401 East Van Buren Street
$425,000
8
4
3,695
3,695
$115
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!
- Listed by Elizabeth Metcalf • Willow Real Estate, Inc
Property Details for 401 East Van Buren Street
Area
Malta
TownshipMalta
OwnershipFee Simple
Num Of Garage Spaces2.0
Num Of Parking Spaces6.0
Parking Included in PriceYes
Heat/FuelNatural Gas
LISTING UPDATED: 11/12/2024 12:07 AM
Property Details for 401 East Van Buren Street
Status | Active |
---|---|
MLS # | 12198583 |
Days on Market | 11 |
Taxes | $5,786 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 3 Story Unit/S |
Year Built | - |
Lot Size | 0.37 AC / 16,117 SF |
County | DeKalb 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
Property History for 401 East Van Buren Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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