Historic District Legal Duplex | Fully Vacant | Positioned on a quiet corner in Geneva's designated historic district, this legal duplex has fully exited legacy ownership and stands now as a clean, vacant, income-ready asset. Just blocks from Metra, 3rd Street dining, downtown shops, and parks. This duplex has location stability, dual-unit functionality, and long-term value positioning in one of the city's most consistent zip codes. Turnkey Upper Unit (3 Bed): Private entry, freshly painted, new carpet, new flooring, and a fully updated bath - move-in ready. Turnkey Lower Unit (2 Bed): Private entry with porch, freshly painted, updated bath, clean layout, and historic charm. Each unit has its own entrance; two driveways and a two car garage. Shared basement laundry (washer/dryer included). Utility Structure - Legal & Clear: Each unit is separately metered for gas, water and electric. Zoning is fully compliant. Mechanical Summary: 1st Floor: Furnace (2010) | A/C (2001) 2nd Floor: Furnace (2012) | A/C (1999) Stove & Hood (2018) Well-maintained mechanicals. No deferred systems. Market Rent Potential: 4,400-4,800/month. G Income: 52,800-57,600/year. Est. Expenses (incl. water laundry):12,480. N Income:40,320-45,120. ROI: 8.3-9.3| Cap Rate: Up to 11.8. STR-permissible (verify with city). Zoned for appreciation. No tenancy to unwind. No unfinished work. Legal duplex with clean separation. This is not a distressed property. It's a concluded thread - now repositioned. Phone, text, and email inquiries are reviewed and returned within 24 hours.
527 Peyton Street, Geneva, IL 60134, is a 5 bedroom Multi Family built in 1924.
This property is currently available for sale and was listed on Mainstreet REALTORS® on 4-5-2025.
The MLS# for this Multi Family is MLS# MRD12330317.
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