Courtesy: Stellhorn Realty, Inc.
618-2346622
720–722 Brittany Lane, Waterloo- Two residences, full basements, established tenants and a secluded Waterloo setting make this an investment property worth a closer look. This well-maintained two-unit property offers two separate 2-bedroom, 2-bath residences, each with a full basement and attached garage. Both units are currently occupied with tenants on one-year leases, providing immediate rental income for the new owner. --720 Brittany Lane offers approximately 1,088 sq. ft. on the main level plus a full 1,028 sq. ft. basement. The main floor features two bedrooms, full bath, living room with fireplace, kitchen and dining area with sliding glass doors leading to a private outdoor retreat. The vinyl-fenced patio features a hardtop gazebo and hot tub, creating a wonderful extension of the living space. The basement includes a recreation room, bar area, second bath, utility room and additional unfinished/storage space. Recent improvements include new flooring and paint replaced approximately two years ago, and a brand new HVAC system. An attached two-car garage completes this upgraded unit. --722 Brittany Lane features approximately 872 sq. ft. on the main level, with two bedrooms, full bath, living room, kitchen and dining area. The full basement provides substantial additional space and includes a second bathroom and utility area. This residence includes an attached one-car garage. The HVAC system was replaced in 2021, the water heater was replaced in June 2026, and the kitchen features a brand-new refrigerator, range, microwave and dishwasher. The property received a new roof in 2019. Each residence offers its own amenities while providing the flexibility and income potential of a two-unit investment property in Waterloo. Washer and dryer in each unit are tenant-owned and do not convey. Tenants rights prevail. Buyer must provide Preapproval or Proof of Funds before showings will be approved.
Courtesy: Strano & Associates
618-277-7653
Investment opportunity!! This 1 1/2 story duplex is conveniently located in downtown Waterloo. Each unit consist of 2BR/1BA. Unit B was recently remodeled w/luxury vinyl flooring, carpet, interior freshly painted, light fixtures, bathroom vanity/toilet and light fixtures. Water heater in Unit "B" is approx. 6 months. Double hung vinyl windows. Basement only on Unit B side. Unit "A" main floor laundry. Unit "B" laundry in bsmt. 1 detached garage. Property is being sold "as is." Seller to make no repairs based on inspections.
Courtesy: Keller Williams Pinnacle
618-208-6692
Unique properties like this rarely come available in Waterloo! This incredible opportunity offers flexibility for an owner-occupant, multi-generational setup, or investor seeking strong income potential. The property features four total living spaces consisting of an impeccably maintained main residence, an attached lower-level in-law/basement apartment , and a beautifully updated duplex fronting Magnolia Street. The main home has been exceptionally cared for with numerous updates including freshly painted rooms, newer roof, beautiful finishes, and excellent curb appeal. The main level is an open floor plan concept along with 2 bedrooms (including the primary suite w/ private bathroom & walk-in closet) and a huge screened-in porch overlooking the spacious side yard. The walkout lower level offers two additional bedrooms, full bath, office/laundry area, & ample storage. Currently configured as a 4 bedroom, 3 bath residence, the main home also includes an attached 1-car garage plus a detached 1-car garage. The attached garage area is already plumbed for a kitchen setup and, subject to buyer verification, may provide future flexibility for additional living configuration options (dividing the main home into an upper & lower level unit with conversion of the attached garage). The main home has always been owner-occupied so no rental history is available. Connecting the main home and Magnolia duplex is a lower-level in-law/basement studio suite offering additional flexibility for extended family, guest use, or potential income opportunities. This unit features 1 bathroom, kitchen/living space, & sleeping area/bonus room. Please verify with your Buyer's Agent details regarding this unit. The Magnolia duplex is an older building connected to the main home through studio suite and has been extensively remodeled over the years while maintaining its original exterior character. Each unit offers a main-level bedroom, full bath, kitchen, living room, main-floor laundry, plus a loft area with an additional bedroom — creating 2 bedroom, 1 bath layouts on each side. When you walk in the front doors, you will be wowed by the soaring ceilings as you look up to the loft! Tenants love the covered front porches & fenced, private rear courtyards for ultimate outdoor privacy, entertainment, & relaxation. Current rent amounts are believed to be well below prevailing market rates for Waterloo, creating additional upside potential. Whether you are looking to live in the primary home while collecting rental income, create a multi-generational property, or maximize future investment potential, this property offers possibilities rarely found in today’s market. Modern updates, income potential, flexibility, and truly one of a kind — this is a property you MUST need to see in person to fully appreciate. Agent Related
Waterloo is located in Illinois. Waterloo, Illinois has a population of 10,906. Waterloo is less family-centric than the surrounding county with 30.87% of the households containing married families with children. The county average for households married with children is 32.64%.
The median household income in Waterloo, Illinois is $79,107. The median household income for the surrounding county is $92,950 compared to the national median of $69,021. The median age of people living in Waterloo is 40.4 years.
The average high temperature in July is 88 degrees, with an average low temperature in January of 22.3 degrees. The average rainfall is approximately 43.2 inches per year, with 11.6 inches of snow per year.
