Active
16 beds
300 S Main St, Rochelle, IL 61068
Est: $6,922/moGet pre-approved
Multi FamilyProperty Type
0.62 acresLot Size
1977Year Built

Description

An outstanding opportunity to acquire a well-maintained 16-unit multifamily asset comprised of a 12-unit apartment building constructed in 1977 and an attached four-unit farmhouse originally built in 1910. This unique property offers a diverse unit mix, consistent occupancy, and a proven history of stable operations. The property has benefited from ongoing capital improvements, including new exterior deck stairs, updated Pergo flooring in many units, new tile bathroom flooring, and numerous interior...An outstanding opportunity to acquire a well-maintained 16-unit multifamily asset comprised of a 12-unit apartment building constructed in 1977 and an attached four-unit farmhouse originally built in 1910. This unique property offers a diverse unit mix, consistent occupancy, and a proven history of stable operations. The property has benefited from ongoing capital improvements, including new exterior deck stairs, updated Pergo flooring in many units, new tile bathroom flooring, and numerous interior updates completed throughout the years as units have turned over. Pride of ownership is evident, with continued investment in both the buildings and individual apartments. The 12-unit apartment building features individually metered electric heat, with tenants responsible for their own electric service. Ownership pays water, sewer, and trash. The attached farmhouse is served by hot water heat, with ownership paying heat, water, sewer, and trash, providing an efficient utility structure for the property. With a consistently low vacancy rate, this investment offers dependable cash flow, limited turnover, and strong long-term performance. The combination of steady occupancy, ongoing improvements, and attractive operating characteristics makes this an excellent opportunity for investors seeking a stable, income-producing multifamily asset with future upside potential.
1 day on Market
  • Listed by: Sherry Murphy 815.761.4554 smurphy@haydenreinc.com • Hayden Real Estate, Inc.
Last updated: 08/28/2026 12:12 PM • Source: MRED as distributed by MLS GRID, MLS#: 12726018

Location

Listing Courtesy of Hayden Real Estate, Inc.
Add your commute

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$6,922 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,032

Property Taxes

$1,890

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 300 South Main Street

Property Details
  • Taxes: $22,685 / year
  • MLS Type: Multi Family 5+ / Corridor-Exterior Entrance
  • County: Ogle County
  • Area: Flagg Center / Hillcrest / Kings / Rochelle
  • Township: Flagg
  • Air Conditioning Type: Window Unit(s)
  • Zoning: MULTI
Building Information
  • Stories: 2
  • Residences: 16
  • Year Built: 1977
  • Lot Size: 0.62 AC / 26,814 SF
General Information
Owner
  • Owner Pays: Trash Collection, Management, Sewer, Water, Hot Water
Location and General Information
  • Information: 24-Hr Notice Required,Other-See Remarks
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Basement Type: Unfinished
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Electric,Hot Water
  • # Of Window/Ac: 13
  • # Of Refrigerators: 16
  • Num of Baths: 16.0
Exterior Features
  • Misc Outside: Balcony/ies
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance,Other
  • Lot Size Source: County Records
  • Lot Dimensions: 135x200
  • Lot Size Square Feet: 26814.0
  • Stories: 2
  • Exterior Building Type: Vinyl Siding, Brick
  • Construction: Vinyl Siding, Brick
  • Roof Type: Composition
  • Building Area Total: 9480
  • # Of Ranges: 16
  • MRD_UNC: No
  • Flood Zone: No
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 0
  • Photos Count: 6
  • Habitable Residence: Yes
  • OpenHouse Count: 0
Miscellaneous
  • Current Use: Multi-Family
  • Location: Golf Course Lot
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 16
Income & Expenses
  • Electric Expense: $1,500.00
  • Fuel Expense: $2,893.00
  • Gross Income: $155,160.00
  • Insurance Expense: $9,105.00
  • Maintenance Expense: $11,576.00
  • Electric Expense Source: Combination
  • Expense Year: 2025
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Combination
  • Total Monthly Income: 12930
  • Water Expense Source: Combination
  • Net Operating Income: $111,527.00
  • Operating Expense: $43,633.00
  • Other Expense: $.00
  • Trash Expense: $1,000.00
  • Water Sewer Expense: $1,825.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 8
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 4
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 2
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 300 South Main Street

DateEvent & SourcePriceAppreciation
Aug 28, 2026

Listed (Active)

MRED #12726018

$990,000
Jun 22, 2019

Expired

MRED #10319694

$695,000
Mar 25, 2019

Listed (Active)

MRED #10319694

$695,000
DateEvent & SourcePrice
08/28/2026

Listed (Active)

MRED #12726018

$990,000
06/22/2019

Expired

MRED #10319694

$695,000
03/25/2019

Listed (Active)

MRED #10319694

$695,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 300 South Main Street

Taxable ValueLand$11,503Additions-Total$11,503
Tax Record2025$964 ($80 / month)
Home Facts
Lot Size566,280 SqFtStyleAgricultural / RuralCountyOGLEAPN24-36-251-009

Schools near 300 South Main Street

This home is within Rochelle Twp Hsd 212 School District.
Rating
School
Type
Grades
Distance
Public - 2 to 3
Public - 6 to 8
Public - 9 to 12
Public - 4 to 5
Rating
School
Distance
Central Elementary School
Public2 to 3

Rochelle Middle School
Public6 to 8

Rochelle Twp High School
Public9 to 12

Tilton Elementary School
Public4 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

New listings in 61068

$160,000 | 10632 East Titus Road, Rochelle, IL 61068
1/12

$160,000

4
Bedrooms
1,352
Square Feet
Unavailable
Acres
$169,900 | 1202 2nd Avenue, Rochelle, IL 61068
1/27

$169,900

2
Bedrooms
1,096
Square Feet
0.31
Acres
$270,000 | 8631 Highway 38, Rochelle, IL 61068
1/38

$270,000

4
Bedrooms
2,400
Square Feet
1.44
Acres
$249,000 | 315 South Woodlawn Road, Creston, IL 61068
1/35

$249,000

3
Bedrooms
1,200
Square Feet
0.28
Acres
a front view of a house with a yard
1/32
Contingent

$239,900

4
Bedrooms
1,795
Square Feet
0.19
Acres
$175,000 | 845 North 12th Street, Rochelle, IL 61068
1/7

$175,000

4
Bedrooms
1,697
Square Feet
0.17
Acres
a front view of a house with a yard and a garage
1/95

$824,900

5
Bedrooms
2,832
Square Feet
1.5
Acres
a front view of a house with a yard
1/33

$256,000

3
Bedrooms
1,371
Square Feet
0.16
Acres
a view of a house with a small yard
1/20
Contingent

$189,900

2
Bedrooms
860
Square Feet
0.16
Acres

300 South Main Street is a multi-family home for sale in Rochelle, IL 61068. This property was listed for sale on August 28, 2026 by Hayden Real Estate, Inc., it's currently listed at $990,000. It has been on the market for a total of 1 days and was last sold on May 6, 2015. This listing's school districts are Rochelle Twp Hsd 212 School District, Rochelle Central Consolidated School District 231. Nearby schools include Central Elementary School, Rochelle Middle School and Rochelle Twp High School. 300 South Main Street is a 16-bed, 16-bath multi-family home built in 1977.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Hayden Real Estate, Inc.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 08/28/2026 12:12 PM. 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.