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.
Contingent
$484,900
527 Peyton St, Geneva, IL 60134
5beds
--sqft
Est.:
Multi Family
Built in 1924
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Historic charmPrivate entryFully updated bathNew carpetClean layoutQuiet cornerNew flooring
- 20 days
- on Zillow |
- 2,206 |
- 66 |
Zillow last checked: 7 hours ago
Listing updated: April 21, 2025 at 06:46pm
Listing courtesy of:
Diane Righeimer 630-715-9818,
Charles Rutenberg Realty of IL
Source: MRED as distributed by MLS GRID,MLS#: 12330317

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Electric
Features
- Basement: Unfinished,Exterior Entry,Full
Property
Parking
- Total spaces: 4
- Parking features: On Site, Detached, Driveway, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Lot
- Size: 9,000 Square Feet
- Dimensions: 60 X 150
Details
- Parcel number: 1203257007
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
Location
- Region: Geneva
Financial & listing details
- Tax assessed value: $326,274
- Annual tax amount: $8,923
- Date on market: 4/6/2025
- Ownership: Fee Simple
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