NOT LISTED FOR SALE

505 N 7th St Rochelle, IL 61068

Estimated Value: $183,000 - $218,697

6 Beds
4 Baths
-- Sq Ft
10,454 Sq Ft Lot

Last Sold February 07, 2022

Last sale price $172,500

Est. 20% increase in value since last sale

Current estimated payment $1,518/month

44 Days on Market

About This Home

As of February 2022

Investor alert... this 4 unit in a great area of Rochelle across from police station ... it has updated kitchens and baths... tenants pay all utilities except garbage... easy to rent... leases right now are month to month since 3 of the units have had long time tenants. All 4 are rented

Last Agent to Sell the Property

Carinne Price-Kuehl

Century 21 Affiliated License #475128336 Listed on: 11/23/2021

Century 21 Affiliated

Last Buyer's Agent

Gesenia Cobb

Coldwell Banker Realty License #475162417

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,313

Year Built

  • Built in 1915

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 84x123

Home Design

  • Aluminum Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Space is Owned

Schools

  • Rochelle Township High School

Additional Features

  • Basement Fills Entire Space Under The House
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,313

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 4

Exterior Features

  • List Price: 179900
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Parking Features: Off Alley
  • ParkingTotal: 4
  • Number of Cars: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Schools

  • High School: Rochelle Township High School
  • Middle/Junior School District: 231

Lot Info

  • Lot Size Acres: 0.24
  • Lot Dimensions: 84X123
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • TenantPays: All

Tax Info

  • Tax Annual Amount: 4312.62
  • Tax Year: 2020
  • 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
Nov 23, 2021
Closed on
Feb 7, 2022
Sold by
Hopkins Gary
Bought by
Carrizales Elizabeth
Seller's Agent
Carinne Price-Kuehl
Century 21 Affiliated
Buyer's Agent
Gesenia Cobb
Coldwell Banker Realty
List Price
$179,900
Sold Price
$172,500
Premium/Discount to List
-$7,400
-4.11%
Current Estimated Value
$207,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,174
Avg. Annual Appreciation
5.17%
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
Carrizales Elizabeth $172,500 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/07/2022 02/07/22 Sold $172,500 -4.1% --
01/07/2022 01/07/22 Pending -- -- --
11/23/2021 11/23/21 For Sale $179,900 -- --
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 $5,002 $56,830 $12,294 $44,536
2023 $4,702 $53,187 $11,506 $41,681
2022 $4,714 $50,611 $10,949 $39,662
2021 $4,482 $46,754 $10,115 $36,639
2020 $4,313 $44,527 $9,633 $34,894
2019 $4,233 $43,761 $9,467 $34,294
2018 $4,130 $42,903 $9,281 $33,622
2017 $4,073 $42,903 $9,281 $33,622
2016 $4,041 $41,726 $9,026 $32,700
2015 $3,927 $41,028 $8,875 $32,153
2014 $4,068 $41,028 $8,875 $32,153
2013 $4,233 $43,011 $9,304 $33,707
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11276041

Midwest Real Estate Data (MRED)

APN: 24-24-334-005