320-22 S Main St

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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.
  1. Listed by David Smith • Entre Commercial Realty
    P: (847)-778-3486 DAVIDSMITH27@HOTMAIL.COM

Sold By Entre Commercial Realty

Property Details for 320-22 South Main Street

Area
Flagg Center / Hillcrest / Kings / Rochelle
Num Of Parking Spaces
40.0
Air Conditioning Type
Window Unit(s)
Num of Interior Fireplaces
1
Zoning
R3
LISTING CLOSED: 10/01/2007 12:00 AM

Property Details for 320-22 South Main Street

StatusClosed
MLS #06334668
Days on Market328
Taxes$15,632 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1978
Lot Size1.00 AC / 43,750 SF
CountyOgle County

Location

Add your commute

Building Information for 320-22 South Main Street

Stories3Residences30Year Built1978Building Size-Lot Size1.00 AC / 43,750 SF

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30 year fixed, 6.36% Interest

Principal and Interest

$4,734

Property Taxes

$1,303

HOA Dues

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Property Information for 320-22 South Main Street

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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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 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.