200 N Chicago Street
Magnolia, IL 61336
- 8 beds
- 4 baths
- – sqft
- 10,800 sqft lot
- – on site
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Unique investor opportunity! This historic Masonic Lodge has been converted into a 4-unit, multifamily property. Each unit features updated 2 bedrooms and 1 bathroom, with utilities separated for each unit. Upstairs two units are currently operating as long-term rentals, with tenants on 12-month leases. Downstairs two units are offered as short-term rentals, fully furnished. They operate very successfully, often rented for 3 months at a time. The lack of alternative short-term lodging in the area makes these a desired housing choice, especially for utility and agricultural professionals working in the area. These lower units could easily be converted to traditional long-term rental units and find similar success. Coin-operated laundry is also made available onsite, through an additional provider. Magnolia, Illinois, offers a peaceful and welcoming community. It provides a small-town charm, while just a short drive to the city conveniences of Spring Valley, Peru, Streator, Wenona, and Henry. Don't miss out on this rare chance to own a multi-purpose investment property in Magnolia. Property being sold "as is".
Last checked:
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Last updated Oct 16, 2024
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MLS# 11793439 —
The Building
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Rebuilt:No
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New Construction:false
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Roof:Metal
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Basement:Full
Interior
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Rooms Total:20
Location
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Directions:From IL-18 turn south onto N Chicago St. In .25 miles located on west side of street.
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Location:26473
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Location:74601
The Property
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Parcel Number:0400035320
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Property Type:Residential Income
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Lot Size Dimensions:60'X180'
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Lot Size Source:County Records
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (815) 252-3113
- Office phone:
- (630) 578-0002
Taxes
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Tax Year:2022
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Tax Annual Amount:839.12
Beds
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Bedrooms Total:8
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Bedrooms Possible:8
Baths
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Baths:4
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Full Baths:4
The Listing
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Short Sale:Not Applicable
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Special Listing Conditions:None
Heating & Cooling
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Heating:Natural Gas
Utilities
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Sewer:Septic-Private
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Water Source:Public
Schools
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Elementary School District:535
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Middle Or Junior School District:535
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High School District:535
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/10/23
Nov 10, 2023
|
Sold | MRED | $161,000 | 0.6% |
|
9/5/23
Sep 5, 2023
|
Sold Subject To Contingencies | MRED | $160,000 | |
|
8/26/23
Aug 26, 2023
|
Listed / Active | MRED | $160,000 |
