REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 185,000
Est. payment | /mo
$ 185,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12755620
Year Built 1900
Annual Tax Amount $3,954
Tax Year 2025
Lot Dimensions 44.3X102.5X32.6X109
Property Sub-Type Mixed Use
Property Description
Unique Investment Opportunity! Don't pass up the chance to snag a mixed-use rental property that cash flows, in the heart of downtown Genoa! This property is currently under construction and is being completely rehabbed. Take advantage of a LOW RENT MULTIPLIER while still under construction. Once rehab is complete, the price will increase. The one bedroom apartment on the second floor has a current lease through April 30, 2027. The commercial space on the first floor has a one-year lease, beginning on 10/1/26. Tenant will be opening a book store. Parking lot for the building is in the rear. You may tour the first floor space with short notice, but 24 hour notice preferred to view the apartment on the second floor. Being sold AS IS. *There are currently no pictures of the commercial space on the first floor, as it is under construction, but showings are welcome! Pictures will be updated as work is completed.
Location
State IL
County Dekalb
Area Genoa
Zoning COMMR
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Mixed Use
Structure Type Wood
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Karen Townsend of Suburban Life Realty
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Sarah Leonard
Broker | Owner