NOT LISTED FOR SALE

Estimated Value: $102,000 - $222,888

-- Bed
4 Baths
3,162 Sq Ft
$58/Sq Ft Est. Value

Last Sold January 06, 2023

Last sale price $174,000 $55 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,382/month

131 Days on Market

Highlights

  • Brick or Stone Mason
  • Baseboard Heating
  • Laundry Facilities

About This Home

As of January 2023

ALL BRICK, LOW MAINTENANCE 4 UNIT! BRAND NEW ROOF (COMPLETE TEAR OFF) AND GUTTERS 6/22. ONE WATER HEATER FOR THE WHOLE BUILDING, 2YO. BASEBOARD ELECTRIC HEAT, ALL TENANTS PAY THEIR OWN ELECTRIC. OFF STREET PARKING LOT. UNIT 1 (2BED) COMPLETELY REMODELED 4/21 AND IS BEING USED AS AN AIR B&B CONSISTENTLY MAKING $1100+/MO. THIS UNIT WILL BE SOLD FURNISHED AS IS. COIN LAUNDRY ADDS ANOTHER $100/MO. LONG TERM TENANTS. MORE UPDATES INCLUDE NEW BATHROOM IN UNIT 3, NEWER FLOORING, ALL OTHER UNITS HAVE NEW TOILETS AS WELL.

Last Agent to Sell the Property

Carrie DuMelle

Weichert Realtors - Tovar Properties License #475162714 Listed on: 07/07/2022

Weichert Realtors - Tovar Properties

Last Buyer's Agent

Karen Guillen

Re/Max Ignite License #APPLIED FOR

Re/Max Ignite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,050

Year Built

  • Built in 1968

Lot Details

  • 6,534

Home Design

  • Brick or Stone Mason
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Partial Basement

Kitchen

  • Oven
  • Stove
  • Range

Parking

  • 6 Car Parking Spaces
  • Additional Parking

Schools

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

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Separate Meters
  • Electric Water Heater

Community Details

Overview

  • 4 Units
  • 2-Story Building

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,050

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop, Oven
  • Class: MULTIFAMILY
  • Estimated Below Grade Finished Sq Ft: 1581
  • Front: 47.14
  • General Features: Additional Parking, Laundry in Building
  • Grid: 74
  • Legal Description: CITY/MUNI/TWP:ROCKFORD SEC/TWN/RNG/MER:SEC 35 TWN 44 RANGE 1 JOHNSONS SUB PT E1/2 NE1/4 SEC 35-44-1LOT 003 BLOCK 002
  • Lvt Date: 07/07/2022
  • Rear: 47.14
  • Side 1: 143
  • Side 2: 143
  • Style: 2 Story
  • Type: 3 - 4 Units
  • Annual Insurance Expense: 2800
  • Maintenance Yr: 1230
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 3
  • Number Of Units In Bldg: 4
  • Utilities Yr: 2020
  • Agent Only_ L A1 User Code: 110054
  • Elementary School: District 205-RFD
  • Estimated Total Finished Sq Ft: 3162
  • Hold Earnest Money Y N: No
  • Pertinent Facts: ALL BRICK, LOW MAINTENANCE 4 UNIT! BRAND NEW ROOF (COMPLETE TEAR OFF) AND GUTTERS 6/22. ONE WATER HEATER FOR THE WHOLE BUILDING, 2YO. BASEBOARD ELECTRIC HEAT, ALL TENANTS PAY THEIR OWN ELECTRIC. OFF STREET PARKING LOT. UNIT 1 (2BED) COMPLETELY REMODELED 4/21 AND IS BEING USED AS AN AIR B&B CONSISTENTLY MAKING $1100+/MO. THIS UNIT WILL BE SOLD FURNISHED AS IS. COIN LAUNDRY ADDS ANOTHER $100/MO. LONG TERM TENANTS. MORE UPDATES INCLUDE NEW BATHROOM IN UNIT 3, NEWER FLOORING, ALL OTHER UNITS HAVE NEW TOILETS AS WELL.
  • Designated Managing Broker Y N: No
  • Separate Electric: Yes
  • Separate Heat: No
  • Separate Water Y N: No
  • Washer Dryer Coin Operated: No
  • Washer Dryer Hookups: No
  • Washer Dryer: No
  • Estimated Above Grade Sq Ft: 1581
  • L O1 Brokerage Number: 481012053
  • S O1 Brokerage Number: 471020945
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Type: Partial
  • Price Per Sq Ft: 55.03
  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone
  • Roof: Shingle

Garage/Parking

  • Total Numberof Parking Spaces: 6

Utilities

  • Cooling: Window Unit
  • Heating: Baseboard, Electric
  • Sewer: City
  • Water: City
  • Water Heater: Electric
  • 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: 1968

Tax Info

  • Year: 2021
  • Taxes: 4050

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
Jan 6, 2023
Sold by
Ericson Ryan
Bought by
Mejia Victor R
Seller's Agent
Carrie DuMelle
Weichert Realtors - Tovar Properties
Buyer's Agent
Karen Guillen
Re/Max Ignite
List Price
$225,000
Sold Price
$174,000
Premium/Discount to List
-$51,000
-22.67%
Views
24
Current Estimated Value
$184,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,722
Avg. Annual Appreciation
2.75%
Original Mortgage
$121,800
Outstanding Balance
$119,567
Interest Rate
8.99%
Mortgage Type
New Conventional
Estimated Equity
$67,037

Purchase Details

Closed on
Dec 19, 2016
Sold by
Monreal Michael E Trust
Bought by
Ericson Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,875
Interest Rate
3.94%
Mortgage Type
New Conventional
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
Mejia Victor R $174,000 Chicago Title
Ericson Ryan $78,500 Security First Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mejia Victor R $121,800
Previous Owner Ericson Ryan $58,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2023 01/06/23 Sold $174,000 -15.1% $55 / Sq Ft
11/15/2022 11/15/22 Pending -- -- --
10/07/2022 10/07/22 Price Changed $205,000 -4.7% $65 / Sq Ft
08/02/2022 08/02/22 Price Changed $215,000 -4.4% $68 / Sq Ft
07/07/2022 07/07/22 For Sale $225,000 0.0% $71 / Sq Ft
07/10/2017 07/10/17 Rented $450 0.0% --
07/10/2017 07/10/17 For Rent $450 -- --
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 $4,334 $45,732 $3,030 $42,702
2023 $4,187 $40,325 $2,672 $37,653
2022 $4,118 $36,043 $2,388 $33,655
2021 $4,051 $33,049 $2,190 $30,859
2020 $4,017 $31,243 $2,070 $29,173
2019 $3,989 $29,778 $1,973 $27,805
2018 $4,018 $28,063 $1,859 $26,204
2017 $3,985 $26,857 $1,779 $25,078
2016 $3,981 $26,354 $1,746 $24,608
2015 $4,031 $26,354 $1,746 $24,608
2014 $5,211 $26,357 $2,183 $24,174
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202204428

NorthWest Illinois Alliance of REALTORS®

APN: 11-35-231-017