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119 W North Street Geneseo, IL 61254 Multi Unit - Multiple Active

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Description

Prime turn-key investment opportunity in the heart of Geneseo! This fully occupied 4-unit residential property offers instant, steady cash flow from day one for both seasoned investors and those looking to expand their portfolio. Unbeatably situated on the corner of West North Street and Center Street, the property sits directly across from the park and is just a short walk to historic downtown Geneseo's vibrant local shops, dining, and community events. Each of the four clean, low-maintenance units features a comfortable one-bedroom, one-bathroom layout with a strong history of consistent occupancy. Tenant appeal is further enhanced by an on-site basement laundry facility, individual unit thermostat controls, and a detached three-car garage that provides convenient off-street parking alongside potential extra monthly rental revenue. What truly sets this property apart is its commercial zoning, opening up unique possibilities to convert the building into a lucrative Airbnb, or charming bed and breakfast in a prime tourist-friendly location. Combining an unbeatable central setting, high versatility, strong rental history, and low turnover, 119 W North St is a standout multi-family asset built for long-term growth

Property Highlights

Property Type: Multi Unit - Multiple
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General Information

County: Henry
MLS ID:
$315,000
Est. $2,228/mo
3cars
Featured Listing Active
BEDS0 BATHS MLS#12712481
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 228

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119 W North Street, Geneseo, IL 61254.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $315,000$315,000$315,000
Down Payment $63,000$11,025$78,750
Monthly Mortgage Amount $1,572$1,930$1,962
Taxes $557$557$557
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$139$0
Monthly Estimated Total $2,228$2,725$2,618

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About this area

Illinois/Geneseo
Geneseo

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About Geneseo

Geneseo, IL—located in Henry County—is a small city celebrated for its historic charm, welcoming community, and thriving cultural life. Known as the Maple City, Geneseo features tree-lined streets, a well-preserved downtown filled with boutiques, restaurants, and antique shops, and a strong sense of pride in its heritage. The community places a high value on education, with local schools widely recognized for academic excellence and extracurricular opportunities. Geneseo also offers plenty of recreation, from parks and trails to nearby access to the Rock River for boating and fishing. Seasonal festivals, community events, and local arts performances add to the city’s warm and lively atmosphere. Its location just east of the Quad Cities makes it ideal for those seeking a quieter setting while staying connected to urban amenities.

The real estate market in Geneseo is diverse, offering something for nearly every type of buyer. Historic homes near the downtown area showcase beautiful architecture and classic designs, while newer subdivisions provide modern amenities and open layouts for families. Buyers can also find mid-sized ranch-style homes, two-story traditional residences, and rural properties on larger lots or acreages. Many homes feature generous yards, established landscaping, and quiet neighborhood settings.

Geneseo’s real estate is considered highly desirable due to its affordability, community atmosphere, and proximity to larger employment centers. Whether looking for a first home, a family-friendly property, or a quieter retreat with room to grow, this city offers a balanced blend of small-town living, strong schools, and accessible housing options.

If you are ready to start your home buying or selling journey, browse the latest real estate listings in Geneseo, IL. You can also contact us—we are here to help!

Nearest Ruhl & Ruhl Office: Moline, IL
1701 52nd Avenue
Moline, IL 61265
(563) 441-1776

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