Historic House Converted To 3-Flat, Plus Optional Lot

1222 W State Street Geneva, IL 60134

1222 W State Street, Geneva, IL, 60134
1222 W State Street, Geneva, IL, 60134
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$570,000
Last Verified:
Mar 05, 2021

Highlights

  • Historic 3-story, 1906 building
  • Currently a 3-unit multi-family investment
  • Main building plus 4-car garage on 1.1 acres
  • Optional 0.6 acre buildable single family lot

Description

Rare opportunity to own one of Geneva’s most unique historic properties, located just west of downtown. Originally a single-family home, this vintage 3-story, 5,500+ sf, 1906 building has for many years been a three-unit multi-family investment property. A virtual video tour is available. The main building, plus 4-car detached garage, currently sits on a 1.7 acre lot with mature trees that screen it from State St.

The asking price of $570,000 is for the buildings on 1.1 acres. The optional 0.6 acre lot east of the house is priced at $230,000, for a combined price of $800,000.

The current R1 zoning would allow for the structure to be converted back to a single-family residence or remain a three-flat. In addition, the zoning would also allow for a single-family home to be built on the optional lot.
Current rents total $4,500/mo. Leases are short-term. 2019 taxes were $14,851.

The individual apartments feature:
Main floor – Features hardwood floors and dramatic vintage woodwork. Two bedrooms, combined living & dining rooms with fireplace, 2 baths, kitchen with eating area, laundry room, large wrap-around screened porch.
2nd floor – Three bedrooms, living room with sitting area with large bay windows, 2 baths, kitchen with eating area, laundry room, and outdoor deck.
3nd floor – Two bedrooms, living room, dining area, kitchen, and 1 bath.

In Geneva IL, an upscale, far western suburb of Chicago. On State St (IL Rt 38), just west Kaneville Rd near downtown Geneva, one of the principal retail and restaurant destinations in the region. 0.6 miles to Third St shopping district, 1 mile to Metra commuter station, and 1.6 miles to Randall Rd.


Year Built: 1906
Building Size: 5500sq ft
Lot Size: 1.0 acres


Map of 1222 W State Street, Geneva, IL, 60134

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