NOT LISTED FOR SALE

514 N 2nd St Unit 516 Rochelle, IL 61068

Estimated Value: $148,000 - $201,000

2 Beds
1 Bath
-- Sq Ft
7,449 Sq Ft Lot

Last Sold January 28, 2016

Last sale price $115,000

Est. 47% increase in value since last sale

Current estimated payment $1,195/month

85 Days on Market

About This Home

As of January 2016

Notice to Investors: Brick Duplex with New Steel Roof, 2 Car Garage, Fenced in Backyard with long term renters. Built in 1960. Solid cash flow. $600 per unit. Tenants pay all utilities. New Garage Doors. New flooring in both units. Refrigerators and stoves stay. Duplex offers 2 bedrooms with laundry hook ups on both sides. Alley access allows parking behind garage also. Garage is divided with separate new overhead doors.

Last Agent to Sell the Property

Judith Ross

Lori Patterson Real Estate License #475128080 Listed on: 10/21/2015

Last Buyer's Agent

Laura Harmon

Weichert REALTORS Signature Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,967

Year Built

  • Built in 1960

Lot Details

  • 7,449

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Duplex
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Bathroom

Additional Features

  • Crawl Space
  • Lot Dimensions are 60x123.75
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Gross Income $14,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,967

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1960
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Lot Info

  • Lot Dimensions: 60X123.75
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 19

Multi Family

  • GrossIncome: 14400
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: Duplex Side by Side

Tax Info

  • Tax Annual Amount: 2967
  • Tax Year: 2014
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2017
Sold by
Zheng Family Llc
Bought by
Zheng Family Llc
Current Estimated Value
$169,474

Purchase Details

Listed on
Oct 21, 2015
Closed on
Jan 28, 2016
Sold by
Mimini Neim
Bought by
Zheng Family Llc
Seller's Agent
Judith Ross
Lori Patterson Real Estate
Buyer's Agent
Laura Harmon
Weichert REALTORS Signature Professionals
List Price
$129,900
Sold Price
$115,000
Premium/Discount to List
-$14,900
-11.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.06%

Purchase Details

Closed on
Aug 26, 2009
Sold by
Price Mark
Bought by
Mimini Neim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,800
Interest Rate
5.21%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 22, 2005
Sold by
Price Carinne C
Bought by
Price Mark E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,095
Interest Rate
6.34%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Zheng Family Llc -- --
Zheng Family Llc $55,500 --
Mimini Neim $112,000 None Available
Price Mark E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mimini Neim $100,800
Previous Owner Price Mark E $86,095
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2016 01/28/16 Sold $115,000 -11.5% --
01/14/2016 01/14/16 Pending -- -- --
10/21/2015 10/21/15 For Sale $129,900 -- --
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 $3,692 $41,945 $7,223 $34,722
2023 $2,022 $22,964 $6,760 $16,204
2022 $1,115 $11,967 $6,433 $5,534
2021 $3,510 $36,615 $5,943 $30,672
2020 $3,377 $34,871 $5,660 $29,211
2019 $3,315 $34,272 $5,563 $28,709
2018 $3,235 $33,600 $5,454 $28,146
2017 $3,190 $33,600 $5,454 $28,146
2016 $3,164 $32,678 $5,304 $27,374
2015 $2,967 $31,000 $5,215 $25,785
2014 $3,074 $31,000 $5,215 $25,785
2013 $3,199 $32,498 $5,467 $27,031
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09069847

Midwest Real Estate Data (MRED)

APN: 24-24-404-008