Active

27 N 2nd Street

Geneva IL, 60134

$839,990


$185.76 per sqft

Active

4,522 sqft

Commercial

Built in 1867

Courtesy of Coleman Land Company

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.

11780506

MLS ID

May 10, 2023

Listed

March 28, 2024

Updated

Map

27 N 2nd Street
Geneva IL, 60134

Interior Features

Total Stories

2


Floor Description

Varies, Wood


Fireplace

Yes


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.13 Acres


Roof

Composition, Rubber

Other Property Details

Area Name

Geneva


Taxes

$16,000


Tax Frequency

Annually


Days on Market

312


Garage

No


View

No


County

Kane


Municipality

Geneva


Pool

No


Zoning

COMMR


Buyer Agency Compensation

2.5% -$500

Listing History

Date

Event

Price

3/6/2024

Price Change

$839,990

-2%

Courtesy of Coleman Land Company, James Coleman,
Listing Contact: 630-610-9221 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than The Kohler Group & The Jarnagin Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 3/28/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED 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. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 4:25 AM UTC, 3/28/2024

 

 

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