Last Sold Price
708 Pines Rd, Oregon, IL 61061

Description

Awesome cash flow on this "no vacancy" 5 unit apartment building in Oregon. Conveniently located near schools and parks and just off of IL RT2. Current annual income of $23,697. Each unit has its own utilities. 2 coin operated washer & NEW commercial dryers bring an income of $1144.50. These units have been recently updated to include fresh paint, newer vinyl windows and newer roof. Don't hesitate on this investment!Awesome cash flow on this "no vacancy" 5 unit apartment building in Oregon. Conveniently located near schools and parks and just off of IL RT2. Current annual income of $23,697. Each unit has its own utilities. 2 coin operated washer & NEW commercial dryers bring an income of $1144.50. These units have been recently updated to include fresh paint, newer vinyl windows and newer roof. Don't hesitate on this investment!
LISTING CLOSED: 05/09/2019 12:00 AM

  1. Listed by Carla K Benesh • Re/Max of Rock Valley
    P: (815) 985-6235 carla@carlabenesh.com

Property Details for 708 Pines Road

MLS #
201807888
Days on Market
128
Taxes
$3,274 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family 5+ / 5+ Units
Year Built
1959
Lot Size
-
Style
2 Story
Total # of Parking Spaces
5

Location

Listing Courtesy of Re/Max of Rock Valley

Sold By Re/Max of Rock Valley

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Building Information for 708 Pines Road

Stories2Residences5Year Built1959Building Size-Lot Size-

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Property Information for 708 Pines Road

Summary
Location and General Information
  • Grid: O5
  • City: OREGON
  • State: IL
  • Zip: 61061
  • Address: 708 Pines Road
  • County: Ogle County
  • Zip Code: 61061
  • Year Built: 1959
  • School District: Oregon 220
  • Elementary School 1: Oregon Elementary
  • Middle School: Oregon
  • High School: Oregon High
  • Township: NASHUA
  • Zoning: MULTI
Property
Lot Information
  • Front: 0.0
  • Rear: 0.0
  • Side 1: 0.0
  • Side 2: 0.0
  • Property Type: Multi Family 5+
  • Est Below Grade Fin SqFt: 0
  • Est Main Sq. Ft.: 2220
Property and Assessments
  • Class: MULTIFAMILY
  • Type: 5+ Units
  • Status: SOLD & CLOSED
  • PIN: 1604478023
  • HUD: No
  • Additional PINS: 1604478013
Utilities
  • Water: City
  • Sewer: City
  • Electric: Separate Meters
  • Separate Utilities: Yes
Interior and Exterior Features
Exterior Features
  • Exterior: Brick/Stone, Siding
  • General Features: Laundry in Building, Storage Area
  • Roof: Shingle
Interior Features
  • Water Heater: Gas
  • Heating: Baseboard, Electric
  • Cooling: Window Unit
  • Appl Stay/Incl: Dryer, Refrigerator, Stove/Cooktop, Washer
Multi Family
Income and Expenses
  • Insurance/YR: $1,500
  • Maintenance/YR: $0
  • Management/YR: $200
  • Utilities/YR: $400
  • Legal/Account/YR: 0
  • Other/YR: 1312
  • Potential Annual Income: $23,697
  • Other Income: $1,145
Multi Family Information
  • 1 BR - In Unit Laundry: No
  • 1 BR - Half Baths: 0
  • 2 BR - Fireplace: No
  • 2 BR - In Unit Laundry: No
  • 3 BR - Fireplace: No
  • 3 BR - In Unit Laundry: No
  • Studio - In Unit Laundry: No
  • 1 BR - # of Like Units: 1
  • 1 BR - Full Baths: 1
  • 2 BR - # of Like Units: 2
  • 2 BR - Full Baths: 1
  • 2 BR - Half Baths: 0
  • 3 BR - # of Like Units: 1
  • 3 BR - Full Baths: 1
  • 3 BR - Half Baths: 0
  • Studio - # of Like Units: 1
  • Studio - Full Baths: 1
  • Studio - Half Baths: 0
  • Number of Floors in Bldg: 2
  • Number of Tenants in Bldg: 5
  • Number of Units: 5
  • 3 BR - Garage: 0.0
  • 3 BR - Monthly Rent: $575
  • Studio - Monthly Rent: $375
  • 1 BR - Fireplace: No
  • 1 BR - Garage: 0.0
  • 1 BR - Monthly Rent: $450
  • 2 BR - Garage: 0.0
  • 2 BR - Monthly Rent: $495

Property History for 708 Pines Road

DateEvent & SourcePriceAppreciation
May 9, 2019

Sold

MRED #10165012

$150,000
May 8, 2019

Sold

NorthWest Illinois Alliance of REALTORS® #201807888

$150,000
Apr 8, 2019

Pending

MRED #10165012

DateEvent & SourcePrice
05/09/2019

Sold

MRED #10165012

$150,000
05/08/2019

Sold

NorthWest Illinois Alliance of REALTORS® #201807888

$150,000
04/08/2019

Pending

MRED #10165012

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

Public Records for 708 Pines Road

Taxable ValueLand$6,241Additions$69,711Total$75,952
Tax Record2025$7,367 ($614 / month)
Home Facts
Total Finished SqFt600 SqFtAbove Grade Finished SqFt600 SqFtLot Size5,842 SqFtStyleMiscellaneous CommercialCountyOGLEAPN16-04-478-023

Schools near 708 Pines Road

This home is within Oregon Community Unit School District 220.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Rating
School
Distance
Oregon Elementary School
PublicPK to 6

Oregon High School
Public7 to 12

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 708 Pines Road, Oregon, IL 61061
$150,000
$80,000
2
1,304
12,632
$159,000
1,776
11,220
$97,000
3,860
$82,500
888
8,712
$97,000
3
11,325

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 Re/Max of Rock Valley

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 05/10/2019 08:24 AM. 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.