Magnificent Mansion conversion to 4-plex with 4640 finished sqft & covered front porch on corner of large, double lot. Amazing investment opportunity one block from Wesleyan University! Fully rented for total of $4090/mo. Massive main floor 4-bed apartment rents by room to 4 tenants & boasts newer high-efficency furnace, hardwood floors, updated kitchen, huge family room area with gorgeous windows and built-ins; easy access to main floor laundry. 2nd Floor has 2 separate apartments - Apt #2 is super spacious 3 bed, beautifully remodeled; Apt #2A is big studio apartment with 3/4 bath; 3rd floor is huge 1+bed apartment. Main floor laundry for all units; off street and street parking. Multi MLS #22423667
Home Highlights
Outdoor
Porch, Patio, and Covered Patio
A/C
Heating & Cooling
Price/Sqft
$81
Home Details for 4942 Madison Avenue
Interior Features
Interior Details
Basement: Walk-Up Access, Full, and Unfinished
Beds & Baths
Number of Bedrooms: 8
Number of Bathrooms: 4
Number of Bathrooms (three quarters): 1
Number of Bathrooms (main level): 1
Dimensions and Layout
Living area: 4640 Square Feet
Appliances & Utilities
Appliances: Range - Cooktop + Oven and Refrigerator
Laundry: Main Floor
Heating & Cooling
Heating: Gas and Forced Air
Air Conditioning: Central Air and Window Unit(s)
Levels, Entrance & Accessibility
Flooring: 2.5 Story
Exterior Features
Exterior Home Features
Roof: Composition
Patio / Porch: Porch, Patio, and Covered Patio
Fencing: Partial
Foundation: Block and Brick/Mortar
Parking & Garage
Parking: Off Street and Extra Parking Slab
Water & Sewer
Sewer: Public Sewer and Private Sewer
Finished Area
Finished Area (above surface): 4640 Square Feet
Property Information
Year Built
Year Built: 1887
Property Type / Style
Property Type: Residential
Property Subtype: Single Family Residence
Building
Construction Materials: Steel Siding and Other
Not a New Construction
Not Attached Property
Lot Information
Lot Area (acres): 0.23 acres
Property Information
Condition: Not New and NOT a Model
Parcel Number: 1717208011000
Property Taxes
Year: 2023
Tax: $4,505
Price & Status
Price
List Price: $375,000
Price Per Sqft: $81
Status
MLS Status: Active
Days on the Market: 32
Location
Direction & Address
City: Lincoln
Subdivision: University Place
School Information
Elementary School: Riley
Elementary School District: Lincoln Public Schools
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