NOT LISTED FOR SALE

1224 N Main St Unit 1226 N Main Street Rockford, IL 61103

Signal Hill Neighborhood
11 Beds
8 Baths
3,284 Sq Ft
1926 Built

Last Sold February 06, 2020

Last sale price $170,000 $52 Per Sq Ft

124 Days on Market

About This Home

As of February 2020

Seller Motivated! Possible owner financing by holding back 2nd mortgage or assisting with closing credits. Two brick 4 units buildings next to each other. 1224 N Main has 4 - 1 bedrooms, heat paid by tenants. There is an additional building in rear used for storage. 1226 N Main has 3-2 bedrooms units and 1-1 bedroom unit, electric heat paid by tenants. In this building there is a washer and dryer owned by tenant. Bldgs have two newer gas hot water heaters. Both units fully rented. Total Monthly Rent $4025.00 Total Monthly expenses $1624.00 Annual Totals: Yearly Income $48,300 Total expenses including taxes on both buildings $7,712. Yearly expense $19,488 Net Operating Income $28,812 ( stoves and refrigerators stay except 1 unit lower 1226 owns both stove and refrigerator.

Last Agent to Sell the Property

Jan Yianibas

Re/Max Property Source License #475101761 Listed on: 09/27/2019

Re/Max Property Source

Last Buyer's Agent

Jorge DaSilva

Key Realty, Inc License #475181452

Key Realty, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,706

Year Built

  • Built in 1926

Home Design

  • Brick or Stone Mason
  • Shingle Roof

Interior Spaces

  • 3,284 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Stove

Parking

  • 8 Car Parking Spaces
  • Additional Parking

Schools

  • District 205-Rfd Elementary And Middle School
  • District 205-Rfd High School

Utilities

  • Baseboard Heating
  • Separate Meters
  • Gas Water Heater

Community Details

  • 8 Units
  • 2-Story Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,706

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 3284
  • Front: 159.62
  • General Features: Additional Parking
  • Grid: 18
  • Legal Description: Vanstons Add ( Exc that pt to state by 00-17984) Lot 1&2 Haeggs Sub PT Sec 14-44-1 (Ex that PT to state by 00-39867) Lot 1 Block 1
  • Lvt Date: 09/27/2019
  • Rear: 107.7
  • Side 1: 149.12
  • Side 2: 252.52
  • Style: 2 Story
  • Type: 5+ Units
  • Total Assessed Value: 25,190
  • Annual Insurance Expense: 2400
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 8
  • Number Of Units In Bldg: 8
  • Potential Income: 48300
  • Utilities Yr: 860
  • Agent Only_ L A1 User Code: 3664
  • Elementary School: District 205-RFD
  • Pertinent Facts: Seller Motivated! Possible owner financing by holding back 2nd mortgage or assisting with closing credits. Two brick 4 units buildings next to each other. 1224 N Main has 4 - 1 bedrooms, heat paid by tenants. There is an additional building in rear used for storage. 1226 N Main has 3-2 bedrooms units and 1-1 bedroom unit, electric heat paid by tenants. In this building there is a washer and dryer owned by tenant. Bldgs have two newer gas hot water heaters. Both units fully rented. Total Monthly Rent $4025.00 Total Monthly expenses $1624.00 Annual Totals: Yearly Income $48,300 Total expenses including taxes on both buildings $7,712. Yearly expense $19,488 Net Operating Income $28,812 ( stoves and refrigerators stay except 1 unit lower 1226 owns both stove and refrigerator.
  • L O1 Brokerage Number: 478026414
  • S O1 Brokerage Number: 477012769
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Type: Full
  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone
  • Roof: Shingle

Garage/Parking

  • Total Numberof Parking Spaces: 8

Utilities

  • Heating: Baseboard, Electric
  • Sewer: City
  • Water: City
  • Water Heater: Gas
  • Separate Utilities: Yes

Schools

  • School District: Rockford 205
  • Elementary School: District 205-RFD
  • Middle School: District 205-RFD
  • High School: District 205-RFD

Building Info

  • Year Built: 1926

Tax Info

  • Year: 2018
  • Taxes: 7706

MLS Schools

  • HighSchool: District 205-RFD
  • School District: Rockford 205
  • Middle School: District 205-RFD

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2020 02/06/20 Sold $170,000 -2.9% $52 / Sq Ft
01/29/2020 01/29/20 Pending -- -- --
01/02/2020 01/02/20 For Sale $175,000 +2.9% $53 / Sq Ft
01/01/2020 01/01/20 Off Market $170,000 -- --
12/14/2019 12/14/19 Price Changed $175,000 -2.8% $53 / Sq Ft
12/10/2019 12/10/19 For Sale $180,000 0.0% $55 / Sq Ft
12/09/2019 12/09/19 Pending -- -- --
11/26/2019 11/26/19 Price Changed $180,000 -2.7% $55 / Sq Ft
11/07/2019 11/07/19 Price Changed $185,000 -5.1% $56 / Sq Ft
10/29/2019 10/29/19 Price Changed $195,000 -4.9% $59 / Sq Ft
09/27/2019 09/27/19 For Sale $205,000 -- $62 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jan Yianibas

    Seller's Agent in 2020

    Jan Yianibas

    RE/MAX

    (815) 222-5205

    1 in this area

    77 Total Sales

    Section Image
  • Jorge DaSilva

    Buyer's Agent in 2020

    Jorge DaSilva

    Key Realty, Inc

    (815) 979-7559

    3 in this area

    128 Total Sales

    Section Image
See All Agents

Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 201906275

NorthWest Illinois Alliance of REALTORS®

Illinois Winnebago County Rockford 61103 Signal Hill

1224 N Main St Unit 1226 N Main Street, Rockford, IL

This home is located at 1224 N Main St Unit 1226 N Main Street, Rockford, IL 61103 since 27 September 2019. This property was built in 1926. 1224 N Main St Unit 1226 N Main Street is a home located in Winnebago County with nearby schools including Ellis Elementary School, West Middle School, and Auburn High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NorthWest Illinois Alliance of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes