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Kankakee Regional Land Bank Authority offers rehab-ready homes for sale

The Kankakee Regional Land Bank Authority has listed the former Jaffe Drugs building, pictured Jan. 24, 2026, at 217 E. Court St., for sale at $99,900.

The Kankakee Regional Land Bank Authority, a partnership between the City of Kankakee and Kankakee County, is selling abandoned single-family and 2-unit homes ready for rehabilitation.

The first property, a 2-flat on S. Chicago Ave., will receive a new roof from the land bank, with the buyer completing the remaining rehab. An open house on January 31 attracted strong interest. A second open house is scheduled for February 14.

Most land bank properties require moderate to substantial rehab, making them appealing to investors. The land bank will also sell to owner-occupants who can secure financing, such as an FHA 203(k) purchase-rehab loan.

To View Properties and Apply:

Visit www.krlba.org to view available homes and submit online applications.

For more information about the land bank, contact Brian White, acting director, or visit their website at www.krlba.org.

Marcus Jackson

Marcus Jackson is an editorial assistant for the Shaw Local News Network