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$484,900
Est. payment /mo
5 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12330317
Bedrooms 5
Year Built 1924
Annual Tax Amount $8,923
Tax Year 2023
Lot Dimensions 60 X 150
Property Sub-Type Two to Four Units
Property Description
Historic District Legal Duplex | Fully Vacant | Positioned on a quiet corner in Geneva's designated historic district, this legal duplex has fully exited legacy ownership and stands now as a clean, vacant, income-ready asset. Just blocks from Metra, 3rd Street dining, downtown shops, and parks. This duplex has location stability, dual-unit functionality, and long-term value positioning in one of the city's most consistent zip codes. Turnkey Upper Unit (3 Bed): Private entry, freshly painted, new carpet, new flooring, and a fully updated bath - move-in ready. Turnkey Lower Unit (2 Bed): Private entry with porch, freshly painted, updated bath, clean layout, and historic charm. Each unit has its own entrance; two driveways and a two car garage. Shared basement laundry (washer/dryer included). Utility Structure - Legal & Clear: Each unit is separately metered for gas, water and electric. Zoning is fully compliant. Mechanical Summary: 1st Floor: Furnace (2010) | A/C (2001) 2nd Floor: Furnace (2012) | A/C (1999) Stove & Hood (2018) Well-maintained mechanicals. No deferred systems. Market Rent Potential: 4,400-4,800/month. G Income: 52,800-57,600/year. Est. Expenses (incl. water laundry):12,480. N Income:40,320-45,120. ROI: 8.3-9.3| Cap Rate: Up to 11.8. STR-permissible (verify with city). Zoned for appreciation. No tenancy to unwind. No unfinished work. Legal duplex with clean separation. This is not a distressed property. It's a concluded thread - now repositioned. Phone, text, and email inquiries are reviewed and returned within 24 hours.
Location
State IL
County Kane
Community Park, Curbs, Sidewalks, Street Lights, Street Paved
Rooms
Basement Unfinished, Exterior Entry, Full
Interior
Heating Natural Gas, Electric
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Building
Sewer Public Sewer
Water Public
Structure Type Aluminum Siding
New Construction false
Schools
Elementary Schools Williamsburg Elementary School
Middle Schools Geneva Middle School
High Schools Geneva Community High School
School District 304, 304, 304
Others
Ownership Fee Simple
Special Listing Condition None
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Diane Righeimer • Charles Rutenberg Realty of IL