401 East Van Buren Street, Malta, IL

$295,000

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8

Beds

4

Baths

3,695

Square feet

About 401 East Van Buren Street

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!

Features of 401 East Van Buren Street

MLS® # 12255869
Price $295,000
Bedrooms 8
Bathrooms 4.00
Full Baths 4
Square Footage 3,695
Acres 0.00
Type Residential
Sub-Type Detached Single
Status Re-activated

Community Information

Address 401 East Van Buren Street
Area Malta
City Malta
County DeKalb
State IL
Zip Code 60150

Amenities

Parking Spaces 6
Parking Gravel, Garage Door Opener, On Site, Garage Owned, Attached, Driveway, Owned, Garage
# of Garages 2
Is Waterfront No
Has Pool No

Interior

Interior Features In-Law Floorplan
Appliances Range, Microwave, Portable Dishwasher, Refrigerator, Washer, Dryer, Disposal
Heating Natural Gas
Cooling Central Air
Fireplace No
Stories 2 Stories
Has Basement Yes
Basement Unfinished, Full

Exterior

Exterior Other
Lot Description Corner Lot
Roof Asphalt

School Information

District 428
Elementary Malta Elementary School

Additional Information

Days on Market 304
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees Freq. Not Applicable

Listing Details

OfficeWillow Real Estate, Inc
Contact Info800-895-3955

Listing Map

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