NOT LISTED FOR SALE

Estimated Value: $175,000 - $242,000

8 Beds
4 Baths
2,964 Sq Ft
$69/Sq Ft Est. Value

Last Sold April 13, 2018

Last sale price $96,000 $32 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $1,477/month

12 Days on Market

Highlights

  • Brick or Stone Mason
  • Forced Air Heating System
  • 2-minute walk to Churchill Park
  • 1-Story Property

About This Home

As of April 2018

GREAT INVESTMENT OPPORTUNITY! HERE IS AN ALL BRICK RANCH FOUR FAMILY WITH A FULL BASEMENT. EACH UNIT HAS TWO BEDROOMS. THERE IS A TWO CAR GARAGE ALONG WITH MULTIPLE PARKING SPACES OFF THE ALLEY. NEWER ROOF. GREAT RENTAL HISTORY. CLOSE TO BUS ROUTE AND SHOPPING. ADD SOME RENTAL REAL-ESTATE TO YOUR PORTFOLIO AND TAKE ADVANTAGE OF ADDITIONAL INCOME1

Last Agent to Sell the Property

Adam Guarino

DICKERSON & NIEMAN License #475129195 Listed on: 03/02/2018

DICKERSON & NIEMAN

Co-Listed By

Mori Jo Conkrite

Berkshire Hathaway HomeServices Crosby Starck RE License #475128971

Last Buyer's Agent

Duey Hoff

DICKERSON & NIEMAN License #475130437

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,596

Year Built

  • Built in 1962

Lot Details

  • 7,841

Home Design

  • Brick or Stone Mason
  • Shingle Roof

Interior Spaces

  • 2,964 Sq Ft Home
  • 1-Story Property
  • Stove
  • Laundry in unit

Parking

  • 5 Car Parking Spaces
  • Additional Parking

Location

  • In Flood Plain

Schools

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

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Community Details

  • 4 Units
  • 1-Story Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,596

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 2964
  • Exemptions: Owner
  • Front: 50
  • General Features: Additional Parking, Laundry in Unit, Main Floor Master
  • Legal Description: FAIR VIEW SUBD PT E 1/2 SEC 25-55-1 5-59 ANXD 1920 LOT 019 BLOCK 004
  • Located In Flood Plain: Yes
  • Lvt Date: 03/02/2018
  • Rear: 50
  • Side 1: 157.5
  • Side 2: 157.5
  • Style: 1 Story
  • Type: 3 - 4 Units
  • Total Assessed Value: 30374
  • Number Of Floors In Bldg: 1
  • Number Of Tenants In Bldg: 4
  • Number Of Units In Bldg: 4
  • Utilities Yr: 2864
  • Agent Only_ L A1 User Code: 5486
  • Elementary School: District 205-RFD
  • Pertinent Facts: GREAT INVESTMENT OPPORTUNITY! HERE IS AN ALL BRICK RANCH FOUR FAMILY WITH A FULL BASEMENT. EACH UNIT HAS TWO BEDROOMS. THERE IS A TWO CAR GARAGE ALONG WITH MULTIPLE PARKING SPACES OFF THE ALLEY. NEWER ROOF. GREAT RENTAL HISTORY. CLOSE TO BUS ROUTE AND SHOPPING. ADD SOME RENTAL REAL-ESTATE TO YOUR PORTFOLIO AND TAKE ADVANTAGE OF ADDITIONAL INCOME1
  • L O2 Brokerage Number: 478001315
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior: Brick/Stone
  • Roof: Shingle

Garage/Parking

  • Total Numberof Parking Spaces: 5

Utilities

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

Building Info

  • Year Built: 1962

Tax Info

  • Year: 2016
  • Taxes: 3596

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

Closed on
Jun 12, 2025
Sold by
Melone Michael
Bought by
Melone Properties Llc
Current Estimated Value
$203,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,377,400
Outstanding Balance
$1,373,864
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
-$1,170,628

Purchase Details

Listed on
Mar 2, 2018
Closed on
Apr 13, 2018
Sold by
Miguel Benitez
Bought by
Melone Michael
Seller's Agent
Adam Guarino
DICKERSON & NIEMAN
Buyer's Agent
Duey Hoff
DICKERSON & NIEMAN
List Price
$100,000
Sold Price
$96,000
Premium/Discount to List
-$4,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.44%
Original Mortgage
$72,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2001
Bought by
Benitez Miguel
Source: Public Records

Range of Values:

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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
Melone Properties Llc -- None Listed On Document
Melone Michael $96,000 Mta
Melone Michael $96,000 Kelly Connor Nicholas Pc
Benitez Miguel $126,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Melone Properties Llc $1,377,400
Previous Owner Melone Michael $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2018 04/13/18 Sold $96,000 -4.0% $32 / Sq Ft
03/14/2018 03/14/18 Pending -- -- --
03/02/2018 03/02/18 For Sale $100,000 -- $34 / 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 $4,901 $51,721 $3,104 $48,617
2023 $4,735 $45,605 $2,737 $42,868
2022 $4,657 $40,762 $2,446 $38,316
2021 $4,581 $37,376 $2,243 $35,133
2020 $4,543 $35,333 $2,120 $33,213
2019 $4,512 $33,677 $2,021 $31,656
2018 $3,657 $31,738 $1,905 $29,833
2017 $3,616 $30,374 $1,823 $28,551
2016 $3,596 $29,805 $1,789 $28,016
2015 $3,641 $29,805 $1,789 $28,016
2014 $3,594 $29,809 $2,237 $27,572
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 201800878

NorthWest Illinois Alliance of REALTORS®

APN: 11-25-426-009