Closed

$161,000

Favorite

beds

baths

200 N Chicago Street

Magnolia, Illinois 61336

Closed / MLS #11793439 / Multiple Unit (2-4) / Magnolia

Listing information updated 11/10/2023 at 3:23pm

Unique investor opportunity! This historic Masonic Lodge has been converted into a 4-unit, multifamily property. Each unit features updated 2 bedrooms and 1 bathroom, with utilities separated for each unit. Upstairs two units are currently operating as long-term rentals, with tenants on 12-month leases. Downstairs two units are offered as short-term rentals, fully furnished. They operate very successfully, often rented for 3 months at a time. The lack of alternative short-term lodging in the area makes these a desired housing choice, especially for utility and agricultural professionals working in the area. These lower units could easily be converted to traditional long-term rental units and find similar success. Coin-operated laundry is also made available onsite, through an additional provider. Magnolia, Illinois, offers a peaceful and welcoming community. It provides a small-town charm, while just a short drive to the city conveniences of Spring Valley, Peru, Streator, Wenona, and Henry. Don't miss out on this rare chance to own a multi-purpose investment property in Magnolia. Property being sold "as is".

Full Features

Exterior Type:

Vinyl Siding

Basement:

Unfinished

Beds Above Grade:

Heating System:

Natural Gas

Pool:

Age:

Unknown

Roof Type:

Metal

Parking Type:

None

Room Count:

Water Front:

Square Feet:

N/A

Lot Size:

Less Than .25 Acre

Taxes & Assessments

Tax Amount:

$839

Tax Year:

2022

Location

Zip Code:

61336

City:

Magnolia

County:

Putnam

Schools

School District(s):

535

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: HomeSmart Realty Group

Listing Office Phone: 630.578.0002

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/10/2023 at 3:23pm. 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.