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Land Bank Completes First Acquisition and Sale

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Wednesday, February 7, 2024

Land Bank Completes First Acquisition and Sale

The Kankakee Regional Land Bank Authority (KRLBA) completed their first acquisition and sale of a distressed property in Kankakee. The multi-unit property at 831 S. Washington Ave was acquired by the KRLBA through a deed in lieu of foreclosure. KRLBA abated taxes and released a request for proposal to find a qualified buyer to rehabilitate the property.