NOT LISTED FOR SALE

328 S Prospect St Rockford, IL 61104

Highland Area Neighborhood

Estimated Value: $133,000 - $181,000

-- Bed
3 Baths
2,586 Sq Ft
$60/Sq Ft Est. Value

Last Sold January 20, 2023

Last sale price $116,000 $45 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,055/month

1 Day on Market

Highlights

  • Deck
  • Brick or Stone Mason
  • Forced Air Heating System
  • Covered Patio or Porch
  • Pergola
  • Laundry Facilities

About This Home

As of January 2023

Investment Opportunity! Brick 3-family with two one-bedroom units and one two-bedroom unit. All of the units have new flooring, paint, kitchens, and baths. New roof in the last few years. Each unit has their own furnace (2 yrs old). Off-street parking; near Swedish American and town area. Rents total $1800/month when fully occupied. Square footage per unit is estimated. Please independently verify all information, including schools and taxes.

Last Agent to Sell the Property

Maureen McCarty

Emerald Realty Group of Rockford, PLLC License #475157672 Listed on: 12/29/2022

Co-Listed By

Robert McCarty

Emerald Realty Group of Rockford, PLLC License #471022157

Last Buyer's Agent

Carlos Serna

Century 21 Affiliated License #475161572

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,671

Year Built

  • Built in 1900

Lot Details

  • 7,841

Home Design

  • Brick or Stone Mason
  • Shingle Roof

Interior Spaces

  • 2,586 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Range

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Pergola

Schools

  • C Henry Bloom Elementary School
  • Abraham Lincoln Middle School
  • Rockford East High School

Utilities

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

Community Details

Overview

  • 3 Units
  • 2-Story Building

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,671

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop
  • Class: MULTIFAMILY
  • Front: 50
  • General Features: Deck, Laundry in Building, Pergola, Porch Covered
  • Legal Description: Swanlund + Peterson's Subd Pt NW 1/4 Sec 25-44-1 S 6 Ft Lot 3 + All Lot 004 Block 001
  • Lvt Date: 12/29/2022
  • Rear: 50
  • Side 1: 139.75
  • Side 2: 139.75
  • Style: 2 Story
  • Type: 3 - 4 Units
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 2
  • Number Of Units In Bldg: 3
  • Agent Only_ L A1 User Code: 5366
  • Elementary School: C Henry Bloom Elementary
  • Estimated Total Finished Sq Ft: 2586
  • Hold Earnest Money Y N: No
  • Pertinent Facts: Investment Opportunity! Brick 3-family with two one-bedroom units and one two-bedroom unit. All of the units have new flooring, paint, kitchens, and baths. New roof in the last few years. Each unit has their own furnace (2 yrs old). Off-street parking; near Swedish American and town area. Rents total $1800/month when fully occupied. Square footage per unit is estimated. Please independently verify all information, including schools and taxes.
  • Designated Managing Broker Y N: No
  • Separate Electric: Yes
  • Separate Heat: Yes
  • Separate Water Y N: No
  • Washer Dryer Coin Operated: No
  • Washer Dryer Hookups: No
  • Washer Dryer: No
  • Estimated Above Grade Sq Ft: 2586
  • L O2 Brokerage Number: 478010804
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Type: Full
  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone
  • Roof: Shingle

Utilities

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

Building Info

  • Year Built: 1900

Tax Info

  • Year: 2021
  • Taxes: 2671

MLS Schools

  • HighSchool: Rockford East High
  • School District: Rockford 205
  • Middle School: Abraham Lincoln Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2022
Closed on
Jan 20, 2023
Sold by
A2b Holding Llc
Bought by
K2k Int Llc
Seller's Agent
Maureen McCarty
Emerald Realty Group of Rockford, PLLC
Buyer's Agent
Carlos Serna
Century 21 Affiliated
List Price
$124,900
Sold Price
$116,000
Premium/Discount to List
-$8,900
-7.13%
Views
9
Current Estimated Value
$155,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,349
Avg. Annual Appreciation
11.12%

Purchase Details

Listed on
Sep 24, 2021
Closed on
Nov 5, 2021
Sold by
Iverson Matthew
Bought by
A2b Holdings Llc
Seller's Agent
Douglas Weber
Bird Realty
Buyer's Agent
Jorge DaSilva
Key Realty
List Price
$84,000
Sold Price
$82,500
Premium/Discount to List
-$1,500
-1.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.53%
Original Mortgage
$114,750
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 5, 2019
Closed on
Oct 10, 2019
Sold by
Chabad Lubavitch Of Rockford
Bought by
Iverson Matthew
Seller's Agent
John Wisch
Keller Williams Realty Signature
Buyer's Agent
NON-NWIAR Member
NorthWest Illinois Alliance of REALTORS®
List Price
$60,000
Sold Price
$53,500
Premium/Discount to List
-$6,500
-10.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.27%

Purchase Details

Closed on
Aug 4, 2017
Sold by
Northwest Bk Of Rockford
Bought by
Chabad Lubavitch Of Rockford N

Purchase Details

Closed on
Oct 17, 2006
Bought by
Murray Robert
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
K2k Int Llc $116,000 --
A2b Holdings Llc $153,000 None Listed On Document
Iverson Matthew $53,500 None Listed On Document
Chabad Lubavitch Of Rockford N -- Title Underwriters Agency
Murray Robert $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner A2b Holdings Llc $114,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/20/2023 01/20/23 Sold $116,000 -7.1% $45 / Sq Ft
12/30/2022 12/30/22 Pending -- -- --
12/29/2022 12/29/22 For Sale $124,900 +51.4% $48 / Sq Ft
11/05/2021 11/05/21 Sold $82,500 -1.8% -- View Prior Sale
09/25/2021 09/25/21 Pending -- -- --
09/24/2021 09/24/21 For Sale $84,000 +57.0% --
10/10/2019 10/10/19 Sold $53,500 -10.8% $21 / Sq Ft View Prior Sale
09/27/2019 09/27/19 Pending -- -- --
09/05/2019 09/05/19 For Sale $60,000 -- $23 / 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 $2,858 $30,156 $4,525 $25,631
2023 $2,761 $26,590 $3,990 $22,600
2022 $2,285 $19,998 $3,566 $16,432
2021 $2,671 $21,792 $3,270 $18,522
2020 $2,649 $20,601 $3,091 $17,510
2019 $2,630 $19,635 $2,946 $16,689
2018 $2,900 $20,252 $2,777 $17,475
2017 $2,876 $19,382 $2,658 $16,724
2016 $2,873 $19,019 $2,608 $16,411
2015 $2,909 $19,019 $2,608 $16,411
2014 $2,980 $20,030 $3,267 $16,763
Source: Public Records

Agents Affiliated with this Home

  • Maureen McCarty

    Seller's Agent in 2023

    Maureen McCarty

    Emerald Realty Group of Rockford, PLLC

    (815) 243-7095

    5 in this area

    126 Total Sales

    Maureen McCarty
    Section Image

  • R

    Seller Co-Listing Agent in 2023

    Robert McCarty

    Emerald Realty Group of Rockford, PLLC

    (815) 243-7095

    3 in this area

    59 Total Sales

    Robert McCarty
    Section Image
  • Carlos Serna

    Buyer's Agent in 2023

    Carlos Serna

    Century 21 Affiliated

    (815) 262-3919

    4 in this area

    252 Total Sales

    Carlos Serna
    Section Image
  • Douglas Weber

    Seller's Agent in 2021

    Douglas Weber

    Bird Realty

    (815) 222-5806

    1 in this area

    55 Total Sales

    Douglas Weber
    Section Image

  • J

    Buyer's Agent in 2021

    Jorge DaSilva

    Key Realty

    Section Image
  • John Wisch

    Seller's Agent in 2019

    John Wisch

    Keller Williams Realty Signature

    (815) 980-2848

    47 Total Sales

    John Wisch
    Section Image
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202207947

NorthWest Illinois Alliance of REALTORS®

APN: 11-25-131-011

Illinois Winnebago County Rockford 61104 Highland Area

328 S Prospect St, Rockford, IL

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