NOT LISTED FOR SALE

Estimated Value: $221,000 - $279,000

-- Bed
4 Baths
3,296 Sq Ft
$74/Sq Ft Est. Value

Last Sold December 29, 2023

Last sale price $182,000 $55 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,655/month

6 Days on Market

Highlights

  • Property is near public transit
  • Brick or Stone Mason
  • Forced Air Heating System

About This Home

As of December 2023

Great investment opportunity in this 4 family with many updates. Tenants pay gas and electric and owner pays water and sewer. Great rental history. All tenants paying month to month. Rents are currently below market.

Last Agent to Sell the Property

John & Diane Dowd

DICKERSON & NIEMAN License #475126473 Listed on: 11/30/2023

DICKERSON & NIEMAN

Last Buyer's Agent

Barbara Carstens

Gambino Realtors License #475128967

Gambino Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,773

Year Built

  • Built in 1957

Lot Details

  • 6,970

Parking

  • 4 Car Parking Spaces

Home Design

  • Brick or Stone Mason
  • Shingle Roof
  • Siding

Interior Spaces

  • 3,296 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Kitchen

  • Stove
  • Range

Location

  • Property is near public transit

Schools

  • District 205-Rfd Elementary And Middle School
  • District 205-Rfd High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Gas Water Heater

Community Details

  • 4 Units
  • 2-Story Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,773

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Stove/Cooktop
  • Class: MULTIFAMILY
  • Front: 48.6
  • General Features: On Bus Route
  • Legal Description: LOT 018 PLAT OF GARFIELD HFTS ADD IN CITY
  • Lvt Date: 11/30/2023
  • Rear: 48.6
  • Side 1: 142
  • Side 2: 142
  • Style: 2 Story
  • Type: 3 - 4 Units
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 3
  • Number Of Units In Bldg: 4
  • Agent Only_ L A1 User Code: 3058
  • Elementary School: District 205-RFD
  • Estimated Total Finished Sq Ft: 3296
  • Hold Earnest Money Y N: No
  • Pertinent Facts: Great investment opportunity in this 4 family with many updates. Tenants pay gas and electric and owner pays water and sewer. Great rental history. All tenants paying month to month. Rents are currently below market.
  • Designated Managing Broker Y N: No
  • Potential Annual Expenses: 22800
  • Separate Electric: Yes
  • Separate Heat: Yes
  • Separate Water Y N: Yes
  • Washer Dryer Coin Operated: No
  • Washer Dryer Hookups: Yes
  • Washer Dryer: No
  • Estimated Above Grade Sq Ft: 3296
  • L O2 Brokerage Number: 478001315
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Type: Full
  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone, Siding
  • Roof: Shingle

Garage/Parking

  • Total Numberof Parking Spaces: 4

Utilities

  • Cooling: Wall Unit
  • Heating: Forced Air, Natural Gas
  • Sewer: City
  • Water: City
  • Water Heater: Gas
  • Separate Utilities: Yes

Building Info

  • Year Built: 1957

Tax Info

  • Year: 2022
  • Taxes: 2773

MLS Schools

  • HighSchool: District 205-RFD
  • School District: Rockford 205
  • Middle School: District 205-RFD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2023
Closed on
Dec 29, 2023
Sold by
Northern Illinois Sales Llc
Bought by
Navarrete Eric
Seller's Agent
John & Diane Dowd
DICKERSON & NIEMAN
Buyer's Agent
Barbara Carstens
Gambino Realtors
List Price
$189,900
Sold Price
$182,000
Premium/Discount to List
-$7,900
-4.16%
Views
23
Current Estimated Value
$243,364

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,364
Avg. Annual Appreciation
15.72%
Original Mortgage
$18,200
Interest Rate
8.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Navarrete Eric $182,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Navarrete Eric $18,200
Open Navarrete Eric $145,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2023 12/29/23 Sold $182,000 -4.2% $55 / Sq Ft
12/08/2023 12/08/23 For Sale $189,900 0.0% $58 / Sq Ft
12/06/2023 12/06/23 Pending -- -- --
12/05/2023 12/05/23 Pending -- -- --
11/30/2023 11/30/23 For Sale $189,900 -- $58 / Sq Ft
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 $4,513 $47,628 $3,127 $44,501
2023 $2,820 $27,159 $2,757 $24,402
2022 $2,774 $24,275 $2,464 $21,811
2021 $2,728 $22,258 $2,259 $19,999
2020 $2,706 $21,042 $2,136 $18,906
2019 $2,687 $20,055 $2,036 $18,019
2018 $2,706 $18,900 $1,919 $16,981
2017 $2,684 $18,088 $1,837 $16,251
2016 $2,681 $17,749 $1,803 $15,946
2015 $2,715 $17,749 $1,803 $15,946
2014 $2,641 $17,751 $2,254 $15,497
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202306927

NorthWest Illinois Alliance of REALTORS®

APN: 11-14-302-004