1. Illinois
  2. Malta
  3. 401 E Van Buren Street
$329,000

401 E Van Buren Street, Malta, IL 60150

  • 8 beds |
  • 4 baths |
  • 3,695 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $89/sqft
  • Property List Date Icon Listed 7 months ago

Property Description

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!

Listing Status:
Active
Listing Office:
Willow Real Estate, Inc : 800-895-3955
Listing Agent:
Elizabeth Metcalf : 815-757-4073
MLS ID:
12255869
  • General: In-Law Floorplan
  • Rooms: Bedroom 5Bonus RoomBedroom 6Bedroom 7Bedroom 8
  • Appliances: RangeMicrowavePortable DishwasherRefrigeratorWasherDryerDisposal
  • Dining: Kitchen/Dining Combo
  • Laundry: In Unit
  • Basement: UnfinishedFull
  • A/C: Central Air
  • Heating: Natural Gas
  • Disability Feature: None

This listing courtesy of Elizabeth Metcalf, Willow Real Estate, Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Malta Elementary School

5068 Il Route 38, Malta, IL, 60150

Grades KG-5

0.71 miles away

H

Huntley Middle School

1515 S 4th St, Dekalb, IL, 60115

Grades 6-8

5.69 miles away

D

DeKalb High School

501 W Dresser Rd, Dekalb, IL, 60115

Grades 9-12

5.39 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.