Multi-Family Space For Lease @ 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, 1906 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 R1 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. 2020 taxes: $14,876.

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. This space offers accomodations for: lowrisegarden.