PT
Patty Tallitsch
Jean Smith Realty
(779) 212-7437
15 Total Sales
1 in Malta
$210,000 Price
401 E Van Buren St Malta, IL 60150
Malta AreaEstimated Value: $270,885
8
Beds
4
Baths
3,695
Sq Ft
$73/Sq Ft
Est. Value
Highlights
- Bonus Room
- 2 Car Attached Garage
- Living Room
- Corner Lot
- In-Law or Guest Suite
- Laundry Room
About This Home
As of December 2025IMAGINE OWNING A HOME WHERE YOUR RENTAL INCOME COVERS YOUR MORTGAGE! This unique single family nonconforming home with 2 rental units in the peaceful town of Malta offers a special opportunity to enjoy a spacious primary residence while generating income from two attached apartments. Unit A, the main residence, is a substantial 5-bedroom, 2-bath home with over 2,200 square feet. With spacious bedrooms, a primary suite featuring an ensuite bath, and a bonus room perfect as a nursery, office, or dressing room/extra closet, this home offers flexibility for all your needs. This unit is filled with character and offers incredible potential to make it your own. This main unit is also equipped with a Generac generator (installed in 2014) for reliable power. Unit B is a comfortable 2-bedroom, 1-bath apartment with 837 square feet of living space, featuring generously sized bedrooms and a bright atmosphere. Ideal for tenants seeking a cozy yet spacious home, this unit offers immediate rental potential. Unit C is a 1-bedroom, 1-bath apartment offering 625 square feet of well-designed space, including a functional kitchen, a large family room with room for a full dining area, and a comfortable bedroom. Perfect for tenants who seek a blend of comfort and practicality! This property has been well-maintained with some recent updates: a new roof and vinyl siding were installed around 2014, four new water heaters (2024), and the landscaping has been refreshed this year. This home offers ample opportunity to add your finishing touches and unlock its full potential! Conveniently located, this property is just 10 minutes from Northern Illinois University, Kishwaukee College, and DeKalb, and a 15-minute drive to Rochelle and Sycamore. Whether you're looking for a home with income potential or an investment to add to your portfolio, this property offers a unique blend of living space and rental opportunity-live comfortably while your investment works for you!
Last Agent to Sell the Property
Willow Real Estate, Inc License #475203434 Listed on: 12/13/2024
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Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,786
Lot Details
- Lot Dimensions are 99x165
- Fenced
- Corner Lot
Parking
- 2 Car Attached Garage
- Parking Available
- Garage Door Opener
- Gravel Driveway
- Parking Included in Price
Home Design
- Asphalt Roof
Interior Spaces
- 3,695 Sq Ft Home
- 2-Story Property
- Family Room
- Living Room
- Combination Kitchen and Dining Room
- Bonus Room
- Pull Down Stairs to Attic
Kitchen
- Range
- Microwave
- Portable Dishwasher
- Disposal
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- In-Law or Guest Suite
- 4 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Outdoor Features
- Shed
Schools
- Malta Elementary School
Utilities
- Central Air
- Heating System Uses Natural Gas
- Power Generator
- Multiple Water Heaters
- Water Softener is Owned
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 13, 2024
Closed on
Nov 19, 2025
Sold by
Bought by
Seller's Agent
Elizabeth Metcalf
Willow Real Estate, Inc
Buyer's Agent
Abilene Villagran
OnPath Realty Inc
List Price
$295,000
Sold Price
$255,000
Premium/Discount to List
-$40,000
-13.56%
Views
500
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,885
Avg. Annual Appreciation
9.90%
Original Mortgage
$178,500
Interest Rate
6.75%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 7, 2016
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Malta, IL
-
Patty Tallitsch
-
JD Gieson
JD Gieson
Responds QuicklyRE/MAX of Rock Valley
(815) 456-8596
489 Total Sales
2 in Malta
$199,900 Price Range
-
Judah Sameth
Judah Sameth
Willow Real Estate, Inc
(224) 268-8857
158 Total Sales
6 in Malta
$175K - $370K Price Range
-
Jeanine Czerwin
Jeanine Czerwin
Wirtz Real Estate Group Inc.
(708) 571-2864
84 Total Sales
1 in Malta
$205,000 Price
-
Liz Piccioli
Liz Piccioli
@properties Christie's International Real Estate
(815) 860-2076
95 Total Sales
1 in Malta
$450,000 Price
-
Elissa Jarke
Elissa Jarke
Century 21 Circle
(779) 212-7341
56 Total Sales
2 in Malta
$90K - $134K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $255,000 | None Listed On Document | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $178,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/09/2025 12/09/25 | Sold | $255,000 | -13.6% | $69 / Sq Ft |
| 10/28/2025 10/28/25 | Pending | -- | -- | -- |
| 10/07/2025 10/07/25 | Price Changed | $295,000 | 0.0% | $80 / Sq Ft |
| 10/07/2025 10/07/25 | For Sale | $295,000 | -6.1% | $80 / Sq Ft |
| 09/24/2025 09/24/25 | Pending | -- | -- | -- |
| 09/13/2025 09/13/25 | Price Changed | $314,000 | -1.6% | $85 / Sq Ft |
| 09/02/2025 09/02/25 | Price Changed | $319,000 | -1.5% | $86 / Sq Ft |
| 08/09/2025 08/09/25 | Price Changed | $324,000 | -1.5% | $88 / Sq Ft |
| 07/25/2025 07/25/25 | Price Changed | $329,000 | -1.5% | $89 / Sq Ft |
| 07/10/2025 07/10/25 | For Sale | $334,000 | 0.0% | $90 / Sq Ft |
| 07/07/2025 07/07/25 | Pending | -- | -- | -- |
| 06/29/2025 06/29/25 | Price Changed | $334,000 | -1.5% | $90 / Sq Ft |
| 06/13/2025 06/13/25 | Price Changed | $339,000 | -1.5% | $92 / Sq Ft |
| 05/30/2025 05/30/25 | Price Changed | $344,000 | -1.4% | $93 / Sq Ft |
| 05/16/2025 05/16/25 | Price Changed | $349,000 | -2.8% | $94 / Sq Ft |
| 04/16/2025 04/16/25 | Price Changed | $359,000 | -2.7% | $97 / Sq Ft |
| 02/28/2025 02/28/25 | Price Changed | $369,000 | -1.6% | $100 / Sq Ft |
| 01/28/2025 01/28/25 | Price Changed | $375,000 | -6.0% | $101 / Sq Ft |
| 12/13/2024 12/13/24 | For Sale | $399,000 | -- | $108 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $5,744 | $81,619 | $15,071 | $66,548 |
| 2024 | $5,786 | $72,570 | $13,400 | $59,170 |
| 2023 | $5,786 | $63,882 | $11,796 | $52,086 |
| 2022 | $4,649 | $58,075 | $10,724 | $47,351 |
| 2021 | $4,759 | $55,236 | $10,200 | $45,036 |
| 2020 | $4,649 | $52,847 | $9,759 | $43,088 |
| 2019 | $4,506 | $50,864 | $9,393 | $41,471 |
| 2018 | $4,383 | $48,739 | $9,001 | $39,738 |
| 2017 | $4,191 | $45,808 | $8,460 | $37,348 |
| 2016 | $4,115 | $44,708 | $8,257 | $36,451 |
| 2015 | -- | $42,178 | $7,790 | $34,388 |
| 2014 | -- | $41,810 | $7,722 | $34,088 |
| 2013 | -- | $43,028 | $7,947 | $35,081 |
Source: Public Records
Agents Affiliated with this Home
-
Elizabeth Metcalf
Seller's Agent in 2025
Elizabeth Metcalf
Willow Real Estate, Inc
(815) 757-4073
41 Total Sales
-
Abilene Villagran
A
Buyer's Agent in 2025
Abilene Villagran
OnPath Realty Inc
(815) 517-8872
13 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12255869
APN: 07-23-131-001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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