27 North 2nd Street

Geneva, IL 60134

$839,990
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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.
  1. Listed by James Coleman • Coleman Land Company

Property Details for 27 North 2nd Street

Area
Geneva
Township
Geneva
Num of Interior Fireplaces
1
Zoning
COMMR

Location

Listing Courtesy of Coleman Land Company
Add your commute
LISTING UPDATED: 03/16/2024 09:21 AM

Property Details for 27 North 2nd Street

StatusActive
MLS #11780506
Days on Market408
Taxes$16,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1867
Lot Size0.13 AC / 5,451 SF
CountyKane County

Location

Listing Courtesy of Coleman Land Company
Add your commute

Building Information for 27 North 2nd Street

Stories-Residences5Year Built1867Lot Size0.13 AC / 5,451 SF

Payment Calculator

$5,918 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,584

Property Taxes

$1,333

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 27 North 2nd Street

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Far West
  • Information: Other-See Remarks
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers, Fuses
  • Flooring: Varies, Wood
  • # Of Washers: 1
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 2
  • Washer/Dryer Lsd: No
  • Misc Inside: Basement
  • # Of Dryers: 1
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
Property/Lot Information
  • Tenant Pays: Electricity, Heat, Scavenger, Sewer, Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 79 X 69
  • Lot Size Square Feet: 5451.0
  • Stories: 2
  • Exterior Building Type: Cedar
  • Construction: Wood Frame
  • Roof Type: Composition, Rubber
  • Fire Protection: Alarm Monitored,Fire Extinguisher/s
  • Foundation Details: Concrete Perimeter, Stone
  • Building Area Total: 4522
  • # Of Offices: 3
  • # Of Ranges: 2
  • # Of Stores: 2
  • Property Sub Type: Apts/Stores
Property and Assessments
  • Possible Use: Commercial, Office and Research
  • Public Document Count: 5
  • Document Date: 2023-05-24T01:54:40
  • Photos Count: 5
Miscellaneous
  • Current Use: Commercial
  • Location: Central Business District,Corner
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $91,800.00
  • Gross Scheduled Income: $91,800.00
  • Insurance Expense: $3,000.00
  • Expense Year: 2022
  • Total Annual Expense Source: Owner Projection
  • Net Operating Income Year: 2022
  • Other Expense Source: Owner Projection
  • Total Monthly Income: 7650
  • Net Operating Income: $53,100.00
  • Operating Expense: $35,400.00
  • Other Expense: $8,900.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 27 North 2nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 27 North 2nd Street

Taxable ValueLand$31,248Additions$150,407Total$181,655
Tax Record2022$15,786 ($1,316 / month)
Home Facts
Total Finished SqFt3,651 SqFtAbove Grade Finished SqFt3,651 SqFtStories1Lot Size5,400 SqFtStyleMiscellaneous CommercialYear Built1867CountyKANEAPN12-03-430-001

Schools near 27 North 2nd Street

This home is within Geneva Community Unit School District 304.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Williamsburg Elementary School
PublicK to 5

Geneva Middle School North
Public6 to 8

Geneva Community High School
Public9 to 12

Geneva Middle School South
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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27 North 2nd Street is a mixed use property for sale in Geneva, IL 60134. This property was listed for sale on May 10, 2023 by Coleman Land Company, it's currently listed at $839,990. It has been on the market for a total of 408 days and was last sold on December 19, 2018. This listing's school district is Geneva Community Unit School District 304. Nearby schools include Williamsburg Elementary School, Geneva Middle School North and Geneva Community High School. 27 North 2nd Street is a 0-bed, 0-bath, mixed use property built in 1867.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coleman Land Company

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 03/16/2024 09:21 AM. 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.