ClosedPrice Reduced

$295,000

$399,000
401 Van Buren Street, Malta, IL 60150
8 Beds4 Baths0 sqft320 days
401 Van Buren Street·Malta, IL 60150
8Bedrooms
4Bathrooms
0Sq Ft
About This Home

IMAGINE OWNING A HOME WHERE YOUR RENTAL INCOME COVERS YOUR MORTGAGE! This unique single family nonconforming home with 2 rental units 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 (2024), 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!

MLS# 12255869Listed December 13, 2024Residential
Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms4
Full Baths4
Half Baths0
Total Rooms12

Size & Structure

Living Area0 sqft
Garage Spaces2
Lot Size99X165

Location

CountyDeKalb
TownshipMalta
Zip Code60150

Financial

List Price$295,000
Original Price$399,000
Annual Taxes (2023)$5,786
Monthly Tax Est.$482
Parcel #0723131001
Interior Features

Appliances

RangeMicrowavePortable DishwasherRefrigeratorWasherDryerDisposal

Heating

Natural Gas

Cooling

Central Air

Basement

UnfinishedFull

Laundry

In Unit
Exterior & Lot

Construction

Other

Roof

Asphalt

Lot Features

Corner Lot
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

GravelGarage Door OpenerYesGarage OwnedAttachedDrivewayOwnedGarage
Schools
Elementary
Malta Elementary School
District: 428
Tax & Financial
Annual Taxes
$5,786
Tax Year 2023
Monthly Tax Est.
$482
per month
Price Reduced by $104,000
Original list price: $399,000
Property Location

401 Van Buren Street, Malta, IL 60150 — DeKalb County

$295,000
401 Van Buren Street
8 bd4 ba0 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
320 days on market
2-car garage
99X165
$5,786/yr taxes
Price reduced $104,000
$2,033
estimated monthly payment
Principal & Interest
$1,550/mo
Property Tax
$482/mo
$295,000
20% — $59,000
3%50%
6.875%
3%12%
Loan Amount
$236,000
Down Payment
$59,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Willow Real Estate, Inc
Agent: Elizabeth Metcalf
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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