Kankakee, IL Home Flips See 82 Properties Resold with 50.3% Gross ROI in July 2026
According to BatchData's latest Flip Activity Report, residential properties in Kankakee County generated an average gross profit of $71,000 for investors. This figure highlights the robust potential for property rehabilitation and resale within the market, even amidst broader state and national real estate trends.
Kankakee County Overview
In July 2026, Kankakee County, Illinois, recorded 82 residential home flips over the trailing 12-month period, signaling consistent investor activity in the local market. These flips generated an average gross profit of $71,000 per property, translating to an average gross ROI of 50.3%. This indicates that for every dollar invested in the purchase price of a flipped home, investors realized a substantial return before accounting for rehab, holding, or selling costs. The average time taken to complete these transactions, from purchase to resale, was 203 days, placing Kankakee's typical flip within the 6-12 month "longer hold" category as defined by BatchData's analysis.
Compared to the broader state landscape, Kankakee County ranks #21 among Illinois's 84 counties for flip volume. Its 82 homes flipped account for 0.7% of the state's total 11,892 residential flips during the same period. Nationally, the United States saw 341,944 homes flipped, underscoring Kankakee's role as a smaller, yet active, contributor to the overall real estate investment ecosystem. While not among the highest-volume markets, Kankakee's consistent activity and strong gross profit margins suggest a resilient market for investors focused on value-add strategies.
Local Market Context for Investors
The average gross ROI of 50.3% in Kankakee County presents a compelling picture for real estate investing. Such a significant return on investment, before expenses, suggests that opportunities exist for investors to identify undervalued properties, execute effective renovations, and achieve substantial gains upon resale. This level of profitability can attract both experienced individual investors and smaller institutional players looking for markets where capital can be deployed efficiently and generate strong returns. The average gross profit of $71,000 per flip further supports this, indicating that even after factoring in typical renovation and holding costs, many projects likely remain highly profitable.
The average days to flip in Kankakee County stood at 203 days. This hold length, which falls into the 6-12 month range, is a key metric for investors evaluating capital turnover. A longer hold period implies a slower cycle for capital deployment compared to "fast flips" (under 6 months), but it also might allow for more extensive renovations or the ability to wait for optimal market conditions to maximize resale value. For investors, understanding this turnaround time is crucial for financial planning and assessing the liquidity of their investments in Kankakee. This market's profile suggests a focus on strategic, value-add projects that require a moderate investment of time, rather than rapid, high-volume transactions. Further insights into the specific purchase and resale price points, as well as the distribution of hold lengths, are illustrated in the accompanying chart, providing a deeper look into the mechanics of these investment cycles.
Kankakee's position as the #21 county in Illinois for flip volume, despite contributing a modest 0.7% of the state's total flips, highlights its distinctive market characteristics. Unlike major metropolitan areas that often dominate raw flip counts, Kankakee offers a market where individual deal economics can be particularly attractive. Investors seeking robust returns without the intense competition of higher-volume markets may find Kankakee's profile appealing. BatchData's market reports provide critical data points for investors to analyze these localized trends and identify opportunities that align with their investment strategies, distinguishing between markets driven by sheer volume and those offering superior individual project profitability.