NOT LISTED FOR SALE

227 Avenue C Rochelle, IL 61068

Estimated Value: $100,000 - $181,000

6 Beds
3 Baths
-- Sq Ft
0.39 Acres

Last Sold July 26, 2022

Last sale price $61,500

Est. 136% increase in value since last sale

Current estimated payment $959/month

36 Days on Market

About This Home

As of July 2022

Zoned R-5 Multi-Family. Property has 4 Flat and +$2K in monthly rent potential. Previously, this property was a Two Flat plus a Second Home/Building/Structure behind Main Home with two additional units as well. INVESTORS WELCOME. HANDYMAN'S DREAM... BUILD SWEAT EQUITY. Extra Deep LOT. (66 x 164). Main home is a Four square style, 5 Bedroom home near Downtown Rochelle, built in 1953. 2 full baths, Newer Furnace and Hot Water Tank. First floor offers: Three bedrooms, living room, Dining room, OPEN Kitchen and Full Bath... Upstairs Unit offers Two Large bedrooms, Rec room and another full bath. Needs Renovation inside and outside and priced accordingly. **There is an interior staircase infrastructure in the main house that can be reconstructed with relative ease**

Last Agent to Sell the Property

Dominic Levita

Providence Residential Brokerage LLC License #471004483 Listed on: 06/04/2022

Last Buyer's Agent

Jim May

Rochelle Realty & Prop. Manage License #475073962

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,216

Year Built

  • Built in 1953

Lot Details

  • 0.39

Home Design

  • Masonite

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Schools

  • Rochelle Township High School

Additional Features

  • Basement Fills Entire Space Under The House
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,216

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1953
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: None
  • AppliancesAndFeatures: None
  • Room: 3

Exterior Features

  • List Price: 75000
  • Waterfront: No
  • Exterior Building Type: Masonite

Garage/Parking

  • ParkingTotal: 6
  • Number of Cars: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Schools

  • High School: Rochelle Township High School
  • Middle/Junior School District: 231

Lot Info

  • Lot Dimensions: 17038
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric,Gas

Tax Info

  • Tax Annual Amount: 3215.64
  • Tax Year: 2021

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 12, 2024
Sold by
Pelayo Federico
Bought by
Pelayo Maria D
Current Estimated Value
$145,155

Purchase Details

Listed on
Jun 4, 2022
Closed on
Jul 20, 2022
Sold by
Matarangas Panagiotis and Matarangas Dionisios
Bought by
Pelayo Maria De Los Angeles
Seller's Agent
Dominic Levita
Providence Residential Brokerage LLC
Buyer's Agent
Jim May
Rochelle Realty & Prop. Manage
List Price
$78,995
Sold Price
$61,500
Premium/Discount to List
-$17,495
-22.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.77%
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
Pelayo Maria D -- None Available
Pelayo Maria De Los Angeles $61,500 Security First Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Los Angeles Pelayo Maria De $61,064
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2022 07/26/22 Sold $61,500 -18.0% --
07/21/2022 07/21/22 Price Changed $75,000 -5.1% --
07/21/2022 07/21/22 For Sale $78,995 0.0% --
07/11/2022 07/11/22 Pending -- -- --
06/22/2022 06/22/22 Price Changed $78,995 -12.2% --
06/04/2022 06/04/22 For Sale $90,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $2,022 $33,686 $12,002 $21,684
2023 $2,022 $31,527 $11,233 $20,294
2022 $2,050 $22,010 $10,689 $11,321
2021 $3,216 $33,544 $10,214 $23,330
2020 $3,094 $31,947 $9,728 $22,219
2019 $3,037 $31,398 $9,561 $21,837
2018 $2,964 $30,783 $9,374 $21,409
2017 $2,922 $30,783 $9,374 $21,409
2016 $2,899 $29,939 $9,117 $20,822
2015 $2,818 $29,439 $8,965 $20,474
2014 $2,919 $29,439 $8,965 $20,474
2013 $3,037 $30,861 $9,398 $21,463
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11424822

Midwest Real Estate Data (MRED)

APN: 24-25-203-007