5N618 IL-47

ATTENTION INVESTORS and HOME-OWNERS LOOKING TO OCCUPY in 2023...9% CASH ON CASH YIELD! EXTENSIVE REHAB! TONS OF STORAGE SPACE! INCLUDES RENTAL INCOME! Charming historic architectural home located in Lily Lake, nestled on 1.17 acres with large open spaces and significant garage/shop storage space. There is a 3-car garage (20' x 34') with a full heated second floor along with a 30' x 40' pole barn with two garage doors and cement flooring (perfect for collectors, contractors or hobbyists). This unique property is being sold along with two contiguous parcels totaling 1.17 acres. There is a second home, adjacent and to the north, which is also included in the sale price and is currently leased with a 12-month contract starting June 1 with rent of $1,050. The main house was built in 1897 and offers wood trim, craftsmanship detailing, a prairie style staircase, and an inviting reading nook. The seller has improved the flooring throughout, painted throughout and upgraded the bathrooms and kitchen. The expansive kitchen features a breakfast nook and pantry, 42" uppers, stainless steel appliances and hard surface counters. First floor also includes a living room, study nook, enclosed 3-seasons front porch, spacious foyer and first floor bedroom with a walk-in cedar closet and full bath attached. Leading up the refurbished staircase to the second floor is three bedrooms with a spacious full bath; double sinks, built-in cabinets and washer/dryer with folding counter. The upstairs bath also includes a tile surround shower/tub combo and a separate shower room with multiple overhead and body sprays for added comfort. Other recent updates on the larger home: newer Pella insulated windows (est. 2017/2018) and architectural roof (est. 5 yrs old). Large home also had new iron filter, water softener, RO System and new HVAC system installed in July 2022. The smaller home offers a living room, full kitchen, stackable washer/dryer, first floor bedroom, first floor bathroom and a second floor with a loft and second bedroom with study/work/reading alcove. The smaller home has also received a new roof and siding as part of the rehab. This one is a great find for those looking for a large lot and mature trees, plenty of storage, an architectural/historic home, and rental income. Both homes are rented now....small home is 12-month lease at $1,050 and large home is 12-month lease at $2,600.