NOT LISTED FOR SALE
-- Bed
-- Bath
5,166 Sq Ft
-- Built

Last Sold November 04, 2022

Last sale price $290,000 $56 Per Sq Ft

6 Days on Market

Highlights

  • Property is near public transit
  • Patio
  • Forced Air Heating and Cooling System
  • Brick or Stone Mason
  • Storage
  • Hot Water Heating System

About This Home

As of November 2022

Great investment opportunity on 6-unit multi-family near Collins Aerospace, shopping and highway. 3 - 1 bedroom, 1 bath. 2 - 2 bedroom, 1 bath apartments and 1 - 3 bedroom, 1 bath apartment. Washer/Dryer hookups for each unit in basement. 3x8 storage for each unit. 3 carport spots and additional 3 paved parking spots. Street parking available. Each unit has its own water heater - 4 of 6 brand new. Roof 2014. 2 garden apartments have boiler heat and window a/c units. 4 apartments have gas forced air furnaces and central air. 400 amp electric service. Month-to-month leases include two long term tenants. All units occupied.

Last Agent to Sell the Property

Kathy Heeren-Ellis

Gambino Realtors License #475169546 Listed on: 09/16/2022

Gambino Realtors

Last Buyer's Agent

Susan Ellis

Gambino Realtors License #475201473

Gambino Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,020

Parking

  • Additional Parking

Home Design

  • Brick or Stone Mason
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 5,166 Sq Ft Home
  • 2-Story Property
  • Storage
  • Washer and Dryer Hookup
  • Partial Basement

Kitchen

  • Stove
  • Range

Schools

  • Swan Hillman Elementary School
  • Bernard W Flinn Middle School
  • Jefferson High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Additional Features

  • Patio
  • Property is near public transit

Community Details

  • 6 Units
  • 2-Story Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,020

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 5166
  • Front: 116.91
  • General Features: Additional Parking, On Bus Route, Patio, Storage Area
  • Grid: 79
  • Legal Description: PLAT NO 2 OF MEADOW LANE BNG SUB PT E1/2 NW1/4 SEC 5-43-2 LOT 042
  • Lvt Date: 09/16/2022
  • Rear: 68
  • Side 1: 89.59
  • Side 2: 120
  • Style: 2 Story
  • Type: 5+ Units
  • Total Assessed Value: 170050
  • Annual Insurance Expense: 2500
  • Maintenance Yr: 800
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 6
  • Number Of Units In Bldg: 6
  • Other Yr: 876
  • Potential Income: 47640
  • Utilities Yr: 2868
  • Agent Only_ L A1 User Code: 110144
  • Elementary School: Swan Hillman Elementary
  • Estimated Total Finished Sq Ft: 5166
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: Great investment opportunity on 6-unit multi-family near Collins Aerospace, shopping and highway. 3 - 1 bedroom, 1 bath. 2 - 2 bedroom, 1 bath apartments and 1 - 3 bedroom, 1 bath apartment. Washer/Dryer hookups for each unit in basement. 3x8 storage for each unit. 3 carport spots and additional 3 paved parking spots. Street parking available. Each unit has its own water heater - 4 of 6 brand new. Roof 2014. 2 garden apartments have boiler heat and window a/c units. 4 apartments have gas forced air furnaces and central air. 400 amp electric service. Month-to-month leases include two long term tenants. All units occupied.
  • 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: Yes
  • Washer Dryer: No
  • Estimated Above Grade Sq Ft: 5166
  • L O1 Brokerage Number: 478003863
  • S O1 Brokerage Number: 478003863
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Type: Partial
  • Price Per Sq Ft: 56.14
  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone, Wood
  • Roof: Shingle

Garage/Parking

  • Total Numberof Parking Spaces: 6

Utilities

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

Schools

  • School District: Rockford 205
  • Elementary School: Swan Hillman Elementary
  • Middle School: Bernard W Flinn Middle
  • High School: Jefferson High

Tax Info

  • Year: 2021
  • Taxes: 7020

MLS Schools

  • HighSchool: Jefferson High
  • School District: Rockford 205
  • Middle School: Bernard W Flinn Middle

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2022 11/04/22 Sold $290,000 -6.5% $56 / Sq Ft
09/22/2022 09/22/22 Pending -- -- --
09/16/2022 09/16/22 For Sale $310,000 -- $60 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202206209

NorthWest Illinois Alliance of REALTORS®