NOT LISTED FOR SALE

218 E River St Rockton, IL 61072

Estimated Value: $610,284

18 Beds
12 Baths
6,462 Sq Ft
$94/Sq Ft Est. Value

Last Sold August 03, 2021

Last sale price $450,000 $70 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $4,024/month

415 Days on Market

About This Home

As of August 2021

12 Unit Ranch style apartment building with 1 & 2 bedrooms in Rockton a cross the street from River. Great location-great cash flow @$69,600 annual income with room to increase to market rate. New Roof completed in 2013, All of the windows replaced with Jeld-wen windows, 22 exterior doors replaced, cement board siding, lights, soffits fascia & gutters have been updated. Most of the kitchens baths & flooring have also been updated. Expenses $18,835 current net income of $50,765.

Last Agent to Sell the Property

Gerard DuMelle

Weichert Realtors - Tovar Prop License #475134198 Listed on: 04/01/2020

Weichert Realtors - Tovar Prop

Last Buyer's Agent

Gerard DuMelle

Weichert Realtors - Tovar Prop License #475134198 Listed on: 04/01/2020

Weichert Realtors - Tovar Prop

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,960

Year Built

  • Built in 1951

Lot Details

  • 0.6 Acre Lot
  • Lot Dimensions are 164x246

Home Design

  • Membrane Roofing

Interior Spaces

  • 6,462 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 12 Bathrooms

Outdoor Features

  • Courtyard

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $2,000
  • Fuel Expense $3,200
  • Insurance Expense $3,500
  • Trash Expense $750
  • Water Sewer Expense $1,425
  • Operating Expense $18,835
  • Gross Income $69,600
  • Net Operating Income $50,765

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,960

Year Built

Built in 1951

Lot Details

0.6 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Courtyard
  • Stories: 1
  • Year Built: 1951
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12
  • Total Bedrooms: 18
  • Refrigerators: 12
  • Ranges: 12
  • Room: 0

Exterior Features

  • Frontage Type: City Street
  • Roof: Membrane
  • Exterior Building Type: Other

Utilities

  • Cooling: Window Unit(s)
  • Utilities: Sanitary Sewer, Water-Community, Water to Site
  • Heat/Ventilation: Gas

Fee Information

  • Trash Expense: 750
  • Water Sewer Expenses: 1425

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.6
  • Lot Dimensions: 164X246
  • Lot Size Sq Ft: 24831
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 24

Building Info

  • BuildingAreaTotal: 6462

Multi Family

  • Net Operating Income: 50765
  • Fuel Expense: 3200
  • Insurance Expense: 3500
  • ElectricExpense: 2000
  • GrossIncome: 69600
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 18835
  • Type Multi-Family: Courtyard

Tax Info

  • Tax Annual Amount: 7960
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2020
Closed on
Aug 9, 2021
Sold by
Blackhawk Development Group Llc
Bought by
Mk/Geo Ventures Llc-Dutch Door Apts
Seller's Agent
Gerard DuMelle
Weichert Realtors - Tovar Prop
Buyer's Agent
Gerard DuMelle
Weichert Realtors - Tovar Prop
Sold Price
$450,000
Current Estimated Value
$610,284

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,284
Avg. Annual Appreciation
6.80%
Original Mortgage
$337,500
Outstanding Balance
$68,670
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$541,614

Purchase Details

Listed on
Apr 1, 2020
Closed on
Aug 3, 2021
Sold by
Blackhawk Development Group Llc
Bought by
Mk/Geo Ventures Llc-Dutch Door Apts
Seller's Agent
Gerard DuMelle
Weichert Realtors - Tovar Prop
Buyer's Agent
Gerard DuMelle
Weichert Realtors - Tovar Prop
Sold Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Outstanding Balance
$68,670
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$541,614
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mk/Geo Ventures Llc-Dutch Door Apts $450,000 Zimmerman & Walsh Llp
Mk/Geo Ventures Llc-Dutch Door Apts $450,000 Zimmerman & Walsh Llp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mk/Geo Ventures Llc-Dutch Door Apts $337,500
Closed Mk/Geo Ventures Llc-Dutch Door Apts $337,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2021 08/03/21 Sold $450,000 -22.4% $70 / Sq Ft
05/22/2021 05/22/21 For Sale -- -- --
05/21/2021 05/21/21 Pending -- -- --
02/09/2021 02/09/21 For Sale $580,000 0.0% $90 / Sq Ft
01/26/2021 01/26/21 Pending -- -- --
12/04/2020 12/04/20 For Sale $580,000 0.0% $90 / Sq Ft
11/24/2020 11/24/20 Pending -- -- --
04/01/2020 04/01/20 For Sale $580,000 -- $90 / 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 $9,754 $120,363 $21,398 $98,965
2023 $9,399 $107,323 $19,080 $88,243
2022 $9,013 $98,048 $17,431 $80,617
2021 $8,617 $91,754 $16,312 $75,442
2020 $8,519 $88,840 $15,794 $73,046
2019 $8,397 $85,579 $15,214 $70,365
2018 $7,871 $81,566 $14,501 $67,065
2017 $7,983 $78,181 $13,899 $64,282
2016 $7,623 $75,617 $13,443 $62,174
2015 $7,563 $73,888 $13,136 $60,752
2014 $7,137 $73,888 $13,136 $60,752
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2021

    Gerard DuMelle

    Weichert Realtors - Tovar Prop

    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10681638

Midwest Real Estate Data (MRED)

APN: 03-24-401-004

Illinois Winnebago County Rockton 61072

218 E River St, Rockton, IL

Not Listed for Sale

MultiFamily

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.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.