208 N Library Street, Waterloo, IL 62298
Local realty services provided by:CENTURY 21 Community
Listed by: samuel row
Office: keller williams pinnacle
MLS#:26029879
Source:MO_MARIS
Price summary
- Price:$474,900
About this home
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...
Contact an agent
Home facts
- Year built:1986
- Subdivision & Development:Martin's Add
- Listing ID #:26029879
- Added:155 day(s) ago
- Updated:October 30, 2026 at 10:33 AM
Rooms and interior
- Basement:Yes
- Basement Description:Sleeping Area, Walk-Out Access, Walk-Up Access
Structure and exterior
- Roof:Metal
- Year built:1986
- Lot area:0.25 Acres
- Construction Materials:Vinyl Siding
Schools
- High school:Waterloo
- Middle school:WATERLOO DIST 5
- Elementary school:WATERLOO DIST 5
Utilities
- Water:Public
Finances and disclosures
- Price:$474,900
- Tax amount:$8,343 (2025)
Features and amenities
- Amenities:Open Floorplan
Parking
- Parking description:Detached, On Street
- Garage:Yes
- Garage spaces:2
Copyright 2026 Mid-America Regional Information Systems. All rights reserved. Listings courtesy of Mid-America Regional Information Systems as distributed by MLS GRID <Last Updated October 30, 2026. Mid-America Regional Information Systems provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. Mid-America Regional Information Systems will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of Mid-America Regional Information Systems. MO_MARIS Member Broker: Danielle LittleNew listings near 208 N Library Street
- Coming Soon
$560,000Coming Soon4 beds 3 baths2,741 sq. ft.476 Hayden Drive, Waterloo, IL 62298
MLS# 26067310Listed by: NEXTHOME SIMPLE TRANSITIONS - New
$575,000Active3 beds 3 baths1,895 sq. ft.1133 Kirk Ln, Waterloo, IL 62298
MLS# 26069586Listed by: KELLER WILLIAMS PINNACLE - New
$68,000Active0.25 Acres949 Seneca Drive, Waterloo, IL 62298
MLS# 26069350Listed by: PRINCIPAL PROPERTY GROUP, LLC - New
$68,000Active0.25 Acres910 Seneca Drive, Waterloo, IL 62298
MLS# 26069351Listed by: PRINCIPAL PROPERTY GROUP, LLC - New
$77,000Active0.3 Acres809 Forestor Court, Waterloo, IL 62298
MLS# 26068977Listed by: PRINCIPAL PROPERTY GROUP, LLC - New
$300,000Active3 beds 3 baths3,797 sq. ft.5723 Konarick Road, Waterloo, IL 62298
MLS# 26065177Listed by: PROPERTY PEDDLER, INC - Open Sat, 11am to 1pmNew
$345,000Active3 beds 3 baths2,887 sq. ft.715 Legion Drive, Waterloo, IL 62298
MLS# 26068291Listed by: EXP REALTY - Open Fri, 12 to 4pmNew
$508,000Active3 beds 2 baths1,878 sq. ft.1013 Waymaker Lane, Waterloo, IL 62298
MLS# 26068016Listed by: CENTURY 21 ADVANTAGE - New
$495,000Active4 beds 3 baths1,895 sq. ft.8329 Andy Road, Waterloo, IL 62298
MLS# 26066075Listed by: KELLER WILLIAMS PINNACLE 
$549,900Pending5 beds 4 baths3,950 sq. ft.6131 Chantilly Bend, Waterloo, IL 62298
MLS# 26064081Listed by: KELLER WILLIAMS PINNACLE
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
©2026 Century 21 Real Estate LLC. All rights reserved. CENTURY 21®, the CENTURY 21 Logo and C21® are service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Listing information is deemed reliable but not guaranteed accurate.