NOT LISTED FOR SALE

228 Oakwood Ave Rockford, IL 61101

West Gateway Coalition Neighborhood

Estimated Value: $92,000 - $106,294

7 Beds
3 Baths
3,264 Sq Ft
$30/Sq Ft Est. Value

Last Sold February 19, 2021

Last sale price $60,000 $18 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $731/month

7 Days on Market

Highlights

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

About This Home

As of February 2021

Great investment opportunity here - three (3) units situated on one (1) parcel with property taxes only $2100, without any exemptions! This deal consists of 2 properties… a brick Duplex (each unit has 2 bedrooms, 1 bath, living room, formal dining room, & kitchen) and a Single Family House (3 bedrooms, 1 bath, living room, formal dining room, kitchen, and full basement). Potential income for this is $2,150/mo ($25,800/year)! Properties cannot be sold individually and are sold AS-IS

Last Agent to Sell the Property

Victor Tellez

Realty of America, LLC License #475173003 Listed on: 01/27/2021

Realty of America, LLC

Last Buyer's Agent

Victor Tellez

Realty of America, LLC License #475173003 Listed on: 01/27/2021

Realty of America, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,101

Lot Details

  • 6,578

Home Design

  • Brick or Stone Mason
  • Shingle Roof

Interior Spaces

  • 3,264 Sq Ft Home
  • 2-Story Property
  • Oven

Schools

  • Lewis Lemon Elementary School
  • Kennedy Middle School
  • Auburn High School

Utilities

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

Additional Features

  • Balcony
  • Property is near public transit

Community Details

  • 3 Units
  • 2-Story Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,101

Lot Details

0

Listing Details

  • Appliances That Stay or Are Included: Oven
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 3264
  • Front: 56.15
  • General Features: Balcony, On Bus Route
  • Grid: 18
  • Legal Description: Fitch & Carlins Subd N 6 Ft Lot 2 + All Lot 001 Block 003
  • Lvt Date: 01/27/2021
  • Rear: 54.8
  • Side 1: 106.8
  • Side 2: 106.8
  • Style: 2 Story
  • Type: 3 - 4 Units
  • Total Assessed Value: 16458
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 1
  • Number Of Units In Bldg: 3
  • Agent Only_ L A1 User Code: 110213
  • Elementary School: Lewis Lemon Elementary
  • Pertinent Facts: Great investment opportunity here - three (3) units situated on one (1) parcel with property taxes only $2100, without any exemptions! This deal consists of 2 properties… a brick Duplex (each unit has 2 bedrooms, 1 bath, living room, formal dining room, & kitchen) and a Single Family House (3 bedrooms, 1 bath, living room, formal dining room, kitchen, and full basement). Potential income for this is $2,150/mo ($25,800/year)! Properties cannot be sold individually and are sold AS-IS
  • L O1 Brokerage Number: 481011083
  • S O1 Brokerage Number: 481011083
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Exterior: Brick/Stone
  • Roof: Shingle

Utilities

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

Schools

  • School District: Rockford 205
  • Elementary School: Lewis Lemon Elementary
  • Middle School: Kennedy Middle
  • High School: Auburn High

Tax Info

  • Year: 2019
  • Taxes: 2101

MLS Schools

  • HighSchool: Auburn High
  • School District: Rockford 205
  • Middle School: Kennedy Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2021
Closed on
Feb 22, 2021
Sold by
Shahbazi Llc Series 1
Bought by
Fermin Octavio
Seller's Agent
Victor Tellez
Realty of America, LLC
Buyer's Agent
Victor Tellez
Realty of America, LLC
List Price
$65,000
Sold Price
$60,000
Premium/Discount to List
-$5,000
-7.69%
Current Estimated Value
$99,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,324
Avg. Annual Appreciation
11.03%

Purchase Details

Closed on
Dec 19, 2018
Sold by
Ian Mcfadden Realty Llc
Bought by
Shahbazi Llc Series 1

Purchase Details

Closed on
Apr 24, 1998
Bought by
Howell Willie and Howell Elizabeth
Source: Public Records

Range of Values:

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Average Value
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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
Fermin Octavio $58,000 Midwest Law Works Llc
Shahbazi Llc Series 1 $52,000 Other
Shahbazi Llc Series 1 $52,000 None Listed On Document
Howell Willie $45,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2021 02/19/21 Sold $60,000 -7.7% $18 / Sq Ft
02/03/2021 02/03/21 Pending -- -- --
01/27/2021 01/27/21 For Sale $65,000 +44.4% $20 / Sq Ft
07/31/2017 07/31/17 Sold $45,000 -8.0% $35 / Sq Ft
07/01/2017 07/01/17 Pending -- -- --
01/16/2017 01/16/17 For Sale $48,900 -- $38 / 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 $2,283 $24,091 $684 $23,407
2023 $2,206 $21,242 $603 $20,639
2022 $2,169 $18,986 $539 $18,447
2021 $2,134 $17,409 $494 $16,915
2020 $2,116 $16,458 $467 $15,991
2019 $2,101 $15,686 $445 $15,241
2018 $2,275 $15,887 $419 $15,468
2017 $2,256 $15,204 $401 $14,803
2016 $2,254 $14,919 $393 $14,526
2015 $2,282 $14,919 $393 $14,526
2014 $2,288 $15,380 $491 $14,889
Source: Public Records

Agents Affiliated with this Home

  • Victor Tellez

    Seller's Agent in 2021

    Victor Tellez

    Realty of America, LLC

    (779) 537-9149

    10 in this area

    213 Total Sales

    Victor Tellez
    Section Image
  • Jay Dowthard

    Seller's Agent in 2017

    Jay Dowthard

    Gambino Realtors

    (815) 289-7530

    28 in this area

    181 Total Sales

    Jay Dowthard
    Section Image
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202100115

NorthWest Illinois Alliance of REALTORS®

APN: 11-22-130-027

Illinois Winnebago County Rockford 61101 West Gateway Coalition

228 Oakwood Ave, Rockford, IL

This home is located at 228 Oakwood Ave, Rockford, IL 61101 since 27 January 2021 and is currently estimated at $99,324, approximately $30 per square foot. 228 Oakwood Ave is a home located in Winnebago County with nearby schools including Lewis Lemon Elementary School, Kennedy Middle School, and Auburn High School.

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.

NorthWest Illinois Alliance of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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