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200 N Chicago Street, Magnolia, IL 61336
$161,000
200 N Chicago Street, Magnolia, IL 61336View this property at 200 N Chicago Street, Magnolia, IL 61336
200 N Chicago StreetMagnoliaIL61336
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Property 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".
Full Property Details
Full Property Details for 200 N Chicago St
General
- Sold For: $161,000
- Taxes: $839 (2022)
- Status: Closed
- Type: Multi-Family
- MLS ID: 11793439
- Added to Site: 340 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Parking
- Parking Type: None
Location
- Area: Magnolia
- County: Putnam
- Driving Directions: From IL-18 turn south onto N Chicago St. In .25 miles located on west side of street.
School Information
- School District: 535
- Midd School District: 535
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Public
Structural Information
- Exterior Const.: Vinyl Siding
- Basement Desc.: Full
- Roof: Metal
- Built Before 1978: Yes
- Remodeled/Updated: 2021
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 60' x 180'
Financial Considerations
- Tax Amount: $839.12
- Tax Year: 2022
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 400035320
Listed by HomeSmart Realty Group
Sold by Coldwell Banker Real Estate Group
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Schools
Schools serving 200 N Chicago St
School District:Putnam County Community Unit School District 535
Rating | Name | Grades | Distance |
---|---|---|---|
326 S 5th St, Hennepin, IL 61327 | 3-5 | 12.2 mi | |
13183 N 350th Ave, Mc Nabb, IL 61335 | 6-8 | 3 mi | |
402 E Silverspoon Ave, Granville, IL 61326 | 9-12 | 10.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 200 N Chicago St
Date
Details
Price
Change
Source
11/10/2023
Sold
$161,000
0.62%
MLS
5/26/2023
Listed
$160,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
200 N Chicago Street, Magnolia, IL 61336 (MLS# 11793439) is a Multi-Family property that was sold at $161,000 on November 10, 2023. Want to learn more about 200 N Chicago Street? Do you have questions about finding other Multi-Family real estate for sale in Magnolia? You can browse all Magnolia real estate or contact a Coldwell Banker agent to request more information.