NOT LISTED FOR SALE

1608 E Rock Falls Rd Rock Falls, IL 61071

Estimated Value: $532,793

-- Bed
-- Bath
16,000 Sq Ft
$33/Sq Ft Est. Value

Last Sold June 05, 2023

Last sale price $640,000 $40 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $3,533/month

51 Days on Market

Highlights

  • Deck
  • Patio
  • Heating Available
  • Air Conditioning
  • Storage Shed

About This Home

As of June 2023

Looking for a long term, excellent investment with 13 apartment units and 36 storage units?? The apartments were built in 1995, are in two buildings, very seldom vacant, and rents that average about $9000.00 total per month. A number of the units have been recently renovated with new flooring, paint, and appliances. Apartment square footages range from 450 square feet to 900 square feet. The two self-storage units are all steel roofed, have square footages from 100 square feet up to 400 square feet and were built in 2005. All four buildings and the two adjacent lots are included in the sale. These units are located on Route 30, 3 miles West of I-80 and easily accessed from I-88. They have high returns, a great rental history, and are well built and maintained. The septic was recently pumped and the well was checked.

Last Agent to Sell the Property

KAREN SENIOR

Wingert Real Estate LLC License #475071562 Listed on: 04/05/2023

Last Buyer's Agent

Jonathan Gieson

Re/Max of Rock Valley License #475189225

Re/Max of Rock Valley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,076

Year Built

  • Built in 2005

Lot Details

  • 1.99

Home Design

  • Slab Foundation
  • Shingle Roof
  • Metal Roof
  • Siding

Interior Spaces

  • 16,000 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Oven
  • Stove
  • Range

Parking

  • 13 Car Parking Spaces
  • Additional Parking

Outdoor Features

  • Deck
  • Patio
  • Storage Shed

Utilities

  • Air Conditioning
  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Well
  • Electric Water Heater
  • Septic System

Community Details

  • 13 Units
  • 2-Story Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,076

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop, Oven
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 8000
  • Front: 186.04
  • General Features: Additional Parking, Deck, Patio, Storage Shed
  • Grid: Whiteside County
  • Legal Description: YEOWARD & KAUFMAN 1 ST ADD LOTS 12 & 13
  • Lvt Date: 04/05/2023
  • Rear: 185.71
  • Side 1: 478.37
  • Side 2: 458.98
  • Style: 2 Story
  • Type: 5+ Units
  • Annual Insurance Expense: 3501
  • Maintenance Yr: 9100
  • Management Yr: 5285
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 13
  • Number Of Units In Bldg: 13
  • Other Yr: 7176
  • Potential Income: 92410
  • Utilities Yr: 14916
  • Agent Only_ L A1 User Code: F_163
  • Elementary School: Other/Outside Area
  • Estimated Total Finished Sq Ft: 16000
  • Hold Earnest Money Y N: No
  • Pertinent Facts: Looking for a long term, excellent investment with 13 apartment units and 36 storage units?? The apartments were built in 1995, are in two buildings, very seldom vacant, and rents that average about $9000.00 total per month. A number of the units have been recently renovated with new flooring, paint, and appliances. Apartment square footages range from 450 square feet to 900 square feet. The two self-storage units are all steel roofed, have square footages from 100 square feet up to 400 square feet and were built in 2005. All four buildings and the two adjacent lots are included in the sale. These units are located on Route 30, 3 miles West of I-80 and easily accessed from I-88. They have high returns, a great rental history, and are well built and maintained. The septic was recently pumped and the well was checked.
  • Designated Managing Broker Y N: No
  • Potential Annual Expenses: 46648.00
  • Separate Electric: No
  • Separate Heat: No
  • Separate Water Y N: No
  • Washer Dryer Coin Operated: No
  • Washer Dryer Hookups: Yes
  • Washer Dryer: No
  • Estimated Above Grade Sq Ft: 16000
  • L O1 Brokerage Number: 481013636
  • S O1 Brokerage Number: 478026891
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Type: Slab
  • Price Per Sq Ft: 40

Exterior Features

  • Exterior: Siding
  • Roof: Shingle, Metal

Garage/Parking

  • Total Numberof Parking Spaces: 13

Utilities

  • Cooling: Wall Unit
  • Heating: Electric
  • Sewer: Septic
  • Water: Well
  • Water Heater: Electric

Building Info

  • Year Built: 2005

Tax Info

  • Year: 2021
  • Taxes: 8076

MLS Schools

  • HighSchool: Other/Outside Area
  • School District: Other/Outside Area
  • Middle School: Other/Outside Area

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2023
Closed on
May 26, 2023
Sold by
Ll 1608 E Rock Falls Rd Llc
Bought by
Kelly Gang Llc
Seller's Agent
KAREN SENIOR
Wingert Real Estate LLC
Buyer's Agent
Jonathan Gieson
Re/Max of Rock Valley
List Price
$715,000
Sold Price
$640,000
Premium/Discount to List
-$75,000
-10.49%
Views
81
Current Estimated Value
$532,793

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$107,207
Avg. Annual Appreciation
-7.37%

Purchase Details

Closed on
Feb 8, 2022
Sold by
Mopo Llc
Bought by
Ll 1608 E Rock Falls Rd Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2017
Sold by
Byron Bank
Bought by
Mopo Llc Leasing Series 3
Source: Public Records

Range of Values:

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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
Kelly Gang Llc -- None Listed On Document
Ll 1608 E Rock Falls Rd Llc $450,000 None Listed On Document
Mopo Llc Leasing Series 3 $245,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ll 1608 E Rock Falls Rd Llc $360,000
Previous Owner Tyler Paul D $28,500
Previous Owner Tyler Paul D $35,302
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2023 06/05/23 Sold $640,000 -10.5% $40 / Sq Ft
04/05/2023 04/05/23 For Sale $715,000 -- $45 / 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 $7,558 $87,530 $8,000 $79,530
2023 $7,655 $87,530 $8,000 $79,530
2022 $7,802 $87,530 $8,000 $79,530
2021 $8,076 $87,530 $8,000 $79,530
2020 $8,108 $87,530 $8,000 $79,530
2019 $8,164 $87,530 $8,000 $79,530
2018 $7,937 $87,530 $8,000 $79,530
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    KAREN SENIOR

    Wingert Real Estate LLC

    (815) 275-5633

    71 Total Sales

    KAREN SENIOR
    Section Image
  • Jonathan Gieson

    Buyer's Agent in 2023

    Jonathan Gieson

    RE/MAX

    (815) 677-1873

    481 Total Sales

    Jonathan Gieson
    Section Image
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202301509

NorthWest Illinois Alliance of REALTORS®

APN: 1702126024

Illinois Whiteside County Rock Falls 61071

1608 E Rock Falls Rd, Rock Falls, IL

This home is located at 1608 E Rock Falls Rd, Rock Falls, IL 61071 since 05 April 2023 and is currently estimated at $532,793, approximately $33 per square foot. This property was built in 2005. 1608 E Rock Falls Rd is a home located in Whiteside County with nearby schools including East Coloma - Nelson Elementary School, Rock Falls Township High School, and St. Andrew Catholic Elementary 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.

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