$310,000
SOLD AUG 29, 2025

217 E 3rd St Byron, IL 61010

-- Bed
-- Bath
3,055 Sq Ft
0.26 Acres

Recently Sold

$101 Per Sq Ft

17% Below List Price

55 Days on Market

Highlights

  • Baseboard Heating
  • Mary Morgan Elementary School Rated A
  • 3-minute walk to National Park Service

About This Home

As of August 2025

Investment Opportunity - Fully Rented 8-Unit Multifamily Property Near Town! Discover this well-maintained 8-unit multifamily property offering an excellent investment opportunity with consistent rental income. Conveniently located close to town, this property features eight studio apartments, each equipped with a refrigerator, stove, and either a wall or window A/C unit for tenant comfort. The building is thoughtfully designed with four units on the upper level and four on the lower level, connected by central carpeted hallways on each floor. Each unit is separately metered for electricity, allowing tenants to pay their own electric bills. The landlord covers water, sewer, and garbage, simplifying utility management. All units are currently fully rented, making this a turnkey investment with immediate cash flow potential. Whether you're expanding your portfolio or seeking your first multifamily investment, this property offers reliable returns and long-term potential. Don't miss this opportunity!

Last Agent to Sell the Property

Rebecca Adams

Re/Max of Rock Valley License #475131258 Listed on: 06/09/2025

Re/Max of Rock Valley

Last Buyer's Agent

Araceli Ortiz

Compass License #475194149

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,935

Year Built

  • Built in 1974

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 170x215x131

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,055 Sq Ft Home
  • 2-Story Property

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Community Details

Overview

  • 8 Units

Building Details

  • Insurance Expense $3,372
  • Water Sewer Expense $5,331
  • Operating Expense $12,353
  • Gross Income $41,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,935

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1974
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: 36-50 Years
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Possible Use: Multi-Family
  • Fireplaces: 8
  • Dishwashers: 0
  • Refrigerators: 8
  • Ranges: 8
  • Number of Windows: 8
  • Number of Washers: 8
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Shake Siding
  • Foundation Details: Concrete Perimeter
  • List Price: 374900
  • Roof: Rubber
  • Roof Structure: Flat

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Electric,Baseboard

Fee Information

  • Water Sewer Expenses: 5331
  • Janitor Expense: 1350

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.26
  • Lot Dimensions: 170X215X131

Building Info

  • BuildingAreaTotal: 3055

Rental Info

  • Board Number: 5

Multi Family

  • Insurance Expense: 3372
  • GrossIncome: 41280
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 12353
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 6934.58
  • Tax Year: 2024

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2025 08/29/25 Sold $310,000 -17.3% $101 / Sq Ft
08/03/2025 08/03/25 Pending -- -- --
06/24/2025 06/24/25 For Sale $374,900 0.0% $123 / Sq Ft
06/23/2025 06/23/25 Pending -- -- --
06/13/2025 06/13/25 For Sale $374,900 0.0% $123 / Sq Ft
06/10/2025 06/10/25 Pending -- -- --
06/09/2025 06/09/25 For Sale $374,900 -- $123 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12388598

Midwest Real Estate Data (MRED)