NOT LISTED FOR SALE

1707 School St Rockford, IL 61101

West Gateway Coalition Neighborhood
16 Beds
8 Baths
7,056 Sq Ft
0.3 Acres

Last Sold May 05, 2016

Last sale price $45,000 $6 Per Sq Ft

370 Days on Market

Highlights

  • Brick or Stone Mason
  • Forced Air Heating System
  • 4-minute walk to Andrews Park

About This Home

As of May 2016

Great 9.6 Cap Rate. Laundry Produces Super Income. Close Before August 30, 2015 And Extra Lot Is Included. Apartment Updates Include Beautiful New Oak Cupboards And Floors. Very High Occupancy Rate. Onsite Manager. "FIRE SALE MOSLY SMOKE DAMAGE"

Last Agent to Sell the Property

Gregory Hackman

Gregory Hackman Realtors License #471012339 Listed on: 04/01/2015

Last Buyer's Agent

Pat Sullivan

DICKERSON & NIEMAN License #475132430

DICKERSON & NIEMAN

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 0.3

Home Design

  • Brick or Stone Mason
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Stove

Parking

  • 20 Car Parking Spaces
  • Additional Parking

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Community Details

  • 8 Units
  • 2-Story Building

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop, Oven
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 7056
  • Estimated Below Grade Finished Sq Ft: 7056
  • Front: 178.75
  • General Features: Additional Parking, Main Floor Master
  • Legal Description: andrews park sub pt 5 pl lot 26 sec 16-44-1 exc pt to city 69-1
  • Rear: 178.75
  • Side 1: 130
  • Side 2: 130
  • Style: 2 Story
  • Type: 5+ Units
  • Total Assessed Value: 39511
  • Calculate Cap Rate: Yes
  • Legal Account Yr: 500
  • Maintenance Yr: 3000
  • Management Yr: 1200
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 8
  • Number Of Units In Bldg: 8
  • Utilities Yr: 3500
  • Agent Only_ L A1 User Code: 3142
  • Elementary School: District 205-RFD
  • Pertinent Facts: Great 9.6 Cap Rate. Laundry Produces Super Income. Close Before August 30, 2015 And Extra Lot Is Included. Apartment Updates Include Beautiful New Oak Cupboards And Floors. Very High Occupancy Rate. Onsite Manager. "FIRE SALE MOSLY SMOKE DAMAGE"
  • 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: 20

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: City
  • Water: City
  • Water Heater: Gas
  • Separate Utilities: Yes

Fee Information

  • Less Vacancy: 41040

Schools

  • Elementary School #2: District 205-RFD

Building Info

  • Year Built: 1967

Tax Info

  • Year: 2013
  • Taxes: 10764

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

Closed on
Feb 22, 2021
Sold by
Bageanis Louis G
Bought by
Five Saints West Llc

Purchase Details

Listed on
Apr 1, 2015
Closed on
May 3, 2016
Sold by
Mitul Patel and Mitul Alpesh
Bought by
Bageanis Louis
Seller's Agent
Gregory Hackman
Gregory Hackman Realtors
Buyer's Agent
Pat Sullivan
DICKERSON & NIEMAN
List Price
$239,900
Sold Price
$45,000
Premium/Discount to List
-$194,900
-81.24%

Purchase Details

Closed on
Jun 20, 2005
Bought by
Patel Mitual and Patel Alpesh
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Five Saints West Llc -- None Listed On Document
Five Saints West Llc -- None Listed On Document
Bageanis Louis $45,000 Title Underwriters Agency
Patel Mitual $242,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2016 05/05/16 Sold $45,000 -81.2% $6 / Sq Ft
04/05/2016 04/05/16 Pending -- -- --
04/01/2015 04/01/15 For Sale $239,900 -- $34 / 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 $8,396 $88,603 $3,721 $84,882
2023 $9,717 $93,582 $3,281 $90,301
2022 $9,557 $83,645 $2,933 $80,712
2021 $9,400 $76,696 $2,689 $74,007
2020 $9,323 $72,505 $2,542 $69,963
2019 $9,258 $69,105 $2,423 $66,682
2018 $9,293 $65,125 $2,283 $62,842
2017 $2,225 $15,000 $2,185 $12,815
2016 $1,392 $9,218 $2,203 $7,015
2015 $4,555 $59,555 $2,203 $57,352
2014 $10,842 $72,364 $2,204 $70,160
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2016

    Gregory Hackman

    Gregory Hackman Realtors

    Section Image

  • P

    Buyer's Agent in 2016

    Pat Sullivan

    DICKERSON & NIEMAN

    (815) 218-1534

    2 in this area

    76 Total Sales

    Pat Sullivan
    Section Image
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 201501723

NorthWest Illinois Alliance of REALTORS®

APN: 11-16-487-011

Illinois Winnebago County Rockford 61101 West Gateway Coalition

1707 School St, Rockford, IL

Not Listed for Sale

MultiFamily

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