401 S 2nd Street

St. Charles, IL 60174

AMAZING INVESTMENT OPPORTUNITY! Here's your chance to own a prime property in downtown St. Charles. This 3 unit multi-family conversion property has recently been renovated & is within walking distance to the highly acclaimed river corridor in St. Charles with restaurants, shops & breweries. Across the street from where the new Whole Foods will be sits this gem of a property. A gracious front porch adds to the curb appeal and is accessed by units 1 & 3. Unit 2 is in the back and has its own private patio. The home offers two first floor units and one second floor unit. Both lower units offer complete electrical upgrades and renovated bathrooms and kitchens in 2022. Most of the plumbing was updated and the hardwood floors were refinished as well The second floor unit was totally remodeled in 2016 with new windows, hardwood floors, full kitchen & new appliances. All of the water heaters were replaced in 2018 & 2 of the boilers were replaced in 2019. The home has been recently painted both on the interior and the exterior and is fully rented with timely paying tenants. There are 4 off street parking spaces. Since it is zoned CBD-2, these properties allow full residential uses with an option of mixed retail services. Worth the look for a savvy investor - live in one unit and rent the other two. A stairway to an unfinished attic provides expansion opportunity. Tenants pay all utilities - separate meters for each apartment. The chimney was completely rebuilt in 2022. A pre-approval letter must be presented before showings will be arranged. More information uploaded in Add'l Info. PLEASE NOTE - There was a parcel split in September 2023 so the taxes are approximate. Also, there is a shared driveway with the parcel to the south. There is an egress/ingress easement recorded. The Plat of Survey is uploaded. THIS PROPERTY IS BEING SOLD "AS IS"