Historic House With A Coach Home Is Good Income Potential
A small historic house plus a coach house for sale was built in 1918 and you can rent out the coach home for additional income, in-law arrangements, or your still at home college grad can live there. The main house does not have all the bells and whistles, but it packs potential. It is nestled on a lot with a river behind it and a forest preserve behind and on the side of the property. It is location, location in my home town. I see it often with the occasional For Rent sign in front for the backyard coach home.
The kitchen in the main house needs some redecorating like painting the cabinets white or any color to brighten it up. It has built-ins in the dining room and a wood burning fireplace. By the listing, it has four bedrooms with one on the main floor and three upstairs. The coach house is accessible down a little stone path.
The little historic home is 3,000 square feet with three bathrooms and built back in 1918. The asking price for this charmer is $589,900. Taking into account the second home and the wooded lot surrounded by a forest preserve, location, and river making it waterfront property is probably upping the price.
I think it would be a nice retirement income home for an older couple to live in and collect the $1000 rental cash every month while they enjoyed the river and forest preserve setting. Or, like I mentioned above, the coach quarters are perfect for an in-law arrangement or your still living at home and not employed yet college graduate who would love their own independent living.
Kitchen could use some brightening up with painting the cabinets or replacing the countertops and wall tile.
Cozy up to the fireplace in the living room that has more built-ins. It looks like there is a very large office area to the left.
The charming coach house nestled into the forest.
Coach kitchen and living area.
I assume this is the bedroom just up a few flight of steps within the coach home. I’ve noticed since the housing problems that renting prices are quite high. Since this is a house and not in an apartment building, the renter gets more privacy and outside room to entertain.
Another post I did with a guest house or coach-type home included with it is a European house in Aspen.
Source for all photos and listing information are credited to Realtor.com where you can check out this Batavia Road Warrenville, Illinois home for sale.