NOT LISTED FOR SALE

Estimated Value: $71,811

2 Beds
4 Baths
3,485 Sq Ft
$21/Sq Ft Est. Value

Last Sold September 12, 2022

Last sale price $58,000 $17 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $454/month

Highlights

  • Brick or Stone Mason
  • Laundry Facilities
  • Washer and Dryer
  • Forced Air Heating System

About This Home

As of September 2022

Historic and centrally located 3-unit residential/commercial building in downtown Rockford! The first level is a store front perfect for business use. The second floor is set up for a possible dance studio and features lots of open space. The top floor is a 2 bedroom/2 bath apartment with tall ceilings loft/city style living room area! Laundry hook-up in the unit. Lots of work needed, but great income potential! Roofs have been redone (2016). SOLD AS-IS.

Last Agent to Sell the Property

Fidel Batres

Keller Williams Realty Signature License #475133262 Listed on: 04/12/2022

Keller Williams Realty Signature

Co-Listed By

Yanet Escobedo

Smart Home Realty License #475194708

Last Buyer's Agent

NON-NWIAR Member

NorthWest Illinois Alliance of REALTORS®

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,083

Lot Details

  • 3,485

Home Design

  • Brick or Stone Mason

Interior Spaces

  • 3,485 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House
  • Range
  • Washer and Dryer

Parking

  • 2 Car Parking Spaces
  • Additional Parking

Schools

  • Kishwaukee Elementary School
  • Abraham Lincoln Middle School
  • Rockford East High School

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Separate Water Meter
  • Electric Water Heater

Community Details

Overview

  • 3 Units
  • 3-Story Building

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,083

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 3485
  • Front: 22
  • General Features: Additional Parking, Laundry in Building
  • Grid: 71
  • Legal Description: PLAT OF SUBD LOTS 6-7-8+9 BLK 28 + LOTS 1-2+8 BLK 29 GREGORYS ADDN S 22 FT LOT 005 BLOCK 029
  • Lvt Date: 04/12/2022
  • Rear: 22
  • Side 1: 157.08
  • Side 2: 157.08
  • Style: 3+ Story
  • Type: 3 - 4 Units
  • Annual Insurance Expense: 1400
  • Number Of Floors In Bldg: 3
  • Number Of Units In Bldg: 3
  • Agent Only_ L A1 User Code: 6028
  • Elementary School: Kishwaukee Elementary
  • Estimated Total Finished Sq Ft: 3485
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: Historic and centrally located 3-unit residential/commercial building in downtown Rockford! The first level is a store front perfect for business use. The second floor is set up for a possible dance studio and features lots of open space. The top floor is a 2 bedroom/2 bath apartment with tall ceilings loft/city style living room area! Laundry hook-up in the unit. Lots of work needed, but great income potential! Roofs have been redone (2016). SOLD AS-IS.
  • Designated Managing Broker Y N: No
  • Separate Electric: Yes
  • Separate Heat: Yes
  • Separate Water Y N: Yes
  • Washer Dryer Coin Operated: No
  • Washer Dryer Hookups: Yes
  • Washer Dryer: Yes
  • Estimated Above Grade Sq Ft: 3485
  • L O1 Brokerage Number: 481011083
  • L O2 Brokerage Number: 481011083
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Type: Full
  • Price Per Sq Ft: 16.64
  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone

Garage/Parking

  • Total Numberof Parking Spaces: 2

Utilities

  • Heating: Forced Air
  • Sewer: City
  • Water: City
  • Water Heater: Electric
  • Separate Utilities: Yes

Schools

  • School District: Rockford 205
  • Elementary School: Kishwaukee Elementary
  • Middle School: Abraham Lincoln Middle
  • High School: Rockford East High

Tax Info

  • Year: 2020
  • Taxes: 2083

MLS Schools

  • HighSchool: Rockford East High
  • School District: Rockford 205
  • Middle School: Abraham Lincoln Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2022
Closed on
Sep 8, 2022
Sold by
Olivo Nicolas Federico
Bought by
Mesurovic Merim
Seller's Agent
Fidel Batres
Keller Williams Realty Signature
Buyer's Agent
NON-NWIAR Member
NorthWest Illinois Alliance of REALTORS®
List Price
$65,000
Sold Price
$58,000
Premium/Discount to List
-$7,000
-10.77%
Current Estimated Value
$71,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,811
Avg. Annual Appreciation
5.64%
Source: Public Records

Range of Values:

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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
Mesurovic Merim $58,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2022 09/12/22 Sold $58,000 -10.8% $17 / Sq Ft
08/25/2022 08/25/22 Pending -- -- --
08/17/2022 08/17/22 For Sale $65,000 0.0% $19 / Sq Ft
08/08/2022 08/08/22 Pending -- -- --
07/21/2022 07/21/22 Price Changed $65,000 -9.7% $19 / Sq Ft
06/01/2022 06/01/22 For Sale $72,000 0.0% $21 / Sq Ft
05/18/2022 05/18/22 Pending -- -- --
04/12/2022 04/12/22 For Sale $72,000 +20.0% $21 / Sq Ft
03/04/2022 03/04/22 Sold $60,000 +0.2% $11 / Sq Ft
02/22/2022 02/22/22 Pending -- -- --
02/12/2022 02/12/22 For Sale $59,900 0.0% $11 / Sq Ft
02/01/2022 02/01/22 Pending -- -- --
01/27/2022 01/27/22 For Sale $59,900 +227.3% $11 / Sq Ft
07/30/2014 07/30/14 Sold $18,300 0.0% --
06/09/2014 06/09/14 Pending -- -- --
06/06/2014 06/06/14 Off Market $18,300 -- --
01/14/2014 01/14/14 Price Changed $26,500 -24.1% --
12/10/2013 12/10/13 For Sale $34,900 -- --
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 $2,247 $23,715 $6,385 $17,330
2023 $2,171 $20,911 $5,630 $15,281
2022 $2,167 $18,690 $5,032 $13,658
2021 $2,100 $17,137 $4,614 $12,523
2020 $2,083 $16,201 $4,362 $11,839
2019 $2,069 $15,441 $4,157 $11,284
2018 $1,505 $14,551 $3,917 $10,634
2017 $2,066 $13,926 $3,749 $10,177
2016 $1,359 $8,999 $3,679 $5,320
2015 $933 $6,100 $3,680 $2,420
2014 $4,293 $28,858 $3,680 $25,178
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202202075

NorthWest Illinois Alliance of REALTORS®

APN: 11-26-233-005