FOR SALE - KANKAKEE - Fifty-Eight UNIT APARTMENT COMPLEX - This seller is offering the Tedmark and Cooper Apartment Complex, a fifty-eight unit, seven building multifamily portfolio in Kankakee, Illinois at a purchase price of $4,350,000 equal to $75,000 per unit. The property has been operating under Illinois Housing Development Authority regulations, with extended use requirements that ended December 2025, creating a rare and immediate market rate conversion opportunity. With rents below market rate, above normal vacancy and turnover constrained by compliance rules, the portfolio is positioned for a new owner to execute a high impact value add strategy and unlock substantial net operating income growth. Also, with the Illinois Housing Development Authority expiration, this would be an opportune time for the buyer to incorporate Ratio Utility Billing System for additional value add income! PROPERTY OVERVIEW Fifty-Eight Total Units Across Seven Buildings 210 Tedmark Court - Twelve units 220 Tedmark Court - Four units 230 Tedmark Court - Four units 240 Tedmark Court - Eight units 2755 Cooper Drive - Twelve units 2779 Cooper Drive - Twelve units 280 Tedmark Court - Six units - GREAT INVESTMENT OPPORTUNITY - CALL TODAY!