Homes for sale - 401 E Van Buren ST, Malta, IL 60150

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Ali Arciniega

aarciniega@chicagorea.com +1(773) 683-1249

$ 359,000

Est. payment | -/mo

8 Beds

4 Baths

3,695 SqFt

Save

$ 359,000

Est. payment | -/mo

Save

8 Beds

4 Baths

3,695 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached Single

Listing Status Active

Purchase Type For Sale

Square Footage 3,695 sqft

Price per Sqft $97

MLS Listing ID 12255869

Bedrooms 8

Full Baths 4

Annual Tax Amount $5,786

Tax Year 2023

Lot Dimensions 99X165

Property Sub-Type Detached Single

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!

Location

State IL

County Dekalb

Area Malta

Rooms

Basement Unfinished, Full

Interior

Interior Features In-Law Floorplan

Heating Natural Gas

Cooling Central Air

Equipment Water-Softener Owned, Sump Pump, Generator, Multiple Water Heaters

Fireplace N

Appliance Range, Microwave, Portable Dishwasher, Refrigerator, Washer, Dryer, Disposal

Laundry In Unit

Exterior

Garage Spaces 2.0

Roof Type Asphalt

Building

Lot Description Corner Lot

Dwelling Type Detached Single

Building Description Other, No

Sewer Public Sewer

Water Public

Structure Type Other

New Construction false

Schools

Elementary Schools Malta Elementary School

School District 428 , 428, 428

Others

HOA Fee Include None

Ownership Fee Simple

Special Listing Condition None

Listed by Elizabeth Metcalf • Willow Real Estate, Inc

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(773) 683-1249

aarciniega@chicagorea.com

1941 N Elston Ave, Chicago, IL, 60642, USA

401 E Van Buren ST Malta, IL 60150