200 N Washington St

Rochelle, IL 61068

$385,000
Price
4
Beds
5
Baths
6,984 Sq. Ft.
$55 / Sq. Ft.
6,984
Sq. Ft.
$55
per Sq. Ft.

Description

A fantastic investment opportunity is now available in Rochelle, IL—a 5-unit commercial/multifamily brick building located in a prime downtown location, just minutes from I-39. This property offers excellent cash flow with minimal expenses for the landlord, making it an ideal low-maintenance asset. All units feature separate utilities, and the units are recently updated with all kitchen appliances staying. The building boasts a strong rental history with consistent occupancy. With very little upkeep...A fantastic investment opportunity is now available in Rochelle, IL—a 5-unit commercial/multifamily brick building located in a prime downtown location, just minutes from I-39. This property offers excellent cash flow with minimal expenses for the landlord, making it an ideal low-maintenance asset. All units feature separate utilities, and the units are recently updated with all kitchen appliances staying. The building boasts a strong rental history with consistent occupancy. With very little upkeep required, this is a turnkey opportunity perfect for investors seeking reliable income in a growing market.
  1. Listed by Carla K Benesh • Re/Max of Rock Valley

Property Details for 200 North Washington Street

Style
2 Story
Total # of Parking Spaces
0
LISTING UPDATED: 04/24/2025 12:56 PM

Property Details for 200 North Washington Street

StatusActive And Available
MLS #202502017
Days on Market54
Taxes$3,302 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / 5+ Units
Year Built1940
Lot Size-
CountyOgle County

Location

Listing Courtesy of Re/Max of Rock Valley
Add your commute

Building Information for 200 North Washington Street

Stories2Residences5Year Built1940Building Size-Lot Size-

Payment Calculator

$2,292 per month

30 year fixed, 6.845% Interest

Principal and Interest

$2,017

Property Taxes

$275

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 200 North Washington Street

Summary
Location and General Information
  • Grid: O6
  • City: ROCHELLE
  • State: IL
  • Zip: 61068
  • Address: 200 N Washington Street
  • County: Ogle County
  • Zip Code: 61068
  • Year Built: 1940
  • School District: Rochelle 231
  • Elementary School 1: Rochelle
  • Middle School: Rochelle Middle
  • High School: Rochelle
  • Township: Rochelle
  • Zoning: MultiFamily/Comm
Property
Lot Information
  • Property Type: Multi Family 5+
  • Est Below Grade Fin SqFt: 0
  • Est Total Finished Sq. Ft.: 6984
  • Est Above Grade SqFt: 6984
Property and Assessments
  • Class: MULTIFAMILY
  • Type: 5+ Units
  • Status: ACTIVE and AVAILABLE
  • PIN: 2424385008
  • HUD: No
Utilities
  • Water: City
  • Sewer: City
  • Electric: Circuit Breaker
  • Separate Utilities: Yes
  • Separate Electric Y/N: Yes
  • Separate Water Y/N: No
Interior and Exterior Features
Exterior Features
  • Exterior: Brick/Stone
  • General Features: None
  • Roof: Rubber
Interior Features
  • Basement Type: Partial
  • Water Heater: Electric
  • Heating: Electric, Forced Air, Natural Gas, Radiant
  • Cooling: None
  • Appl Stay/Incl: Refrigerator, Stove/Cooktop
  • Basement Y/N: Yes
  • Separate Heat Y/N: Yes
  • Washer/Dryer CoinOp Y/N: No
  • Washer/Dryer Hookup Y/N: No
  • Washer/Dryer Y/N: No
Multi Family
Income and Expenses
  • Insurance/YR: $2,900
  • Maintenance/YR: $0
  • Management/YR: $0
  • Utilities/YR: $1,200
  • Legal/Account/YR: 0
  • Other/YR: 0
  • Potential Annual Income: $46,200
Multi Family Information
  • Number of Floors in Bldg: 2
  • Number of Tenants in Bldg: 5
  • Number of Units: 5
Unit 1
  • Unit 1 Range: Yes
  • Unit 1 Garage Capacity: 0
  • Unit 1 # Beds: 1
  • Unit 1 AC: N
  • Unit 1 Refrigerator: Yes
  • Unit 1 # Rooms: 3
  • Unit 1 # Baths: 1
  • Unit 1 Heat: Elec
  • Unit 1 SqFt: 0
  • Unit 1 Lease/Deposit: 0
  • Unit 1 Rent: 700
Unit 2
  • Unit 2 Range: Yes
  • Unit 2 Garage Capacity: 0
  • Unit 2 # Beds: 1
  • Unit 2 AC: N
  • Unit 2 Refrigerator: Yes
  • Unit 2 # Rooms: 3
  • Unit 2 # Baths: 1
  • Unit 2 Heat: Elec
  • Unit 2 SqFt: 0
  • Unit 2 Lease/Deposit: 0
  • Unit 2 Rent: 725
Unit 3
  • Unit 3 Range: Yes
  • Unit 3 Garage Capacity: 0
  • Unit 3 # Beds: 1
  • Unit 3 AC: N
  • Unit 3 Refrigerator: Yes
  • Unit 3 # Rooms: 3
  • Unit 3 # Baths: 1
  • Unit 3 Heat: Elec
  • Unit 3 SqFt: 0
  • Unit 3 Lease/Deposit: 0
  • Unit 3 Rent: 700
Unit 4
  • Unit 4 Range: Yes
  • Unit 4 Garage Capacity: 0
  • Unit 4 # Beds: 1
  • Unit 4 AC: N
  • Unit 4 Refrigerator: Yes
  • Unit 4 # Rooms: 3
  • Unit 4 # Baths: 1
  • Unit 4 Heat: Elec
  • Unit 4 SqFt: 0
  • Unit 4 Lease/Deposit: 0
  • Unit 4 Rent: 625
Unit 5
  • Unit 5 Range: No
  • Unit 5 Garage Capacity: 0
  • Unit 5 # Beds: 0
  • Unit 5 AC: W
  • Unit 5 Refrigerator: No
  • Unit 5 # Rooms: 1
  • Unit 5 # Baths: 1
  • Unit 5 Heat: Gas
  • Unit 5 SqFt: 0
  • Unit 5 Lease/Deposit: 0
  • Unit 5 Rent: 1100
Rental
Rent Information
  • Lease: No

Property History for 200 North Washington Street

DateEvent & SourcePriceAppreciation
Apr 24, 2025

Listed (Active)

MRED #12345164

$385,000
Apr 23, 2025

Listed (Active)

NorthWest Illinois Alliance of REALTORS® #202502017

$385,000
DateEvent & SourcePrice
04/24/2025

Listed (Active)

MRED #12345164

$385,000
04/23/2025

Listed (Active)

NorthWest Illinois Alliance of REALTORS® #202502017

$385,000

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

Public Records for 200 North Washington Street

Taxable ValueLand$5,494Additions$34,422Total$39,916
Tax Record2024$3,513 ($293 / month)
Home Facts
Total Finished SqFt6,984 SqFtAbove Grade Finished SqFt6,984 SqFtStories2StyleMiscellaneous CommercialYear Built1940CountyOGLEAPN24-24-385-008

Schools near 200 North Washington 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 - PK to 5
Rating
School
Distance
Central Elementary School
Public2 to 3

Rochelle Middle School
Public6 to 8

Rochelle Twp High School
Public9 to 12

May Elementary School
PublicPK 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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200 North Washington Street is a multi-family home for sale in Rochelle, IL 61068. This property was listed for sale on April 24, 2025 by Re/Max of Rock Valley, it's currently listed at $385,000. 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. 200 North Washington Street is a 4-bed, 4-bath, 6,984 sqft multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims 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 discretion of the seller. 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 04/24/2025 12:56 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.