Seller's Agent in 2025
Rebecca Adams
Re/Max of Rock Valley
(815) 509-5837
100 in this area
179 Total Sales
--
Bed
--
Bath
3,055
Sq Ft
0.26
Acres
Highlights
- Baseboard Heating
- Mary Morgan Elementary School Rated A
- 3-minute walk to National Park Service
About This Home
As of August 2025Investment 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
Re/Max of Rock Valley License #475131258 Listed on: 06/09/2025
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
- Shake Siding
- 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
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
| 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 | $6,935 | $81,338 | $3,928 | $77,410 |
| 2023 | $6,520 | $77,325 | $3,734 | $73,591 |
| 2022 | $6,149 | $71,710 | $3,463 | $68,247 |
| 2021 | $6,063 | $68,648 | $3,315 | $65,333 |
| 2020 | $5,592 | $67,302 | $3,250 | $64,052 |
| 2019 | $5,611 | $65,184 | $3,148 | $62,036 |
| 2018 | $5,613 | $63,501 | $3,067 | $60,434 |
| 2017 | $5,554 | $63,501 | $3,067 | $60,434 |
| 2016 | $5,223 | $62,336 | $3,011 | $59,325 |
| 2015 | $4,975 | $60,345 | $2,915 | $57,430 |
| 2014 | $4,911 | $60,345 | $2,915 | $57,430 |
| 2013 | $4,862 | $61,121 | $2,952 | $58,169 |
Source: Public Records
Agents Affiliated with this Home
-
Rebecca Adams
-
Araceli Ortiz
Buyer's Agent in 2025
Araceli Ortiz
Compass
(847) 594-2560
1 in this area
57 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12388598
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