360 South Elm

Kankakee, IL

Kankakee County Land Bank7,266 sqftStructure

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Location & enrichment

Property type: Structure
Zoning: R-1
Flood zone: X
Lot size: 7,266 sqft
Nearest metro: 53.8 mi
Nearest airport: 41.4 mi
Assessed value (county): —
Area median home value: $77,600
Area pop. trend (5yr): -6.6%
Area median rent: $878/mo
Owner-occupied: 23.1%
Rental vacancy: 26.3%

Not investment advice. Verify eligibility, price, and restrictions with the source listing before acting. Imagery is approximate (parcel centroid). Inventory checked August 28, 2026.

How to buy from the Kankakee County Land Bank

The Kankakee County Land Bank is a public agency that resells government-owned property. Start from the source listing, confirm the parcel is still available, and follow the land bank's published application or offer process.

Kankakee Regional Land Bank profile →All Kankakee County Land Bank listings →How to buy land bank property in Illinois →

Quick deal check

Purchase priceRenovation budgetAfter-repair value

All-in $86,233 = 111% of ARV

Over budget for a flip

ARV starts from the area's median home value (Census) — replace it with real comps before acting. The 70% rule: flippers target purchase + rehab ≤ 70% of ARV. Not financial advice.

Buildability report

Pro

1 of 5 checks raised a caution — see which

Each result names the measurement, the source dataset it came from, and when it was last refreshed.