Kankakee, IL

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Kankakee short-term rental market based on reliable data.

Listings

75 / 145

Reliable / Active

Cap Rate

19%

Middle-Earners Gross Yield

Revenue

$29,846

Middle-Earners Revenue

Occupancy

71%

Middle-Earners Occupancy

Home Value

$155,681

Median Home Sale Price

Top Earners

$49,421

Top-Earners Revenue

Kankakee

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Kankakee.

Loading top listings...

B

Generally Investor friendly

Kankakee Regulations

Explicitly permitted with simple digital licensing and low fees ($65 base), no apparent caps, and support for variances; however, property-level CUPs or parking variances, inspections, and a local-agent requirement add layers, and enforcement consistency is noted as inconsistent across dispersed code sections.

View Kankakee Regulations →

Local STR Agent

STR specialist · Kankakee, IL

Trusted Expert
Get Expert Help In Kankakee
Free consultation Response within 24h

About Kankakee

Kankakee is a city in northeastern Illinois and serves as the county seat of Kankakee County. It has a population of approximately 26,000 residents and forms the heart of a small metropolitan area, often grouped with neighboring Bourbonnais and Bradley, that brings the regional population to roughly 100,000. The city has a working-class, midwestern character, anchored by the Kankakee River, which winds through the area and gives the city its name. It sits roughly 60 miles south of downtown Chicago along the I-57 corridor, making it a convenient stopover or secondary base for travelers exploring the greater Chicago region, and it has long served as a regional hub for agriculture, river-based recreation, and small-scale manufacturing in the south suburbs.

Just northwest of the city lies Kankakee River State Park, a 4,000-plus-acre park straddling the river in Kankakee and Will counties, only about a 10- to 15-minute drive from downtown. The park offers more than 11 miles of well-maintained hiking and biking trails, rock climbing on the limestone cliffs of the Kankakee River canyon, fishing for smallmouth bass and catfish, horseback riding, and a network of campgrounds and picnic areas. It is widely considered one of the more scenic natural escapes in the Chicago metropolitan orbit, and its accessibility from the city makes it a popular draw for day-trippers and overnight visitors alike.

The Kankakee River itself defines much of the area's identity and offers its own appeal beyond the state park. Paddle sports, especially canoeing and kayaking, are popular in calmer stretches closer to the city, and there are several public access points within a short drive of the downtown. The river's banks and adjacent greenways give the city a relaxed, water-oriented feel that distinguishes it from the flatter farmland that surrounds it on three sides, and a number of small public parks line the waterway.

To the south, the community of Bourbonnais sits only about five minutes away and adds its own flavor to the region, with the campus of Olivet Nazarene University, a walkable small-town downtown, and a roster of chain hotels, restaurants, and retailers that serve both visitors and residents. The proximity of Kankakee to both Bourbonnais and, an hour to the north, Chicago, gives the area a layered appeal that blends small-city comfort, outdoor recreation, and easy access to one of the country's largest urban destinations.

Kankakee offers short-term rental owners a distinctive combination of affordability, natural scenery, and strategic location. The Kankakee River State Park, the river-based recreation, and the Bourbonnais-area amenities give guests plenty to fill a weekend, while the short drive north to Chicago opens up world-class dining, museums, and lakefront attractions for longer stays. With steady demand from family visitors to the university, outdoor enthusiasts, and Chicago-area travelers seeking a quieter base, Kankakee presents a quietly compelling market for owners looking to serve both regional leisure travelers and those using the city as a gateway to the wider northeastern Illinois landscape.

startup landing logo

Copyright © 2026 HomeRun Analytics, Inc

Explore

HomeCountry ExplorerProperty Analyzer

Resources

Market ComparatorRegulationsBlog

Trusted by STR investors in 50+ U.S. states

Built by investors, for investors

STRProfitMap® is a registered trademark of HomeRun Analytics, Inc