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Rob Schaid

seanlevitt@remax.net +1(262) 960-2899

Listed by Shannon Collinsof Green Street Realty

Est. payment | -/mo

4 Beds

2 Baths

2,000 SqFt

Save

Est. payment | -/mo

Save

4 Beds

2 Baths

2,000 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached Single

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Subdivision Orig Town Of Philo

MLS Listing ID 12717006

Style Farmhouse

Bedrooms 4

Full Baths 2

Year Built 1880

Annual Tax Amount $2,930

Tax Year 2025

Lot Size 0.280 Acres

Lot Dimensions 80X150

Property Sub-Type Detached Single

Property Description

Excellent investment opportunity in the heart of Philo! This income-producing property offers over 2,000 square feet and has been successfully operated as a duplex for many years. Currently configured as two 2-bedroom, 1-bath units, the home also offers the potential to be converted back into a single-family residence by reopening the interior staircase to the second floor. The upper unit, accessed by a private exterior staircase, features updated paint, an updated bathroom, and an updated kitchen area, while the spacious main-level unit is occupied by long-term tenants. A shared laundry area is located in the basement, and both residential leases extend through April 2027, providing immediate rental income. Additional income is generated by a detached 3-car garage and a separate 1-car garage, both currently leased as storage units. The property features an updated septic system with city water service, a roof replaced by the current owner, separately metered electric service, shared water and gas that are billed back to the tenants, a large welcoming front porch, rear tenant parking, and a common outdoor area perfect for relaxing or grilling. Being sold as is, this handyman special offers outstanding investment potential with multiple possibilities in a desirable small-town community.

Location

State IL

County Champaign

Rooms

Basement Finished, Partial

Interior

Interior Features 1st Floor Bedroom

Heating Natural Gas, Forced Air

Cooling Window Unit(s)

Fireplace N

Appliance Range, Refrigerator

Exterior

Garage Spaces 4.0

View Y/N true

Building

Story 2 Stories

Sewer Septic Tank

Water Public

Structure Type Aluminum Siding

New Construction false

Schools

Elementary Schools Unity East Elementary School

Middle Schools Unity Junior High School

High Schools Unity High School

School District 7, 7, 7

Others

HOA Fee Include None

Ownership Fee Simple

Special Listing Condition None

NEARBY SCHOOL & BUSINESS

+1(262) 960-2899

seanlevitt@remax.net

101 Broad St Unit 102, Geneva, WI, 53147

109 W Madison ST Philo, IL 61864