328 S Prospect St Rockford, IL 61104
Highland Area Neighborhood
4
Beds
3
Baths
--
Sq Ft
7,841
Sq Ft Lot
About This Home
As of January 2023Attention investors! Check out this well maintained three unit multifamily in a great neighborhood in Rockford close to Swedish American Hospital. Two 1 bedroom, 1 bath units and one 2 bedroom, 1 bath unit with great rental history and cash flow. All apartments have gas forced air heat and window air conditioning units and tenants pay gas and electric. With a cap rate of 13%, this is a great opportunity to purchase a money making investment property. Call today.
Last Buyer's Agent
Jorge DaSilva
Key Realty License #475181452
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,689
Year Built
- Built in 1900
Lot Details
- 7,841 Sq Ft Lot
- Lot Dimensions are 57x140
Home Design
- Brick Exterior Construction
Interior Spaces
- 1-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 3 Bathrooms
Parking
- 3 Parking Spaces
- Driveway
- Uncovered Parking
- Off-Street Parking
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
Overview
- 3 Units
Building Details
- Insurance Expense $896
- Maintenance Expense $1,800
- Gross Income $17,700
- Net Operating Income $11,235
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,807
Avg. Annual Appreciation
8.40%
Purchase Details
Listed on
Sep 24, 2021
Closed on
Nov 5, 2021
Sold by
Matthew Iverson
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
Similar Homes in Rockford, IL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $116,000 | -- | |
| Warranty Deed | $153,000 | Reese & Reese | |
| Special Warranty Deed | $53,500 | None Listed On Document | |
| Grant Deed | -- | Title Underwriters Agency | |
| Deed | $95,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $483,000 | New Conventional | |
| Previous Owner | $114,750 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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% | -- |
| 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 |
| 09/27/2019 09/27/19 | Pending | -- | -- | -- |
| 09/05/2019 09/05/19 | For Sale | $60,000 | -- | $23 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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
2 in this area
119 Total Sales
-
Robert McCarty
R
Seller Co-Listing Agent in 2023
Robert McCarty
Emerald Realty Group of Rockford, PLLC
(815) 243-7095
2 in this area
55 Total Sales
-
Carlos Serna
Buyer's Agent in 2023
Carlos Serna
Century 21 Affiliated
(815) 262-3919
3 in this area
249 Total Sales
-
Douglas Weber
Seller's Agent in 2021
Douglas Weber
Bird Realty
(815) 222-5806
1 in this area
55 Total Sales
-
J
Buyer's Agent in 2021
Jorge DaSilva
Key Realty
-
John Wisch
Seller's Agent in 2019
John Wisch
Keller Williams Realty Signature
(815) 980-2848
52 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11228845
APN: 11-25-131-011
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.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Nearby Homes
- 1619 Charles St
- 1904 Charles St
- 209 S Highland Ave
- 209 S Highland Ave Unit 211 S Highland Avenu
- 610 12th St
- 404 S Chicago Ave
- 1921 Charles St
- 1702 E State St
- 2001 Charles St
- 646 15th St
- 412 10th St
- 307 Washington St
- 207 Smith Ave
- 129 Regan St
- 1327 Charles St
- 208 N London Ave
- 1437 7th Ave
- 201 Summit St
- 324 N Prospect St
- 228 N London Ave