$ 425,000
401 E Van Buren Street Malta, IL 60150
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$ 425,000
Est. payment /mo
Active
401 E Van Buren Street Malta, IL 60150
8 Beds
0.37 Acres Lot
UPDATED:
11/12/2024 06:07 AM
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12198583
Bedrooms 8
Annual Tax Amount $5,786
Tax Year 2023
Lot Size 0.370 Acres
Lot Dimensions 99X165
Property Description
IMAGINE OWNING A HOME WHERE YOUR RENTAL INCOME COVERS YOUR MORTGAGE! This unique three-unit property in the peaceful town of Malta offers a special opportunity to enjoy a spacious primary residence while generating income from two attached apartments. Unit A, the main residence, is a substantial 5-bedroom, 2-bath home with over 2,200 square feet. With spacious bedrooms, a primary suite featuring an ensuite bath, and a bonus room perfect as a nursery, office, or dressing room/extra closet, this home offers flexibility for all your needs. This unit is filled with character and offers incredible potential to make it your own. This main unit is also equipped with a Generac generator (installed in 2014) for reliable power. Unit B is a comfortable 2-bedroom, 1-bath apartment with 837 square feet of living space, featuring generously sized bedrooms and a bright atmosphere. Ideal for tenants seeking a cozy yet spacious home, this unit offers immediate rental potential. Unit C is a 1-bedroom, 1-bath apartment offering 625 square feet of well-designed space, including a functional kitchen, a large family room with room for a full dining area, and a comfortable bedroom. Perfect for tenants who seek a blend of comfort and practicality! This property has been well-maintained with some recent updates: a new roof and vinyl siding were installed around 2014, four new water heaters are scheduled to be installed before closing, and the landscaping has been refreshed this year. This home offers ample opportunity to add your finishing touches and unlock its full potential! Conveniently located, this property is just 10 minutes from Northern Illinois University, Kishwaukee College, and DeKalb, and a 15-minute drive to Rochelle and Sycamore. Whether you're looking for a home with income potential or an investment to add to your portfolio, this property offers a unique blend of living space and rental opportunity-live comfortably while your investment works for you!
Location
State IL
County Dekalb
Community Street Paved
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Attached
Garage Spaces 2.0
Waterfront false
View Y/N true
Roof Type Asphalt
Parking Type Driveway
Building
Lot Description Corner Lot, Fenced Yard
Water Public
New Construction false
Schools
Elementary Schools Malta Elementary School
Middle Schools Huntley Middle School
High Schools De Kalb High School
School District 428, 428, 428
Others
Ownership Fee Simple
Special Listing Condition Standard
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Elizabeth Metcalf • Willow Real Estate, Inc