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.
