Address
27 N 2nd Street, Geneva, IL
Price
$ 839,990
Property Attributes
- MLS#11780506
- TypeCommercial
- CountyKANE
- CityGeneva
- AreaGeneva
- Zip60134
- StyleCommercial
- Year Built1867
- Taxes$ 16000
- Price$ 839,990
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4522
- Lot Size5,451 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description
This historic building in downtown Geneva is now available for its next owner! Once a Civil War era home, the property now showcases original woodwork, moldings, and natural wood floors, and the quaint structure has been well-preserved and maintained. The property boasts high ceilings and full basements, all adding to its charm and functionality. There are five rental units in total: 3 commercial units on the first floor and 2 apartments on the second. Two wings have been added over the years, creating additional/expanded spaces for the commercial tenants. Each wing has its own basement and 1/2 bath, providing convenience and flexibility for the tenants. The property's rental units are fully leased, ensuring a steady cash flow from the day of closing. The units include two second floor apartments that share a newer outside wood deck, which is great for summers, and the first floor is tenanted by a salon, an office space, and a very popular smoothie shop, all catering to a diverse range of businesses enjoying lots of downtown foot traffic. There is also plenty of diagonal street parking along N Second Street as well as a municipal parking lot across the street. The building's location is steadily expanding with significant capital investments being made by many property owners. Jump on the band wagon now and appreciate the benefits of commercial income-producing real estate in a fast-growing Fox River Valley Community. Further details and financial information can be found in the "Additional Information" section.
| Price History | |
|---|---|
| 5/11/2023 | Listed $975,000 |
| 7/10/2023 | 9% - $895,000 |
| 9/18/2023 | 3% - $875,000 |
| 11/17/2023 | 3% - $850,000 |
| 3/6/2024 | 2% - $839,990 |
General Features
| Cooling | Central Air |
|---|---|
| Roof | Composition,Rubber |
| Zoning | COMMR |
| Construction Materials | Wood Frame |
| Year Built | 1867 |
| Electric | Circuit Breakers,Fuses |
| Tenant Pays | Electricity,Heat,Scavenger,Sewer,Varies by Tenant |
| Stories | 2 |
| Township | Geneva |
| Property SubType | Apts/Stores |
| Tax Year | 2022 |
| Current Use | Commercial |
| Gross Income | 91800 |
| County | Kane |
| Net Operating Income | 53100 |
| Operating Expense | 35400 |
| Insurance Expense | 3000 |
| Property Type | Commercial Sale |
| Possible Use | Commercial,Office and Research |
| Status | Active |
| Directions | State St. (Rte. 38) W of Fox River to 2nd St.,N to building,SE corner of N. 2nd St. and Hamilton St. |
| City | Geneva |
| Total Units | 5 |
| MLS Area | Geneva |
| Lot Size Square Feet | 5451 |
| Street Name | 2nd |
| Tax Annual Amount | 16000 |
| Additional Parcels Y/N | No |
| Days on Market | 312 |
| Lease Type | Modified Gross |
| Standard Status | Active |
| Property Type | Mixed Use |
Interior Features
| Flooring | Varies,Wood |
|---|---|
| Total Fireplaces | 1 |
| Street Suffix | Street |
Exterior Features
| Foundation Details | Concrete Perimeter,Stone |
|---|---|
| Building Area Total | 4522 |
| Lot Dimensions | 79 X 69 |
| Frontage Type | City Street |
| Exterior | Cedar |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 60134
Price
Taxes
Visits
Year Built
Walkscore
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome Select Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.Based on information submitted to the MLS GRID as of April 27, 2024 10:39 PM UTC 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.
Data is updated as of April 27, 2024 10:39 PM UTC
