$49,000
About this home
This wonderful investment property located in Ilion, NY, offers a unique opportunity for buyers looking for a blend of character and cash flow. The home, built in 1889, showcases an old-style architectural design that exudes historic charm. With 1, 344 square feet of living space, it boasts four spacious bedrooms and a single bathroom, making it ideal for families or tenants seeking comfort and convenience. Situated on a generous 1.1-acre lot, this property offers room for outdoor activities and potential landscaping. The home operates on a drilled well and a septic tank, ensuring self-sufficiency and reduced utility costs. One of the standout features is the current tenancy; reliable tenants are already residing in the property and are keen to remain, which provides immediate cash flow for the new owner. The location in Ilion is attractive, with low property taxes enhancing the investment appeal. This home not only embodies historical significance but also presents an excellent opportunity for generating passive income. The seller is eager to make a deal, making this an opportune time for potential investors to jump on this promising property. Whether you are an experienced investor or new to the real estate market, this property comes with the added advantage of established tenants and a solid cash flow, making it a compelling investment choice. Don't miss out on the chance to own this delightful home with both historic value and modern investment potential.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.
- Real estate (PITI + HOA + PMI)
- $607
- Utilities
- $1,108
- Transportation
- $0
- Other (entertainment)
- $160
Quick facts
At a glance
Home features
Lot features
Agricultural, IrregularLot
Neighborhood — 13357
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 10,864 | 19,351,094 | 299,088,112 |
| Population Change Since1990 | -8.00% | 8.00% | 20.00% |
| Population Density | 357 | 395 | — |
| Male | 5,140 | 9,381,926 | 147,432,321 |
| Female | 5,724 | 9,969,168 | 151,655,844 |
| Never Married | 2,189 | 4,946,391 | 63,775,926 |
| Married | 4,471 | 7,166,701 | 123,120,365 |
| Separated | 475 | 1,159,673 | 12,639,686 |
| Widowed | 792 | 1,110,245 | 15,467,586 |
| Divorced | 888 | 1,210,448 | 23,075,029 |
| Number Of House Hold | 4,035 | 7,102,016 | 111,826,380 |
| Average House Hold Size | 2.65 | 2.64 | 2.60 |
| Medial Age | 37.46 | 36.53 | 35.46 |
| Median House Hold Income | $37,398 | $49,847 | $48,276 |
| Average House Hold Income | $42,938 | $70,032 | $63,629 |
| P C I | $16,400 | $26,569 | $24,529 |
| M D I | $32,840 | $42,210 | $41,133 |
| A T H E | $39,551 | $54,185 | $50,898 |
| S T R | 8.00% | 4.00% | — |
| W C J | 70.87% | 81.55% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
Open in Google Maps →Listing information last refreshed 7/6/2025. Provided courtesy of River Hills Properties LLC Ut via Buffalo MLS. Information deemed reliable but not guaranteed.