NOT LISTED FOR SALE

2315(with 2319) Auburn St Rockford, IL 61103

Northwest United Neighborhood

Estimated Value: $125,000 - $227,000

-- Bed
4 Baths
5,578 Sq Ft
$32/Sq Ft Est. Value

Last Sold July 07, 2023

Last sale price $440,000 $79 Per Sq Ft

Current estimated payment $1,348/month

19 Days on Market

Highlights

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

About This Home

As of July 2023

Remodeled in 2018-2019. At that time all units were remodeled, new roofs installed, new parking lot installed and new windows. Very little deferred maintenance. There is a 4 car garage shared with 2315 Auburn, and fenced in off street parking for an additional 6 vehicles. The window A/C units belong to the tenants. The property has secure (buzz in) entry doors. Apartments are currently leased at below market rents, garage fees are below market, there are storage spaces in the basement that are built out and not currently being offered to the tenants. The storage area is another potential income stream. The coin laundry is owned, there is no sharing of the additional $250-$300 monthly laundry income. There is room in the basement to add vending machines for additional incomeSold in conjunction with 2319 Auburn St., asking price is for both parcels sold in unison.

Last Agent to Sell the Property

Mike Boehm

Page1 Property Management, Inc. License #471003709 Listed on: 05/19/2023

Last Buyer's Agent

Mike Boehm

Page1 Property Management, Inc. License #471003709 Listed on: 05/19/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,612

Year Built

  • Built in 1941

Lot Details

  • 7,405

Parking

  • Additional Parking

Home Design

  • Brick or Stone Mason
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Storage
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range

Laundry

  • Dryer
  • Washer

Location

  • Property is near public transit

Schools

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

Utilities

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

Community Details

Overview

  • 4 Units
  • 2-Story Building

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,612

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Dryer, Refrigerator, Oven, Washer
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 3784
  • Estimated Below Grade Finished Sq Ft: 1794
  • Front: 50
  • General Features: Additional Parking, Laundry in Building, On Bus Route, Storage Area
  • Grid: 15
  • Legal Description: E H MARSHS AUBURNDALE SUB PT S 1/2 NW 1/4 SEC 14-44-1 E 50 FT LOTS 7-8 + 009 BLOCK 021
  • Lvt Date: 05/20/2023
  • Rear: 50
  • Side 1: 125
  • Side 2: 125
  • Style: 2 Story
  • Type: 3 - 4 Units
  • Annual Insurance Expense: 2000
  • Maintenance Yr: 4000
  • Management Yr: 1700
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 4
  • Number Of Units In Bldg: 4
  • Utilities Yr: 3100
  • Agent Only_ L A1 User Code: 5924
  • Elementary School: District 205-RFD
  • Estimated Total Finished Sq Ft: 5578
  • Hold Earnest Money Y N: No
  • Pertinent Facts: Remodeled in 2018-2019. At that time all units were remodeled, new roofs installed, new parking lot installed and new windows. Very little deferred maintenance. There is a 4 car garage shared with 2315 Auburn, and fenced in off street parking for an additional 6 vehicles. The window A/C units belong to the tenants. The property has secure (buzz in) entry doors. Apartments are currently leased at below market rents, garage fees are below market, there are storage spaces in the basement that are built out and not currently being offered to the tenants. The storage area is another potential income stream. The coin laundry is owned, there is no sharing of the additional $250-$300 monthly laundry income. There is room in the basement to add vending machines for additional incomeSold in conjunction with 2319 Auburn St., asking price is for both parcels sold in unison.
  • Designated Managing Broker Y N: Yes
  • Separate Electric: Yes
  • Separate Heat: Yes
  • Separate Water Y N: No
  • Washer Dryer Coin Operated: Yes
  • Washer Dryer Hookups: No
  • Washer Dryer: No
  • Estimated Above Grade Sq Ft: 3784
  • L O1 Brokerage Number: 478027254
  • S O1 Brokerage Number: 478027254
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Type: Full
  • Price Per Sq Ft: 78.88
  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone
  • Roof: Shingle

Garage/Parking

  • Total Numberof Parking Spaces: 12

Utilities

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

Schools

  • School District: Rockford 205
  • Elementary School: District 205-RFD
  • Middle School: District 205-RFD
  • High School: District 205-RFD

Building Info

  • Year Built: 1941

Tax Info

  • Year: 2022
  • Taxes: 4612

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
May 19, 2023
Closed on
Jul 7, 2023
Sold by
Page1 Properties Llc Auburn Street
Bought by
Mopo Llc Leasing 2 Series
Seller's Agent
Mike Boehm
Page1 Property Management, Inc.
Buyer's Agent
Mike Boehm
Page1 Property Management, Inc.
List Price
$520,000
Sold Price
$440,000
Premium/Discount to List
-$80,000
-15.38%
Views
28
Current Estimated Value
$176,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$264,000
Avg. Annual Appreciation
-38.14%
Original Mortgage
$352,000
Outstanding Balance
$344,294
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
-$183,794

Purchase Details

Closed on
Jan 12, 2021
Sold by
Pagel Properties Llc
Bought by
Pagel Properties Llc Auburn Street

Purchase Details

Closed on
Sep 15, 2020
Sold by
Allh Llc
Bought by
Page1 Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,134
Interest Rate
2.8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 17, 2016
Sold by
Aysha Malik
Bought by
Sim Inc

Purchase Details

Closed on
May 9, 2016
Sold by
Aysha Malik
Bought by
Sim Inc
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
Mopo Llc Leasing 2 Series $440,000 None Listed On Document
Pagel Properties Llc Auburn Street -- Cultra Todd R
Page1 Properties Llc $348,000 Schlueter Ecklund & Davitt/Nn
Allh Llc -- Schlueter Ecklund & Davitt/Nn
Sim Inc -- Title Underwriters Agency
Sim Inc -- Title Underwriters Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mopo Llc Leasing 2 Series $352,000
Previous Owner Page1 Properties Llc $161,134
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2023 07/07/23 Sold $440,000 -15.4% $79 / Sq Ft
06/07/2023 06/07/23 Pending -- -- --
05/19/2023 05/19/23 For Sale $520,000 -- $93 / 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 $4,669 $49,273 $3,400 $45,873
2023 $4,511 $43,447 $2,998 $40,449
2022 $0 $38,834 $2,680 $36,154
2021 $4,364 $35,608 $2,457 $33,151
2020 $3,604 $28,026 $2,323 $25,703
2019 $3,128 $23,350 $2,215 $21,135
2018 $3,140 $22,005 $2,087 $19,918
2017 $3,124 $21,059 $1,997 $19,062
2016 $3,122 $20,665 $1,960 $18,705
2015 $1,580 $20,665 $1,960 $18,705
2014 $2,050 $13,683 $2,449 $11,234
Source: Public Records

Agents Affiliated with this Home

  • Mike Boehm

    Seller's Agent in 2023

    Mike Boehm

    Page1 Property Management, Inc.

    (815) 226-0212

    3 in this area

    4 Total Sales

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202302618

NorthWest Illinois Alliance of REALTORS®

APN: 11-14-161-007

Illinois Winnebago County Rockford 61103 Northwest United

2315(with 2319) Auburn St, Rockford, IL

This home is located at 2315(with 2319) Auburn St, Rockford, IL 61103 since 19 May 2023 and is currently estimated at $176,000, approximately $31 per square foot. This property was built in 1941. 2315(with 2319) Auburn St is a home located in Winnebago County with nearby schools including R.K. Welsh Elementary School, West Middle School, and Guilford 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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