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 $201,935.37, 4 condos for sale with an average list price of $124,200, and 43 lots for sale with an average list price of $94,819.07. The average annual property tax for Kankakee is $3,680.67.

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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 3 single family homes for sale with an average list price of $229,933.33. The homes range in size from 1,212 ft2 to 3,430 ft2. The average annual property tax for Gracefield is $5,161.86. It is located in Kankakee County. ... Read more
Median Price: $205,000
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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 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 $132,500. 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: $132,000
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River Bend

River Bend is a single-family home community in Kankakee, Illinois. It currently has 2 single family homes for sale with an average list price of $476,950 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: $399,500
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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 $169,950. The homes range in size from 955 ft2 to 1,900 ft2. The average annual property tax for Sunnyside is $2,806.15. It is located in Kankakee County. ... Read more
Median Price: $117,000
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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

Homes Just Sold in Kankakee: December 30th to January 5th

Homes Just Sold in Kankakee: December 30th to January 5th - January 6, 2026

Kankakee had 2 sales during the week of Tuesday, December 30 to Monday, January 5, including including 2 single family homes for sale with an average list price of $177,450. $174,900 37 ... continue reading
New Homes with Master Bedrooms on the 1st Floor in Kankakee: December 27th to January 2nd

New Homes with Master Bedrooms on the 1st Floor in Kankakee: December 27th to January 2nd - January 3, 2026

Kankakee had 6 new homes for sale with a master bedroom on the first floor during the month of Saturday, December 27 to Friday, January 2, including 6 single ... continue reading
New Homes For Sale This Week in Kankakee: December 26th to January 1st

New Homes For Sale This Week in Kankakee: December 26th to January 1st - January 2, 2026

Kankakee had 6 new homes for sale during the week of Friday, December 26 to Thursday, January 1, including including 4 single family homes for sale with an average list ... continue reading
New Homes with Master Bedrooms on the 1st Floor in Kankakee: December 20th to December 26th

New Homes with Master Bedrooms on the 1st Floor in Kankakee: December 20th to December 26th - December 27, 2025

Kankakee had 4 new homes for sale with a master bedroom on the first floor during the month of Saturday, December 20 to Friday, December 26, including 4 single ... continue reading
New Homes For Sale This Week in Kankakee: December 19th to December 25th

New Homes For Sale This Week in Kankakee: December 19th to December 25th - December 26, 2025

Kankakee had 7 new homes for sale during the week of Friday, December 19 to Thursday, December 25, including including 7 single family homes for sale with an average list ... continue reading
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