NOT LISTED FOR SALE

Estimated Value: $81,000 - $93,000

-- Bed
2 Baths
2,169 Sq Ft
$41/Sq Ft Est. Value

Last Sold November 14, 2024

Last sale price $80,000 $37 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $642/month

60 Days on Market

About This Home

As of November 2024

Welcome to this well-maintained 2-unit multi-family property, perfectly situated in a desirable Rockford neighborhood. Offering both comfort and convenience, this property is ideal for investors or homeowners looking for additional rental income. Unit 1: Spacious 2-bedroom, 1-bathroom layout Bright and airy living room with large windows With appliances and ample cabinet space Hardwood floors throughout Private basement access with laundry hookups Private entry and porch in the back Unit 2: Comfortable 3-bedroom, 1-bathroom layout kitchen with appliances Hardwood floors throughout Separate entry for privacy Second floor has back deck. Property Highlights: Property has been updated with new water heater and new furnace No garage but there is space in the back for off-street parking and there is also ample off-street parking Water utility is shared between units all others are separate Close proximity to schools and public transportation This property offers excellent rental potential in a growing area. Don't miss out on this incredible opportunity to own a versatile investment property in Rockford, IL. Schedule a showing today!

Last Agent to Sell the Property

Zarrick Stinson

Weichert Realtors - Tovar Properties License #475.207337 Listed on: 08/08/2024

Weichert Realtors - Tovar Properties

Last Buyer's Agent

Nicholas Suchoski

Keller Williams Realty Signature License #475204362

Keller Williams Realty Signature

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,617

Year Built

  • Built in 1900

Lot Details

  • 5,227

Parking

  • 2 Car Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Siding

Interior Spaces

  • 2,169 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Range

Outdoor Features

  • Deck

Schools

  • R K Welsh Elementary School
  • West Middle School
  • Guilford High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units
  • 2-Story Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,617

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 2169
  • General Features: Deck
  • Legal Description: KIMBALLS ADDN S 44 FT LOTS 1 AND 002 BLOCK 002
  • Lvt Date: 08/08/2024
  • Style: 2 Story
  • Type: 2 Units
  • Number Of Floors In Bldg: 2
  • Number Of Units In Bldg: 2
  • Agent Only_ L A1 User Code: 111101
  • Elementary School: R K Welsh Elementary
  • Estimated Total Finished Sq Ft: 2169
  • Hold Earnest Money Y N: No
  • Pertinent Facts: Welcome to this well-maintained 2-unit multi-family property, perfectly situated in a desirable Rockford neighborhood. Offering both comfort and convenience, this property is ideal for investors or homeowners looking for additional rental income. Unit 1: Spacious 2-bedroom, 1-bathroom layout Bright and airy living room with large windows With appliances and ample cabinet space Hardwood floors throughout Private basement access with laundry hookups Private entry and porch in the back Unit 2: Comfortable 3-bedroom, 1-bathroom layout kitchen with appliances Hardwood floors throughout Separate entry for privacy Second floor has back deck. Property Highlights: Property has been updated with new water heater and new furnace No garage but there is space in the back for off-street parking and there is also ample off-street parking Water utility is shared between units all others are separate Close proximity to schools and public transportation This property offers excellent rental potential in a growing area. Don't miss out on this incredible opportunity to own a versatile investment property in Rockford, IL. Schedule a showing today!
  • Designated Managing Broker Y N: Yes
  • Separate Electric: Yes
  • Separate Heat: Yes
  • Separate Water Y N: No
  • Washer Dryer Coin Operated: No
  • Washer Dryer Hookups: No
  • Washer Dryer: No
  • Estimated Above Grade Sq Ft: 2169
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Type: Full
  • Basement: Yes

Exterior Features

  • Exterior: Siding
  • Roof: Shingle

Garage/Parking

  • Total Numberof Parking Spaces: 2

Utilities

  • Cooling: Window Unit
  • Heating: Forced Air
  • Sewer: City
  • Water: City
  • Water Heater: Gas
  • Separate Utilities: Yes

Building Info

  • Year Built: 1900

Tax Info

  • Year: 2023
  • Taxes: 1617

MLS Schools

  • HighSchool: Guilford High
  • School District: Rockford 205
  • Middle School: West Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2024
Closed on
Nov 12, 2024
Sold by
Stanford Thomas
Bought by
Ward Susan
Seller's Agent
Zarrick Stinson
Weichert Realtors - Tovar Properties
Buyer's Agent
Nicholas Suchoski
Keller Williams Realty Signature
List Price
$109,900
Sold Price
$80,000
Premium/Discount to List
-$29,900
-27.21%
Views
79
Current Estimated Value
$88,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,404
Avg. Annual Appreciation
9.69%
Original Mortgage
$60,000
Outstanding Balance
$59,541
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$28,863

Purchase Details

Closed on
Jan 3, 2019
Sold by
Inoc Llc
Bought by
Stanford Thomas

Purchase Details

Closed on
Oct 11, 2018
Sold by
Mo Seven Llc
Bought by
Inoc Llc

Purchase Details

Closed on
Apr 30, 2014
Bought by
Mo Seven Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ward Susan $80,000 None Listed On Document
Stanford Thomas $5,000 Meridian Title
Stanford Thomas $5,000 New Title Company Name
Inoc Llc -- None Listed On Document
Mo Seven Llc $5,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ward Susan $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2024 11/14/24 Sold $80,000 -19.9% $37 / Sq Ft
10/07/2024 10/07/24 Pending -- -- --
09/10/2024 09/10/24 Price Changed $99,900 -9.1% $46 / Sq Ft
08/08/2024 08/08/24 For Sale $109,900 -- $51 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,126 $22,432 $717 $21,715
2023 $1,617 $15,576 $632 $14,944
2022 $1,387 $12,142 $565 $11,577
2021 $1,365 $11,133 $518 $10,615
2020 $1,353 $10,525 $490 $10,035
2019 $1,344 $10,031 $467 $9,564
2018 $1,649 $10,147 $440 $9,707
2017 $1,441 $9,711 $421 $9,290
2016 $1,827 $12,092 $413 $11,679
2015 $1,850 $12,092 $413 $11,679
2014 $1,855 $12,469 $518 $11,951
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202404282

NorthWest Illinois Alliance of REALTORS®

APN: 11-14-354-011