$230,000
$100K PRICE DROP

314 2nd St Henry, IL 61537

Estimated payment $1,522/month

Total Views 10,544
5 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • River Front
  • Traditional Architecture
  • 1 Car Detached Garage
  • Property is near a park
  • Balcony
  • 1-Story Property

About This Home

This property sounds like a fantastic opportunity! The combination of picturesque views over the Illinois River and its versatile layout makes it a unique find. Welcome to a distinctive property with stunning river views and excellent potential. This versatile building features three units: a spacious three-bedroom unit on the upper level and two mirrored one-bedroom units below. Upper-Level Unit: Size & Layout: Expansive three-bedroom unit with vaulted ceilings and abundant natural light. Living Space: Open-concept living room and eat-in kitchen. Additional Features: Private laundry room, updated bathroom, and a generously sized primary bedroom (24x11) that can be converted into two separate bedrooms if needed. Lower-Level Units: Configuration: Two mirrored one-bedroom units. Features: Each includes a full bath and a large family room/kitchen combo. Furnishings: Furniture in both units will remain, adding immediate rental appeal. Additional Amenities: Parking: One-car detached garage on the north side, with ample parking available in the long driveway and on the south side. Location: Overlooking the marina and adjacent to a hotel, this property is ideally situated for use as an Airbnb or VRBO. Whether you're looking for a rental investment or a cozy getaway with income potential, this property offers both charm and opportunity.

Listing Agent

McKenzie Sylvester

RE/MAX Rising License #475169463 Listed on: 08/12/2024

RE/MAX Rising

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,007

Year Built

  • Built in 1970

Lot Details

  • 0.76 Acre Lot
  • Lot Dimensions are 23x92x94x64x54x55x240
  • River Front
  • Paved or Partially Paved Lot

Parking

  • 1 Car Detached Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Traditional Architecture
  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Water Views
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Schools

  • Henry-Senachwine Elementary Scho
  • Henry-Senachwine High Middle School
  • Henry-Senachwine High School

Additional Features

  • Balcony
  • Property is near a park
  • Forced Air Heating System

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $370
  • Trash Expense $65
  • Water Sewer Expense $77

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,007

Year Built

Built in 1970

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Subdivision Name: Not Applicable
  • Year Built: 1970
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walk-Out Access
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave

Exterior Features

  • ExteriorFeatures: Balcony
  • Foundation Details: Block
  • List Price: 230000
  • Lot Features: River Front, Water View, Views
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Driveway
  • ParkingTotal: 5
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Park, Street Paved
  • Conversion YN: Y

Fee Information

  • Trash Expense: 65
  • Water Sewer Expenses: 77
  • Trash Expense Year: 780

Schools

  • Elementary School: Henry-Senachwine Elementary Scho
  • High School: Henry-Senachwine High School
  • Middle/Junior School: Henry-Senachwine High School
  • Middle/Junior School District: 5

Lot Info

  • Lot Size Acres: 0.76
  • Lot Dimensions: 23X92X94X64X54X55X240
  • Zoning: SINGL
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 23
  • Is Parking Included in Price: Yes

Multi Family

  • ElectricExpense: 370
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 1 Story Unit/s

Tax Info

  • Tax Annual Amount: 3007
  • Tax Year: 2023
  • Tax Exemptions: Homeowner,Senior

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,902 $56,026 $4,706 $51,320
2023 $3,902 $51,447 $4,321 $47,126
2022 $3,007 $46,563 $3,911 $42,652
2021 $2,796 $43,154 $3,625 $39,529
2020 $2,694 $41,654 $3,499 $38,155
2019 $2,246 $41,140 $3,456 $37,684
2018 $2,670 $41,140 $3,456 $37,684
2017 $2,261 $41,980 $3,527 $38,453
2016 $2,261 $42,894 $3,604 $39,290
2014 -- $42,694 $3,587 $39,107
2013 -- $41,943 $3,524 $38,419
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2025 03/10/25 Price Changed $230,000 0.0% --
03/10/2025 03/10/25 For Sale $230,000 -8.0% --
02/28/2025 02/28/25 Off Market $250,000 -- --
11/25/2024 11/25/24 Price Changed $250,000 -9.1% --
10/10/2024 10/10/24 Price Changed $275,000 -8.3% --
09/23/2024 09/23/24 Price Changed $299,900 -4.8% --
09/05/2024 09/05/24 Price Changed $315,000 -4.5% --
08/12/2024 08/12/24 Price Changed $330,000 0.0% --
06/19/2024 06/19/24 For Sale $330,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12087892

Midwest Real Estate Data (MRED)

APN: 03-16-284-001