401 E Van Buren Street
Malta, IL 60150
- 8 beds
- 4 baths
- 3,695 sqft
- 16,335 sqft lot
- $107 per sqft
- – on site
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!
Last checked:
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Checking…
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Last updated Dec 19, 2024
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MLS# 12255869 —
The Building
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Rebuilt:No
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New Construction:false
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Roof:Asphalt
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Basement:Full
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Disability Access:No
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Other Equipment:Water-Softener Owned, Sump Pump, Generator, Multiple Water Heaters
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Living Area Source:Estimated
Interior
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Rooms Total:12
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Room Type:Bedroom 5, Bonus Room, Bedroom 6, Bedroom 7, Bedroom 8
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Interior Features:In-Law Arrangement
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Laundry Features:In Unit
Room Dimensions
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Living Area:3695
Location
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Directions:From Rt 38, South on Fourth St, East on Van Buren Street
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Location:93571
The Property
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Parcel Number:0723131001
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Property Type:Residential
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Location:A
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Lot Features:Corner Lot, Fenced Yard
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Lot Size Dimensions:99X165
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Lot Size Source:County Records
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (800) 895-3955
- Office phone:
- (800) 895-3955
Taxes
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Tax Year:2023
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Tax Annual Amount:5786
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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Virtual Tour Unbranded:
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Special Listing Conditions:None
Heating & Cooling
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Heating:Natural Gas
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Cooling:Central Air
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Range, Microwave, Portable Dishwasher, Refrigerator, Washer, Dryer, Disposal
Schools
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Elementary School:Malta Elementary School
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Elementary School District:428
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Middle Or Junior School District:428
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High School District:428
The Community
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Association Fee Includes:None
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Association Fee Frequency:Not Applicable
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Master Assoc Fee Frequency:Not Required
Parking
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Parking Total:6
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Parking Features:Driveway
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Parking Onsite:Yes
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Parking Ownership:Owned
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Garage Type:Attached
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Garage Spaces:2
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Garage Onsite:Yes
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Garage Ownership:Owned
Extra Units
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Other Structures:Shed(s)
Monthly cost estimate
Asking price
$399,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,136
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| Taxes | $482 |
| Insurance | $109 |
| Utilities | N/A |
| Total | $2,727/mo.* |
| *This is an estimate |
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).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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12/13/24
Dec 13, 2024
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Listed / Active | MRED | $399,000 | |
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11/26/24
Nov 26, 2024
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Price Changed | MRED | ||
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11/6/24
Nov 6, 2024
|
Listed / Active | MRED |
