If $M$ is torsion-free (as a $\mathbb{Z}-$module), then the Kunneth formula still holds. If $M$ is the$M = \mathbb{Z}$ with trivial $\mathbb{Z}$-modulegroup action, then it holds by the corresponding result for the CW-complex category and abstract nonsense; more generally, it holds for chain complexes under some fairly mild restrictions (including having finite homology in each dimension, but that's clear here.)