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27 N 2nd Street,  Geneva IL, 60134

(Active)
$839,990
|
4,522 sqft
|
MLS# 11780506
Last Updated: 5/15/2024 5:55 PM
Description for 27 N 2nd Street Geneva, IL 60134
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
$839,990
Kane
4,522 (approx)
11780506
Active
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.
Listing Information
Property Type: Mixed Use, Business Opportunities, 2 Story
0.12 Acres 4,522 (approx) 1867
2 Cedar Commercial
Geneva//
Concrete Perimeter, Stone
5 Total
Commercial
Neighborhood
Room Information
Interior Features
Wood, Varies
Central Air
1
Exterior / Lot Features
Cedar
Composition, Rubber
79 X 69
COMMR
Driving Directions
State St. (Rte. 38) W of Fox River to 2nd St., N to building, SE corner of N. 2nd St. and Hamilton St.
Financial Considerations
1203430001
$16,000
Listing Price History

Geneva Real Estate

Geneva is located in Illinois. Geneva, Illinois 60134 has a population of 21,911.

The median household income in Geneva, Illinois 60134 is $124,761. The median household income for the surrounding county is $82,067 compared to the national median of $66,222. The median age of people living in Geneva 60134 is 38 years.

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Courtesy: Coleman Land Company
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 5/15/2024. 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.

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This content last refreshed on 5/15/2024 5:55 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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