NOT LISTED FOR SALE

414 4th Ave Rock Falls, IL 61071

Estimated Value: $110,000 - $140,000

5 Beds
4 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold December 16, 2024

Last sale price $110,000

Est. 11% increase in value since last sale

Current estimated payment $925/month

7 Days on Market

Highlights

  • Corner Lot
  • Rock Falls Middle School Rated 9+
  • Forced Air Heating System

About This Home

As of December 2024

This property has been extensively updated and is ready for tenants, offering a hassle-free investment opportunity. Recent upgrades include new gas lines, an updated PVC sewer line, and a complete electrical system overhaul completed in 2024. The roof was replaced in 2022, and new drywall has been installed throughout the building. The front exterior features fresh vinyl siding, and shared laundry facilities are available for all tenants. The property includes four units: Unit 1 with 2 bedrooms and 1 bathroom, Units 2 and 3 with 1 bedroom and 1 bathroom each, and Unit 4, a studio. With all these improvements, this property is move-in ready and an excellent investment-don't miss out on this opportunity!

Last Agent to Sell the Property

Opal Sundrani

RE/MAX Sauk Valley License #475211170 Listed on: 10/23/2024

RE/MAX Sauk Valley

Co-Listed By

Edwardo Castillo

RE/MAX Sauk Valley License #475194568

Last Buyer's Agent

Opal Sundrani

RE/MAX Sauk Valley License #475211170 Listed on: 10/23/2024

RE/MAX Sauk Valley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,255

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50 x 142
  • Corner Lot
  • Paved or Partially Paved Lot

Home Design

  • Stone Foundation
  • Asphalt Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • 8 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price

Schools

  • Rock Falls Township High School

Utilities

  • Forced Air Heating System

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,255

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Other Equipment: Sump Pump
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • AppliancesAndFeatures: None

Exterior Features

  • Foundation Details: Stone
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Parking Features: Off Street, Driveway
  • ParkingTotal: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Paved

Schools

  • High School: Rock Falls Township High School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.16
  • Lot Dimensions: 50 X 142
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 19
  • Is Parking Included in Price: Yes
  • TenantPays: None

Tax Info

  • Tax Annual Amount: 3255.29
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2024
Closed on
Dec 13, 2024
Sold by
Rivera Hernan Gudino and Zarecor Miranda
Bought by
Gomez Angel
Seller's Agent
Opal Sundrani
RE/MAX Sauk Valley
Buyer's Agent
Opal Sundrani
RE/MAX Sauk Valley
List Price
$120,000
Sold Price
$110,000
Premium/Discount to List
-$10,000
-8.33%
Views
7
Current Estimated Value
$122,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,056
Avg. Annual Appreciation
10.41%
Original Mortgage
$82,500
Outstanding Balance
$81,935
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$40,121

Purchase Details

Listed on
Oct 4, 2022
Closed on
Feb 22, 2023
Sold by
414 4Th Llc
Bought by
Rivera Hernan Gudino and Zarecor Miranda
Seller's Agent
Adam Taylor
PRS Realty LLC
Buyer's Agent
Benjamin DeNeve
RE/MAX Sauk Valley
List Price
$24,900
Sold Price
$15,000
Premium/Discount to List
-$9,900
-39.76%
Views
75

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
200.65%

Purchase Details

Listed on
Sep 10, 2021
Closed on
Oct 4, 2021
Sold by
Namowicz Ronald and Namowicz Tamara
Bought by
414 4Th Llc
Seller's Agent
Jori Mcrae
River Country Properties
Buyer's Agent
Erik Gimbel
Keller Williams North Shore West
Sold Price
$18,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-14.10%

Purchase Details

Closed on
Nov 20, 2007
Sold by
Wade Edwin M and Wade Lois
Bought by
Namowicz Ronald and Namowicz Tamara
Source: Public Records
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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
Gomez Angel $110,000 None Listed On Document
Gomez Angel $110,000 None Listed On Document
Rivera Hernan Gudino $38,666 --
414 4Th Llc $18,500 None Available
Namowicz Ronald $77,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Angel $82,500
Closed Gomez Angel $82,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/16/2024 12/16/24 Sold $110,000 -8.3% --
10/30/2024 10/30/24 Pending -- -- --
10/23/2024 10/23/24 For Sale $120,000 +700.0% --
02/23/2023 02/23/23 Sold $15,000 0.0% -- View Prior Sale
01/30/2023 01/30/23 Pending -- -- --
01/13/2023 01/13/23 Price Changed $15,000 -39.5% --
10/21/2022 10/21/22 Price Changed $24,800 -0.4% --
10/04/2022 10/04/22 For Sale $24,900 +34.6% --
10/07/2021 10/07/21 Sold $18,500 -53.6% -- View Prior Sale
10/01/2021 10/01/21 Pending -- -- --
09/30/2021 09/30/21 For Sale -- -- --
09/16/2021 09/16/21 Pending -- -- --
09/10/2021 09/10/21 For Sale $39,900 -- --
Source: Midwest Real Estate Data (MRED)

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 $3,426 $31,234 $4,882 $26,352
2023 $3,231 $28,805 $4,502 $24,303
2022 $3,141 $27,159 $4,245 $22,914
2021 $3,020 $25,694 $4,016 $21,678
2020 $3,024 $25,254 $3,947 $21,307
2019 $2,863 $24,351 $3,806 $20,545
2018 $2,678 $23,808 $3,721 $20,087
2017 $2,677 $23,362 $3,651 $19,711
2016 $2,627 $22,970 $3,590 $19,380
2015 $2,593 $24,128 $3,771 $20,357
2014 $2,583 $23,483 $3,670 $19,813
2013 $2,593 $24,128 $3,771 $20,357
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12195355

Midwest Real Estate Data (MRED)

APN: 1128431015