NOT LISTED FOR SALE

1201 Avenue A Rock Falls, IL 61071

Estimated Value: $189,000

12 Beds
6 Baths
-- Sq Ft
0.29 Acres Lot

Sale Details

Date Sold: June 29, 2021

Last sale price $200,000

Est. 6% decrease in value since last sale

Current estimated payment $1,214 / mo

12 Days on Market

About This Home

As of June 2021

Cash flowing investment opportunity! *Part of a larger investment portfolio* ... This 3 story building features 6, 2 bedroom, units featuring interior hallways and stairs. Each unit includes a stove, fridge, wall A/C unit, and washer/dryer hookups. All electric heating and open/off street parking available.

Last Agent to Sell the Property

JD Gieson

RE/MAX of Rock Valley License #475189224 Listed on: 04/22/2021

RE/MAX of Rock Valley

Last Buyer's Agent

JD Gieson

RE/MAX of Rock Valley License #475189224 Listed on: 04/22/2021

RE/MAX of Rock Valley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,210

Year Built

  • Built in 1976

Lot Details

  • 12,632 Sq Ft Lot
  • Lot Dimensions are 140x90

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Slab Foundation

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, sewer

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $761
  • Insurance Expense $1,743
  • Water Sewer Expense $76
  • Operating Expense $19,213
  • Gross Income $31,073
  • Net Operating Income $14,881

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,210

Year Built

Built in 1976

Lot Details

0.29 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1976
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 12
  • Basement Description: Slab
  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 0
  • Room: 0

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Electric

Fee Information

  • Water Sewer Expenses: 76

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.29
  • Lot Dimensions: 140X90

Rental Info

  • Tenant Pays: Electricity, Sewer
  • Board Number: 19

Multi Family

  • Net Operating Income: 14881
  • Insurance Expense: 1743
  • ElectricExpense: 761
  • GrossIncome: 31073
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 19213
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 6210
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2024
Sold by
Sa House Rentals Llc
Bought by
Rentco Llc
Current Estimated Value
$189,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,344,000
Outstanding Balance
$1,311,098
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 22, 2021
Closed on
Jun 29, 2021
Sold by
H & H Rental Props Llc
Bought by
Sa House Rentals Llc
Seller's Agent
JD Gieson
RE/MAX of Rock Valley
Buyer's Agent
JD Gieson
RE/MAX of Rock Valley
List Price
$210,000
Sold Price
$200,000
Premium/Discount to List
-$10,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Rentco Llc $1,344,000 None Listed On Document
Rentco Llc $1,344,000 None Listed On Document
Sa House Rentals Llc $720,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Rentco Llc $1,344,000
Closed Rentco Llc $1,344,000
Previous Owner Sa House Rentals Llc $620,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2021 06/29/21 Sold $200,000 -4.8% --
05/04/2021 05/04/21 Pending -- -- --
04/22/2021 04/22/21 For Sale $210,000 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $5,801 $52,816 $5,882 $46,934
2024 $5,793 $52,816 $5,882 $46,934
2023 $5,924 $52,816 $5,882 $46,934
2022 $6,107 $52,816 $5,882 $46,934
2021 $6,208 $52,816 $5,882 $46,934
2020 $6,324 $52,816 $5,882 $46,934
2019 $6,210 $52,816 $5,882 $46,934
2018 $5,809 $51,639 $5,751 $45,888
2017 $5,917 $51,639 $5,751 $45,888
2016 $5,906 $51,639 $5,751 $45,888
2015 $56 $51,639 $5,751 $45,888
2014 $5,679 $51,639 $5,751 $45,888
2013 $56 $51,639 $5,751 $45,888
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11063239

Midwest Real Estate Data (MRED)

APN: 1134110014

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