401 East Van Buren Street

Malta, IL 60150

$425,000
Price
8
Beds
4
Baths
3,695 Sq. Ft.
$115 / Sq. Ft.
3,695
Sq. Ft.
$115
per Sq. Ft.

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...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!
  1. Listed by Elizabeth Metcalf • Willow Real Estate, Inc

Property Details for 401 East Van Buren Street

Area
Malta
Township
Malta
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
6.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas
LISTING UPDATED: 11/12/2024 12:07 AM

Property Details for 401 East Van Buren Street

StatusActive
MLS #12198583
Days on Market11
Taxes$5,786 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Story Unit/S
Year Built-
Lot Size0.37 AC / 16,117 SF
CountyDeKalb County

Building Information for 401 East Van Buren Street

Stories-Residences3Year Built-Building Size-Lot Size0.37 AC / 16,117 SF

Property Information for 401 East Van Buren Street

General Information
School Information
  • Elementary School District: 428
  • Elementary School: Malta Elementary School
  • Jr High Middle School: Huntley Middle School
  • High School District: 428
  • High School: De Kalb High School
  • Middle Or Junior School District: 428
Addtl Parking Information
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage, Space/s
  • Parking Details: Driveway
  • Parking On Site: true
  • Parking Ownership: Owned
Property Information
Interior Features
  • Num Of Rooms: 15
  • Bedrooms (Below Grade): 0
  • Community Features: Street Paved
  • Basement Type: Full
  • Bedrooms Possible: 8
  • Basement Description: Unfinished
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Water: Public
  • Other Equipment: Water-Softener Owned, CO Detectors, Sump Pump, Generator, Multiple Water Heaters
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: Unknown
  • Lot Description: Corner Lot, Fenced Yard
  • Lot Size: .25-.49 Acre
  • Lot Dimensions: 99X165
  • Total # Units in Building: 3.0
  • Other Structures: Shed(s)
  • Waterfront: No
  • Exterior Building Type: Other
  • Roof Type: Asphalt
  • General Information: None
  • Lot Size Source: County Records
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 2
  • Document Date: 2024-11-01T18:41:49
  • Photos Count: 35
  • OpenHouse Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 5
  • Unit Type Type: Unit 1
  • Lease Expiration Date: N/A
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: N/A
Unit 3
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: N/A

Property History for 401 East Van Buren Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 401 East Van Buren Street

Taxable ValueLand$11,796Additions$52,086Total$63,882
Tax Record2023$5,786 ($482 / month)
Home Facts
Beds0Lot Size16,335 SqFtStyleSingle Family ResidenceCountyDEKALBAPN07-23-131-001

Schools near 401 East Van Buren Street

This home is within Dekalb Community Unit School District 428.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Malta Elementary School
PublicK to 5

Huntley Middle School
Public6 to 8

De Kalb High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

401 East Van Buren Street is a multi-family home for sale in Malta, IL 60150. This property was listed for sale on November 6, 2024 by Willow Real Estate, Inc, it's currently listed at $425,000. This listing's school district is Dekalb Community Unit School District 428. Nearby schools include Malta Elementary School, Huntley Middle School and De Kalb High School. 401 East Van Buren Street is a 8-bed, 4-bath, 3,695 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Willow Real Estate, Inc

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/12/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.