1222 W State St

Rare opportunity to own one of Geneva's most unique historic properties, located just west of downtown. Originally a single-family home, this vintage 3-story, 5,500+ sf 19th century building has for many years been a three-unit multi-family investment property. A virtual video tour is available. The main building, plus 4-car detached garage, currently sits on a 1.7 acre lot with mature trees that screen it from State St. The asking price of $540,000 is for the buildings on 1.1 acres. The optional 0.6 acre lot east of the house is priced at $210,000, for a combined price of $750,000. The current R4 zoning would allow for the structure to be converted back to a single-family residence or remain a three-flat. In addition, the zoning would also allow for a single-family home to be built on the optional lot. Current rents total $4,500/mo. Leases are short-term. The individual apartments feature: Main floor - Features hardwood floors and dramatic vintage woodwork. Two bedrooms, combined living & dining rooms with fireplace, 2 baths, kitchen with eating area, laundry room, large wrap-around screened porch. 2nd floor - Three bedrooms, living room with sitting area with large bay windows, 2 baths, kitchen with eating area, laundry room, and outdoor deck. 3nd floor - Two bedrooms, living room, dining area, kitchen, and 1 bath. Rent roll - Leases thru June 30, 2021 Main - $1,750/mo 12 years 2nd - $1,600/mo 3 years 3rd - $1,150/mo 35 years.