Sold
Last Sold Price
30 beds
320-22 S Main St, Rochelle, IL 61068
Multi FamilyProperty Type
1.00 acresLot Size
1978Year Built
40 carsParking Spaces

Description

Investors alert! Rare, well maintained 30 unit multi-family site with an affordable price tag and 9.2%+ cap rate. Rochelle is the largest city in ogle county and central hub for rockford and dekalb. Large parking lot, coin op laundry, high traffic street and history of 95%+ occupancy. 15% cash on cash return. Rents can be raised.Investors alert! Rare, well maintained 30 unit multi-family site with an affordable price tag and 9.2%+ cap rate. Rochelle is the largest city in ogle county and central hub for rockford and dekalb. Large parking lot, coin op laundry, high traffic street and history of 95%+ occupancy. 15% cash on cash return. Rents can be raised.

    Sold By Entre Commercial Realty

    • Listed by: David Smith 847.778.3486 DAVIDSMITH27@HOTMAIL.COM • Entre Commercial Realty
    Listing closed: 10/01/2007 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 06334668

    Location

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    $6,131 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $4,829

    Property Taxes

    $1,303

    HOA Dues

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    Property Information for 320-22 South Main Street

    Property Details
    • Taxes: $15,632 / year
    • MLS Type: Multi Family 5+ / Corridor-Interior Entrance
    • County: Ogle County
    • Area: Flagg Center / Hillcrest / Kings / Rochelle
    • Air Conditioning Type: Window Unit(s)
    • Num of Interior Fireplaces: 1
    • Zoning: R3
    Building Information
    • Stories: 3
    • Residences: 30
    • Year Built: 1978
    • Lot Size: 1.00 AC / 43,750 SF
    General Information
    Addtl Parking Information
    • Num Of Garages: 0
    • Outdoor Parking: 31-50 Spaces
    Location and General Information
    • Information: 24-Hr Notice Required,Show-Call Listing Office,Highly Confidential
    • Postal Code Plus 4: 2064
    Taxes and HOA Information
    • Association Fee Includes: None
    • Additional Parcels: No
    Property Information
    Interior Features
    • Air Conditioning: Window Unit(s)
    • Electric: Circuit Breakers, Service - 0 to 100 Amps
    • # Of Washers: 4
    • Heat/Ventilation: Central Bldg Heat,Hot Water
    • # Of Window/Ac: 30
    • # Of Refrigerators: 30
    • Washer/Dryer Lsd: No
    • # Of Dryers: 4
    • # Of Disposals: 0
    • # Of Dishwashers: 0
    • Num of Baths: 30.0
    Utilities / Equipment
    • Utilities: Water-Municipal, Well-Community
    Property/Lot Information
    • Owners Association: No
    • Tenant Pays: Air Conditioning, Electricity
    • Built Before 1978: Yes
    • Approximate Age: 26-35 Years
    • Multi-Family Type: Corridor-Interior Entrance
    • Lot Dimensions: 125X350
    • Lot Size Square Feet: 0.0
    • Stories: 3
    • Exterior Building Type: Brick
    • Construction: Brick
    • Roof Type: Composition
    • Roof Structure: Pitched
    • Foundation Details: Concrete Perimeter
    • # Of Ranges: 30
    • MRD_UNC: No
    Property and Assessments
    • Possible Use: Multi-Family
    • Documents Available: Appraisal,Rent Roll,Leases
    • Public Document Count: 0
    • Photos Count: 1
    Miscellaneous
    • Current Use: Multi-Family
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 30
    Income & Expenses
    • Electric Expense: $1,511.00
    • Fuel Expense: $14,402.00
    • Gross Income: $147,900.00
    • Gross Scheduled Income: $150,540.00
    • Insurance Expense: $3,931.00
    • Maintenance Expense: $7,491.00
    • Effective Gross Income: $150,540.00
    • Expense Year: 2006
    • Janitor Expense: 0
    • Laundry Income (Annual): 2640
    • Annual Misc Income: 0
    • Net Operating Income Year: 2006
    • Total Monthly Income: 12545
    • Tax Expense Source: Actual
    • Net Operating Income: $94,021.00
    • Operating Expense: $54,425.00
    • Other Expense: $.00
    • Trash Expense: $1,512.00
    • Water Sewer Expense: $12,038.00
    • Annual Parking Income: 00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 30
    Unit 2
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 0
    Unit 3
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 0
    Unit 4
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 0
    Unit 5
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 0
    Unit 6
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 6
    • Unit Type Units Total: 0
    Unit 7
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 7
    • Unit Type Units Total: 0

    Property History for 320-22 South Main Street

    DateEvent & SourcePriceAppreciation
    Oct 1, 2007

    Sold

    MRED #06334668

    $950,000
    Oct 1, 2007

    Pending

    MRED #06334668

    Sep 30, 2007

    Sold

    MRED #06334668

    $950,000
    DateEvent & SourcePrice
    10/01/2007

    Sold

    MRED #06334668

    $950,000
    10/01/2007

    Pending

    MRED #06334668

    09/30/2007

    Sold

    MRED #06334668

    $950,000

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

    Schools near 320-22 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.

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    Listing Courtesy of Entre Commercial Realty

    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 08/03/2023 12:49 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.