242 South Entrance

Kankakee, IL

Kankakee County Land Bank2,932 sqftStructure

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Location & enrichment

Property type: Structure
Flood zone: X
Lot size: 2,932 sqft
Nearest metro: 53.8 mi
Nearest airport: 41.7 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 July 14, 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 $92,500 = 119% 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.