Kevin Dolan
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
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.
Property Highlights
Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1900
General Information
County: DeKalb
Listed By:
Suburban Life Realty
847-363-0990
MRED MLS
MLS ID: 12755620
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101 W Main Street, Genoa, IL 60135.
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563-441-1862
toll free 866-441-1862
Customize Your Rate
| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $185,000 | $185,000 | $185,000 |
| Down Payment | $37,000 | $6,475 | $46,250 |
| Monthly Mortgage Amount | $972 | $1,193 | $1,199 |
| Taxes | $257 | $257 | $257 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $81 | $0 |
| Monthly Estimated Total | $1,329 | $1,631 | $1,556 |
Kevin Dolan
REALTOR®
Cell: (563) 506-4265
Licensed in IA
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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