NOT LISTED FOR SALE

320 S Prospect St Rockford, IL 61104

Highland Area Neighborhood

Estimated Value: $155,000 - $250,000

6 Beds
4 Baths
4,011 Sq Ft
$49/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $132,000 $33 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $1,334/month

5 Days on Market

Highlights

  • Brick or Stone Mason
  • Hot Water Heating System
  • Washer and Dryer
  • Air Conditioning

About This Home

As of June 2023

All brick 4-family located minutes from E. State Street! Fully Renovated interior! Great cashflow, well maintained. 100% occupied. Long term tenants. 6 car parking lot in the back!

Last Agent to Sell the Property

Justin Smith

Century 21 Affiliated License #475168898 Listed on: 05/18/2023

Century 21 Affiliated

Last Buyer's Agent

Justin Smith

Century 21 Affiliated License #475168898 Listed on: 05/18/2023

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,847

Year Built

  • Built in 1925

Lot Details

  • 6,970

Home Design

  • Brick or Stone Mason
  • Rubber Roof

Interior Spaces

  • 4,011 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House
  • Washer and Dryer

Kitchen

  • Stove
  • Range

Parking

  • 4 Car Parking Spaces
  • Additional Parking

Schools

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

Utilities

  • Air Conditioning
  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Separate Meters
  • Separate Water Meter
  • Gas Water Heater

Community Details

  • 4 Units
  • 3-Story Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,847

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop
  • Class: MULTIFAMILY
  • Front: 50
  • General Features: Additional Parking
  • Legal Description: SWANLUND + PETERSONS SUBD PT NW1/4 SEC 25-44-1 LOT 002 BLOCK 001
  • Lvt Date: 05/18/2023
  • Rear: 50
  • Side 1: 139
  • Side 2: 139
  • Style: 3+ Story
  • Type: 3 - 4 Units
  • Number Of Floors In Bldg: 3
  • Number Of Tenants In Bldg: 4
  • Number Of Units In Bldg: 4
  • Utilities Yr: 6392
  • Agent Only_ L A1 User Code: 110132
  • Elementary School: District 205-RFD
  • Estimated Total Finished Sq Ft: 4011
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: All brick 4-family located minutes from E. State Street! Fully Renovated interior! Great cashflow, well maintained. 100% occupied. Long term tenants. 6 car parking lot in the back!
  • Designated Managing Broker Y N: Yes
  • Separate Electric: Yes
  • Separate Heat: No
  • Separate Water Y N: Yes
  • Washer Dryer Coin Operated: No
  • Washer Dryer Hookups: No
  • Washer Dryer: Yes
  • Estimated Above Grade Sq Ft: 4011
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Type: Full
  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone
  • Roof: Rubber

Garage/Parking

  • Total Numberof Parking Spaces: 4

Utilities

  • Cooling: Window Unit
  • Heating: Hot Water/Steam, Natural Gas
  • Sewer: City
  • Water: City
  • Water Heater: Gas
  • Separate Utilities: Yes

Building Info

  • Year Built: 1925

Tax Info

  • Year: 2022
  • Taxes: 2847

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 18, 2023
Closed on
Jun 30, 2023
Sold by
Mapleshade Properties Llc
Bought by
Racine Gfwd Llc
Seller's Agent
Justin Smith
Century 21 Affiliated
Buyer's Agent
Justin Smith
Century 21 Affiliated
List Price
$160,000
Sold Price
$132,000
Premium/Discount to List
-$28,000
-17.5%
Views
64
Current Estimated Value
$196,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,243
Avg. Annual Appreciation
18.55%

Purchase Details

Closed on
Dec 18, 2020
Sold by
Zenith Landholdings Rockford Series Llc-
Bought by
Mapleshade Properties Llc

Purchase Details

Closed on
Feb 11, 2019
Sold by
Teklics Leslie S
Bought by
Zenith Landholdings Rockford S
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
Racine Gfwd Llc $132,000 None Listed On Document
Mapleshade Properties Llc $87,000 None Listed On Document
Zenith Landholdings Rockford S -- Alliance Title Co
Blazer Mark R -- Hinshaw & Culbertson Llp
Zenith Landholdings Rockford S -- Alliance Title Co
Zenith Landholdings Rockford S -- Hinshaw & Culbertson Llp
Blazer Mark R -- Hinshaw & Culbertson Llp
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2023 06/30/23 Sold $132,000 -17.5% $33 / Sq Ft
05/23/2023 05/23/23 Pending -- -- --
05/18/2023 05/18/23 For Sale $160,000 +192.8% $40 / Sq Ft
03/23/2015 03/23/15 Sold $54,649 0.0% $14 / Sq Ft View Prior Sale
03/23/2015 03/23/15 Sold $54,649 -8.9% -- View Prior Sale
03/03/2015 03/03/15 Pending -- -- --
02/21/2015 02/21/15 Pending -- -- --
02/20/2015 02/20/15 For Sale $60,000 0.0% --
09/08/2014 09/08/14 For Sale $60,000 -- $15 / 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 $3,611 $38,103 $2,760 $35,343
2023 $2,894 $27,875 $2,435 $25,440
2022 $2,847 $24,915 $2,176 $22,739
2021 $2,800 $22,845 $1,995 $20,850
2020 $2,777 $21,597 $1,886 $19,711
2019 $2,758 $20,585 $1,798 $18,787
2018 $2,777 $19,399 $1,694 $17,705
2017 $2,754 $18,565 $1,621 $16,944
2016 $2,752 $18,217 $1,591 $16,626
2015 $2,787 $18,217 $1,591 $16,626
2014 $3,400 $22,854 $1,987 $20,867
Source: Public Records

Agents Affiliated with this Home

  • Justin Smith

    Seller's Agent in 2023

    Justin Smith

    Century 21 Affiliated

    (815) 494-5394

    1 in this area

    213 Total Sales

    Justin Smith
    Section Image

  • K

    Seller's Agent in 2015

    KENNETH REDEKER

    Keller Williams Realty Signature

    Section Image

  • N

    Buyer's Agent in 2015

    Non Member

    NON MEMBER

  • D

    Buyer's Agent in 2015

    Dan Marske

    Berkshire Hathaway HomeServices Crosby Starck Real Estate

    (815) 231-2936

    2 in this area

    46 Total Sales

    Dan Marske
    Section Image
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202302582

NorthWest Illinois Alliance of REALTORS®

APN: 11-25-131-009

Illinois Winnebago County Rockford 61104 Highland Area

320 S Prospect St, Rockford, IL

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