715 E State Street

Geneva, IL
$ 650,000 Beds 0 Baths 0 Sq 13,864
Monthly Estimate* How much can I afford?

Fully leased multi-tenant mixed use property for sale downtown Geneva. Join national retailers like CVS and Aldi. Versatile retail/office space on the first floor is easily adapted to one, two, three or four tenant use. Currently the first floor is rented as three units. The building is comprised of a 4000 sf retail unit in the back, approximately 5000 sf of retail in the front with 4 easy to rent residential apartments upstairs. The space in the building is very versatile. Originally it was a single use building (Soukup Appliance). The building was divided into several units to make it easy to lease. It can easily be opened up for a single tenant/user. As an investment property the building provides an excellent return of over 11% at the list price. For an owner user the apartment rent alone can cover most of a mortgage with 20% down! There is a possibility of a TIF incentive from the city. The rear unit features an overhead door. Additional access to/from Eastside Drive via easement behind CVS. Municipal parking lot behind the building could unlock potential added value. This one generates tons of cash (almost a 10.5 cap at list)! Call for a confidential rent roll.

Contingent

  • Price
  • $ 650,000
  • Lot Size
  • Bedrooms
  • 0
  • Sqr Footage
  • 13,864
  • Full Bathrooms
  • 0
  • Year Built
  • 1950
  • Half Bathrooms
  • 0
  • City, Zip
  • Geneva
  • Taxes
  • 15749
  • County
  • KANE
  • Style
  • Area
  • Geneva
  • MLS#
  • 10801229
  • Zip
  • 60134
Listing Provided by: Coldwell Banker Real Estate Group - Geneva

Features

General

Contingency Attorney/Inspection
Property SubType Apts/Stores
Property Type Commercial Sale
Property Type Mixed Use
Standard Status Active Under Contract

Exterior Features

Building Area Total 13864
Lot Dimensions 92X251X84X289

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Naperville, IL office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/31/2020 Listed $650,000

Property vs Zip Code Average in 60134

Price
AVG $420K
$650K
Taxes
AVG $10,322
$15,749
Visits
AVG 85
89
Year Built
AVG 1986
1950
Walkscore
AVG 35
71
Data Provided by Walkscore ® not using MLS data

Map

715 E State Street Geneva, IL is a Single Family Home for sale at $650000 with 13864 sqft and a lot size of Acre(s). 715 E State Street Geneva has 0 bedrooms, 0 baths and was built in 1950. The property's zip code is 60134 which is in Geneva, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.