Kankakee, IL, Real Estate

Kankakee, Illinois, is a vibrant city located about 60 miles south of Chicago along the banks of the Kankakee River. With a population of roughly 26,000, it serves as the county seat of Kankakee County and offers a mix of small-town charm and rich history. The city is known for its scenic riverfront, historic architecture like the Frank Lloyd Wright-designed B. Harley Bradley House, and a strong agricultural heritage. Kankakee features a diverse community, with attractions such as the Kankakee River State Park, perfect for fishing, hiking, and kayaking, and a lively downtown hosting farmers' markets and festivals. Its proximity to Chicago, combined with affordable living and a welcoming atmosphere, makes Kankakee an appealing destination for families and visitors seeking a blend of nature and culture.

Kankakee currently has 113 single family homes for sale with an average list price of $206,353.95, 2 condos for sale with an average list price of $127,500, and 47 lots for sale with an average list price of $93,932.34. The average annual property tax for Kankakee is $3,570.99.

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Absorption Report

Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Kankakee, i.e. what's hot and what's not.

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Recent Sales

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Subdivisions

Subdivisions Median Price
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Gracefield

Gracefield is a single-family home community in Kankakee, Illinois, built between 1954 and 1977. It currently has 8 single family homes for sale with an average list price of $233,675. The homes range in size from 1,212 ft2 to 3,430 ft2. The average annual property tax for Gracefield is $5,756.97. It is located in Kankakee County. ... Read more
Median Price: $196,000
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Indian Meadows

Indian Meadows is a townhouse and single-family home community in Kankakee, Illinois, built between 2008 and 2024. It currently has 9 lots for sale with an average list price of $65,777.78. The homes range in size from 1,640 ft2 to 2,120 ft2. The average annual property tax for Indian Meadows is $9,155.85. It is located in Kankakee County. ... Read more
Median Price: $353,500
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Marycrest

Marycrest is a single-family home community in Kankakee, Illinois, built between 1950 and 2007. It currently has 2 single family homes for sale with an average list price of $139,950. The homes range in size from 850 ft2 to 1,451 ft2. The average annual property tax for Marycrest is $2,298.47. It is located in Kankakee County. ... Read more
Median Price: $150,000
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River Bend

River Bend is a single-family home community in Kankakee, Illinois, built between 1964 and 2021. It currently has 1 single family home for sale with a list price of $354,000 and 13 lots for sale with an average list price of $35,570.77. The homes range in size from 1,407 ft2 to 4,004 ft2. The HOA fees range from $4 to $13 per month. The average annual property tax for River Bend is $6,025.39. It is located in Kankakee County. ... Read more
Median Price: $414,000
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Sunnyside

Sunnyside is a single-family home community in Kankakee, Illinois, built between 1949 and 1972. It currently has 2 single family homes for sale with an average list price of $147,500. The homes range in size from 955 ft2 to 1,900 ft2. The average annual property tax for Sunnyside is $2,650.61. It is located in Kankakee County. ... Read more
Median Price: $140,000
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Nearby Golf Courses

Kankakee Country Club

2011 Cobb Blvd, Kankakee, IL 60901
Par 70 • 70 holes • 5745 yards

Nearby Golf Courses

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Real Estate News

New Homes with Master Bedrooms on the 1st Floor in Kankakee: November 8th to November 14th

New Homes with Master Bedrooms on the 1st Floor in Kankakee: November 8th to November 14th - November 15, 2025

Kankakee had 6 new homes for sale with a master bedroom on the first floor during the month of Saturday, November 8 to Friday, November 14, including 6 single ... continue reading
New Homes For Sale This Week in Kankakee: November 7th to November 13th

New Homes For Sale This Week in Kankakee: November 7th to November 13th - November 14, 2025

Kankakee had 8 new homes for sale during the week of Friday, November 7 to Thursday, November 13, including including 8 single family homes for sale with an average list ... continue reading
Homes Just Sold in Kankakee: November 4th to November 10th

Homes Just Sold in Kankakee: November 4th to November 10th - November 11, 2025

Kankakee had 3 sales during the week of Tuesday, November 4 to Monday, November 10, including including 3 single family homes for sale with an average list price of $178,262.67. $179,900 1627 ... continue reading
New Homes with Master Bedrooms on the 1st Floor in Kankakee: November 1st to November 7th

New Homes with Master Bedrooms on the 1st Floor in Kankakee: November 1st to November 7th - November 8, 2025

Kankakee had 3 new homes for sale with a master bedroom on the first floor during the month of Saturday, November 1 to Friday, November 7, including 3 single ... continue reading
New Homes For Sale This Week in Kankakee: October 31st to November 6th

New Homes For Sale This Week in Kankakee: October 31st to November 6th - November 7, 2025

Kankakee had 11 new homes for sale during the week of Friday, October 31 to Thursday, November 6, including including 9 single family homes for sale with an average list ... continue reading
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