Seller's Agent in 2025
Mohammad Fatani
Realty One Group Excel
(630) 398-7177
37 Total Sales
520 Main St Pecatonica, IL 61063
Estimated Value: $255,775
Studio
--
Bath
--
Sq Ft
1915
Built
About This Home
As of May 2025Prime Mixed-Use Investment Opportunity in Pecatonica, IL - This 7-unit property at 520 Main St features two vacant storefronts and five apartments, with only one apartment empty for showing. (three 2-bed/1-bath units, one 1-bed/1-bath unit, and one 3-bed/1-bath unit). The current rent roll is under 3k per month currently with vacancies and low rents in place, with significant upside potential - fully leased and at market rents, the property can generate 6k/month. Both storefronts can be rented for 700-900 each, adding substantial income. The apartment units are leased under market and could all be raised as well. All leases are month to month so rents could be easily raised with a 30 day notice. In the past year, there has also been a brand new furnace and water heater put in. The building is entirely separately metered, keeping expenses low and operations efficient. Priced at 400k, with the upside, this is a fantastic value-add opportunity with strong cash flow potential in a historic community.
Last Agent to Sell the Property
Realty One Group Excel License #475202050 Listed on: 03/21/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,309
Year Built
- Built in 1915
Additional Features
- 2-Story Property
- Central Heating
Community Details
- 7 Units
- Gross Income $3,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 21, 2025
Closed on
May 29, 2025
Sold by
Simba Rentals Llc
Bought by
Melancen Matthew D and Melancen Margaret S
Seller's Agent
Mohammad Fatani
Realty One Group Excel
Buyer's Agent
Rebecca Hazzard
RE/MAX of Rock Valley
List Price
$399,990
Sold Price
$250,000
Premium/Discount to List
-$149,990
-37.5%
Views
44
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
$5,775
Avg. Annual Appreciation
2.96%
Original Mortgage
$175,000
Outstanding Balance
$174,552
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$82,238
Purchase Details
Closed on
Jan 26, 2024
Sold by
Lhc Properties Llc
Bought by
Simba Rentals Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.61%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 12, 2019
Sold by
Winn Investments Llc
Bought by
Lhc Properties Llc
Purchase Details
Closed on
Feb 14, 2019
Sold by
Edward Bryant and Edward Mary
Bought by
Winn Investments Llc
Purchase Details
Closed on
Mar 17, 2010
Bought by
Winn Investments Llc
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Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Melancen Matthew D | $250,000 | None Listed On Document | |
| Simba Rentals Llc | $195,000 | None Listed On Document | |
| Lhc Properties Llc | -- | None Listed On Document | |
| Winn Investments Llc | -- | -- | |
| Winn Investments Llc | $175,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Melancen Matthew D | $175,000 | |
| Previous Owner | Simba Rentals Llc | $156,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/29/2025 05/29/25 | Sold | $250,000 | -24.2% | -- |
| 04/29/2025 04/29/25 | Pending | -- | -- | -- |
| 04/19/2025 04/19/25 | Price Changed | $329,990 | -5.7% | -- |
| 04/19/2025 04/19/25 | Price Changed | $349,990 | -6.7% | -- |
| 04/10/2025 04/10/25 | Price Changed | $374,990 | -6.3% | -- |
| 03/21/2025 03/21/25 | For Sale | $399,990 | -- | -- |
Source: Midwest Real Estate Data (MRED)
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 | $5,460 | $70,222 | $6,014 | $64,208 |
| 2023 | $5,309 | $64,112 | $5,491 | $58,621 |
| 2022 | $5,180 | $59,534 | $5,099 | $54,435 |
| 2021 | $5,000 | $55,980 | $4,795 | $51,185 |
| 2020 | $4,928 | $53,930 | $4,619 | $49,311 |
| 2019 | $5,656 | $51,303 | $4,394 | $46,909 |
| 2018 | $5,612 | $52,410 | $4,264 | $48,146 |
| 2017 | $5,719 | $51,352 | $4,178 | $47,174 |
| 2016 | $5,479 | $50,844 | $4,137 | $46,707 |
| 2015 | $5,410 | $50,336 | $4,096 | $46,240 |
| 2014 | $5,239 | $50,336 | $4,096 | $46,240 |
Source: Public Records
Agents Affiliated with this Home
-
Mohammad Fatani
-
Rebecca Hazzard
Buyer's Agent in 2025
Rebecca Hazzard
RE/MAX
(815) 509-8432
445 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12317390
APN: 09-28-154-005
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.
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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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