200 Chicago Street, Magnolia, Illinois 61336
$161,000
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Sold
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| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | — |
| Property Taxes: | $839 |
| Days On Market: | 901 |
| Lot Size: | 0,00 |
Description
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".
Property Specifics
| Multi-unit | |
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| No | |
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| Putnam | |
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| 11793439 | |
| 0400035320 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 10 Nov, 2023 | Sold | $161,000 | MRED MLS |
| 13 Sep, 2023 | Under contract | $160,000 | MRED MLS |
| 26 May, 2023 | Listed for sale | $160,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
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Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: Unfinished
Other Specifics
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| 60'X180' | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2023 | $839 |
Contact Agent
Contact Agent
Listing Provided By
HomeSmart Realty Group
