JD Gieson
RE/MAX of Rock Valley
(815) 456-8596
490 Total Sales
6 in Byron
$179K - $404K Price Range
217 E 3rd St Byron, IL 61010
Byron Area
Studio
--
Baths
3,055
Sq Ft
0.26
Acre Lot
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
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,935
Year Built
- Built in 1974
Lot Details
- 11,326 Sq Ft 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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Byron, IL
-
JD Gieson
-
Christine Wilke
Christine Wilke
Best Realty
(779) 210-6324
311 Total Sales
11 in Byron
$135K - $885K Price Range
-
Amy Smith-Heine
Amy Smith-Heine
Re/Max Classic
(779) 212-7490
162 Total Sales
2 in Byron
$234,500 Price Range
-
Taylor Miller
Taylor Miller
Re/Max of Rock Valley
(815) 991-4245
152 Total Sales
12 in Byron
$102K - $285K Price Range
-
Nicholas Rhoads
Nicholas Rhoads
HomeSmart Connect LLC
(815) 981-4286
64 Total Sales
1 in Byron
$465,000 Price
-
Amanda Clark
Amanda Clark
Gambino Realtors
(815) 623-0164
119 Total Sales
2 in Byron
$212,000 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $305,000 | None Available |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $6,935 | $89,863 | $4,340 | $85,523 |
| 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
Seller's Agent in 2025
Rebecca Adams
Re/Max of Rock Valley
(815) 509-5837
162 Total Sales
-
Araceli Ortiz
Buyer's Agent in 2025
Araceli Ortiz
Compass
(847) 594-2560
56 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12388598
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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