
17260.3
Listing Information
940284
94050
Active
2026-03-29T05:06:12Z
MRED
2026-03-29T05:05:14Z
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!

Commercial Sale For Sale

210 - 280 Tedmark Court, Kankakee, Illinois 60901

  • Lot Size: 2.36 Acre
$3,999,000
Listing ID#12013807
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12013807
Price : $3,999,000
Year Built : 1974
Lot Size : 2.36 Acre
Listing Status : Active
Roof : Fiberglass
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