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Victorian 5-Flat Apartment Building
For Sale
Under Contract
$589,000

227 N First Street, Geneva, IL 60134

Commercial Sale, Geneva, IL

Property SizeContact for details
Lot Size0.30 Acres
Days on Market46

Property Features for 227 N First Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 5, Bathroom 4, Bathroom 2, Basement, Bathroom 3, Bedroom 1, Bedroom 3
Basement Unfinished
Directions State street to First N to Ford. One the corner.
Subdivision Geneva
Standard status Active Under Contract
APN 1203427001
Lot size 0.30 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 10952

Utilities

Cooling system Window Unit(s)

Building Details

Year built 1896
Floors in Building 2
Number of units 5
Building materials Wood, Frame
Roof type Composition
Listing Agency: Keller Williams Infinity · Keller Williams Realty
Listed By: Jerry Moody · License #475167144
Added: Jul 6 Changed: Aug 20 Last Checked: Aug 20 at 11:06PM
MLS# 12688909

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Victorian-style two-story 5-flat apartment building is completely occupied and maintained. The property contains 5 total residences with a mix of studio, one-bedroom, and two-bedroom units. Frame construction with a charming front porch and off-street parking supports everyday tenant convenience.

The subject property is located at 227 N First Street in Geneva, IL. It sits about 2 blocks from downtown Geneva and roughly 1 block from the River Path, positioned on the SE corner of 1st and Ford. Nearby development includes an upscale condo project next door and a new residential building at the northeast corner of Ford and 1st.

The legal description is Lots 8 & 9 (except the south 60 feet) in BLK 19 of the original town of Geneva. Sold as-is; home is occupied, please do not do more than drive by.

Key Highlights

  • Completely occupied 5‑flat with studio, one‑bedroom, and two‑bedroom residences
  • Two‑story frame construction with a front porch and off‑street parking
  • 0.2981‑acre lot

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Daycare Center Auto Parts Store Grocery & Convenience Store Plumbing Service Pet Grooming Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,640
Businesses Nearby

Demographics for 60134, IL

30,503
Population
11,159
Households
2.7
Avg Household Size
42
Median Age
66%
College-Educated
97%
High-School Grad
14.6 sq mi
ZIP Area
2,089
Density / Sq Mi
$148,283
Median Household Income
$66,586
Median Earnings
$1,816
Median Rent
$427,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Completely occupied Victorian 5-flat with studio, one- and two-bedroom units and off-street parking.
Where is this apartment building located?
The property is located at 227 N First Street Geneva, IL.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Completely occupied 5‑flat with studio, one‑bedroom, and two‑bedroom residences; Two‑story frame construction with a front porch and off‑street parking; 0.2981‑acre lot
More about this property
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