306 W Prairie St, Jerseyville, IL 62052

Property Description

Historic Character • Income Potential • Possible Owner Financing Unlock the potential of this spacious historic home filled with original charm and endless possibilities. Featuring beautiful woodwork, original doors, vintage hardware, tall ceilings, and decorative trim, this property offers the character that today’s buyers are searching for. The home is ready for restoration and cosmetic updates, providing an excellent opportunity to build equity while preserving its historic appeal. Recent improvements include new electrical panels with updated breakers, and the property is already equipped with multiple electric meters and breaker panels, making it an excellent candidate for conversion into up to three separate living units (subject to local zoning and municipal approval). Ideal for investors or owner-occupants, you could live in one unit while generating rental income from the upstairs apartment and the rear studio (“Cubby”), or maximize the property’s full income-producing potential. Enjoy scenic views of the city and water tower, all within just a few blocks of the downtown business district, where shopping, dining, and local amenities are easily accessible. Whether you’re looking for your next renovation project, a multi-unit investment opportunity, or a chance to restore a beautiful piece of history, this property offers exceptional upside at an attractive price. Possible owner financing available for qualified buyers.