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 100 single family homes for sale with an average list price of $214,878.72, 1 townhouse for sale with a list price of $65,000, 2 condos for sale with an average list price of $62,500, and 44 lots for sale with an average list price of $85,932.27. The average annual property tax for Kankakee is $3,678.05.

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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 1978. It currently has 1 single family home for sale with a list price of $240,000. The homes range in size from 1,212 ft2 to 3,430 ft2. The average annual property tax for Gracefield is $5,118.31. It is located in Kankakee County. ... Read more
Median Price: $215,050
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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 8 lots for sale with an average list price of $35,000. 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 1 single family home for sale with a list price of $125,000. The homes range in size from 850 ft2 to 1,451 ft2. The average annual property tax for Marycrest is $2,305.62. It is located in Kankakee County. ... Read more
Median Price: $141,000
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River Bend

River Bend is a single-family home community in Kankakee, Illinois. It currently has 1 single family home for sale with a list price of $599,900 and 13 lots for sale with an average list price of $35,570.77. The homes range in size from 1,456 ft2 to 4,004 ft2. The HOA fees range from $4 to $13 per month. The average annual property tax for River Bend is $7,168.75. It is located in Kankakee County. ... Read more
Median Price: $385,000
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Sunnyside

Sunnyside is a single-family home community in Kankakee, Illinois, built between 1949 and 1960. It currently has 1 single family home for sale with a list price of $174,900. The homes range in size from 955 ft2 to 1,900 ft2. The average annual property tax for Sunnyside is $2,857.19. It is located in Kankakee County. ... Read more
Median Price: $140,000
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Subdivisions

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Market Trends

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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: February 21st to February 27th

New Homes with Master Bedrooms on the 1st Floor in Kankakee: February 21st to February 27th - February 28, 2026

Kankakee had 4 new homes for sale with a master bedroom on the first floor during the month of Saturday, February 21 to Friday, February 27, including 4 single ... continue reading
New Homes For Sale This Week in Kankakee: February 20th to February 26th

New Homes For Sale This Week in Kankakee: February 20th to February 26th - February 27, 2026

Kankakee had 8 new homes for sale during the week of Friday, February 20 to Thursday, February 26, including including 5 single family homes for sale with an average list ... continue reading
Homes Just Sold in Kankakee: February 17th to February 23rd

Homes Just Sold in Kankakee: February 17th to February 23rd - February 24, 2026

Kankakee had 4 sales during the week of Tuesday, February 17 to Monday, February 23, including including 3 single family homes for sale with an average list price of $163,329. $159,000 545 ... continue reading
New Homes with Master Bedrooms on the 1st Floor in Kankakee: February 14th to February 20th

New Homes with Master Bedrooms on the 1st Floor in Kankakee: February 14th to February 20th - February 21, 2026

Kankakee had 9 new homes for sale with a master bedroom on the first floor during the month of Saturday, February 14 to Friday, February 20, including 9 single ... continue reading
New Homes For Sale This Week in Kankakee: February 13th to February 19th

New Homes For Sale This Week in Kankakee: February 13th to February 19th - February 20, 2026

Kankakee had 9 new homes for sale during the week of Friday, February 13 to Thursday, February 19, including including 9 single family homes for sale with an average list ... continue reading
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