Geneseo, IL 61254
$315,000
Mark Quesada
Broker / Owner
LIC #475144827
Prime turn-key investment opportunity in the heart of Geneseo! This fully occupied 4-unit residential property offers instant, steady cash flow from day one for both seasoned investors and those looking to expand their portfolio. Unbeatably situated on the corner of West North Street and Center Street, the property sits directly across from the park and is just a short walk to historic downtown Geneseo's vibrant local shops, dining, and community events. Each of the four clean, low-maintenance units features a comfortable one-bedroom, one-bathroom layout with a strong history of consistent occupancy. Tenant appeal is further enhanced by an on-site basement laundry facility, individual unit thermostat controls, and a detached three-car garage that provides convenient off-street parking alongside potential extra monthly rental revenue. What truly sets this property apart is its commercial zoning, opening up unique possibilities to convert the building into a lucrative Airbnb, or charming bed and breakfast in a prime tourist-friendly location. Combining an unbeatable central setting, high versatility, strong rental history, and low turnover, 119 W North St is a standout multi-family asset built for long-term growth
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$2,367/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
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Listed by Ashley Block, Ruhl&Ruhl REALTORS DeWitt
MLS# MRD12712481 · Active
History reflects records reported to the MLS and may be incomplete.