Home Details for 105 N Violet Lane

$Unlock the full potential of this classic four-unit building in a private, rural location near SIU and SIH! Two units vacant, two rented. Perfect opportunity for both investors and owner-occupants. Live in one unit while the other three help pay your mortgage - or rent all four for solid cash flow from day one. Seller offer: $18,000 closing costs / repair credit! Current income: Generating $1,150/month with long-term tenant stability. Strong potential to increase monthly income to $3,250 with minimal improvements and strategic leasing. Private location on a quiet cul-de-sac in town! Convenient Location! Building features two studios plus 2 multi-bedroom units. Two upstairs units are spacious studios overlooking woods and green space. New Baine Roof 2025! Private laundry plus two-one car attached garages for both downstairs units. Off-street parking for studio units. Unit A has month-to-month lease. Unit B: vacant, new hvac in 2025 by Country Comfort, 3-4 BR, 2 Bath unit with spacious sunroom overlooking green space. Unit C: Vacant studio. Unit D has annual lease. Private laundry in both downstairs units. All electric building. Whether you're expanding your portfolio or looking to house-hack your way into multi-family investing, this property offers flexibility, immediate income and future income expansion. Don't miss this rare chance to own a high-demand asset with instant equity and room to grow!

• Heating Information

  • Electric
  • Forced Air
  • Heat Pump

• Basement

  • Crawl Space
  • None

• Cooling Information

  • Central Air

• Water Features

  • Public

• Utilities

  • Cable Available

• Garage

  • 1

• Parking

  • Attached