200 N Washington St Rochelle, IL 61068
Estimated payment $2,247/month
About This Home
A fantastic investment opportunity is now available in Rochelle, IL—a 5-unit commercial/multifamily brick building located in a prime downtown location, just minutes from I-39. This property offers excellent cash flow with minimal expenses for the landlord, making it an ideal low-maintenance asset. All units feature separate utilities, and the units are recently updated with all kitchen appliances staying. The building boasts a strong rental history with consistent occupancy. With very little upkeep required, this is a turnkey opportunity perfect for investors seeking reliable income in a growing market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,302
Year Built
- Built in 1940
Home Design
- Brick or Stone Mason
- Rubber Roof
Interior Spaces
- 6,984 Sq Ft Home
- 2-Story Property
- Partial Basement
Kitchen
- Stove
- Range
Schools
- Rochelle Elementary School
- Rochelle Middle School
- Rochelle High School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Heating System Uses Natural Gas
- Radiant Heating System
- Separate Meters
- Electric Water Heater
Community Details
- 5 Units
- 2-Story Building
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,513 | $39,916 | $5,494 | $34,422 |
| 2023 | $3,302 | $37,357 | $5,142 | $32,215 |
| 2022 | $3,311 | $35,548 | $4,893 | $30,655 |
| 2021 | $3,148 | $32,839 | $4,520 | $28,319 |
| 2020 | $3,029 | $31,275 | $4,305 | $26,970 |
| 2019 | $2,973 | $30,737 | $4,231 | $26,506 |
| 2018 | $2,901 | $30,134 | $4,148 | $25,986 |
| 2017 | $2,342 | $24,674 | $4,148 | $20,526 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/08/2025 09/08/25 | Price Changed | $370,000 | -3.9% | $53 / Sq Ft |
| 04/24/2025 04/24/25 | For Sale | $385,000 | -- | $55 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Sheriffs Deed | $75,000 | -- | |
| Warranty Deed | $382,500 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $4,000,000 | Commercial | |
| Closed | $1,215,000 | New Conventional | |
| Previous Owner | $70,000 | Credit Line Revolving | |
| Previous Owner | $286,875 | Future Advance Clause Open End Mortgage |
Source: NorthWest Illinois Alliance of REALTORS®
MLS Number: 202502017
APN: 24-24-385-008
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