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John Greene Realtor

[email protected] +1(630) 820-6500

$ 484,900

Est. payment -/mo

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527 Peyton ST Geneva, IL 60134

5 Beds

2 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12330317

Bedrooms 5

Year Built 1924

Annual Tax Amount $8,923

Tax Year 2023

Lot Dimensions 60 X 150

Property Sub-Type Two to Four Units

Property Description

Historic District Legal Duplex | Fully Vacant | Positioned on a quiet corner in Geneva's designated historic district, this legal duplex has fully exited legacy ownership and stands now as a clean, vacant, income-ready asset. Just blocks from Metra, 3rd Street dining, downtown shops, and parks. This duplex has location stability, dual-unit functionality, and long-term value positioning in one of the city's most consistent zip codes. Turnkey Upper Unit (3 Bed): Private entry, freshly painted, new carpet, new flooring, and a fully updated bath - move-in ready. Turnkey Lower Unit (2 Bed): Private entry with porch, freshly painted, updated bath, clean layout, and historic charm. Each unit has its own entrance; two driveways and a two car garage. Shared basement laundry (washer/dryer included). Utility Structure - Legal & Clear: Each unit is separately metered for gas, water and electric. Zoning is fully compliant. Mechanical Summary: 1st Floor: Furnace (2010) | A/C (2001) 2nd Floor: Furnace (2012) | A/C (1999) Stove & Hood (2018) Well-maintained mechanicals. No deferred systems. Market Rent Potential: 4,400-4,800/month. G Income: 52,800-57,600/year. Est. Expenses (incl. water laundry):12,480. N Income:40,320-45,120. ROI: 8.3-9.3| Cap Rate: Up to 11.8. STR-permissible (verify with city). Zoned for appreciation. No tenancy to unwind. No unfinished work. Legal duplex with clean separation. This is not a distressed property. It's a concluded thread - now repositioned. Phone, text, and email inquiries are reviewed and returned within 24 hours.

Location

State IL

County Kane

Area Geneva

Rooms

Basement Unfinished, Exterior Entry, Full

Interior

Heating Natural Gas, Electric

Fireplace N

Exterior

Garage Spaces 2.0

Community Features Park, Curbs, Sidewalks, Street Lights, Street Paved

Building

Dwelling Type Two to Four Units

Sewer Public Sewer

Water Public

New Construction false

Schools

Elementary Schools Williamsburg Elementary School

Middle Schools Geneva Middle School

High Schools Geneva Community High School

School District 304 , 304, 304

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Diane Righeimer • Charles Rutenberg Realty of IL