7945 South Main Street

Rockford, IL 61102

$340,000
Price
8
Beds
4
Baths
1,288 Sq. Ft.
$264 / Sq. Ft.
1,288
Sq. Ft.
$264
per Sq. Ft.

Description

Lovely Countryside investment property on 2.97 acres AG zoned. Includes a 3bd house and grandfathered zoning for 9 mobile home spaces, (7 park owned and 2 tenant owned), plus a 3 bedroom ranch house and two detached garages (a 2 car and a 3 car). This is a good starter mobile home park. 3 bd House could be perfect for a live in owner, manager or rent it out for additional income. Property needs some TLC but it has so much potential! Great location on the outskirts of the transforming and economic...Lovely Countryside investment property on 2.97 acres AG zoned. Includes a 3bd house and grandfathered zoning for 9 mobile home spaces, (7 park owned and 2 tenant owned), plus a 3 bedroom ranch house and two detached garages (a 2 car and a 3 car). This is a good starter mobile home park. 3 bd House could be perfect for a live in owner, manager or rent it out for additional income. Property needs some TLC but it has so much potential! Great location on the outskirts of the transforming and economic growing city of Rockford, 4 miles from Chicago-Rockford International Airport (ranked in the top 15 cargo airports nationwide and home to Amazon Air, FedEx and 2nd largest UPS hub in the nation), 17 miles to I-90 (where opening of the New Hard Rock Casino target is Aug 2024) and 7 miles to the heart of downtown Rockford with a plethora of more locally owned businesses. It's also only 19 miles from the City of Belvidere (with growth in companies/manufacturing including Stellantis, General Mills and Walmart). Please see the attached document for more details of Expenses/Income and Income projection.
  1. Listed by Marla Anderson • Advantage Realtors
    P: 815-621-8681 C: 815-222-8700 marla.advantage23@gmail.com

Property Details for 7945 South Main Street

Style
1 Story
Total # of Parking Spaces
15

Location

Listing Courtesy of Advantage Realtors
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LISTING UPDATED: 01/30/2024 03:12 PM

Property Details for 7945 South Main Street

StatusActive And Available
MLS #202400315
Days on Market93
Taxes$3,389 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 5+ Units
Year Built1960
Lot Size-
CountyWinnebago County

Location

Listing Courtesy of Advantage Realtors
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Building Information for 7945 South Main Street

Stories1Residences10Year Built1960Building Size-Lot Size-

Payment Calculator

$2,138 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,856

Property Taxes

$282

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7945 South Main Street

Summary
Location and General Information
  • Grid: 28
  • City: ROCKFORD
  • State: IL
  • Zip: 61102
  • Address: 7945 South Main Street
  • County: Winnebago County
  • Zip Code: 61102
  • Year Built: 1960
  • School District: Rockford 205
  • Elementary School 1: Julia Lathrop Elementary
  • Middle School: Rockford Enviromental Science Academy
  • High School: Jefferson High
  • Zoning: AG
Taxes and HOA
  • Tax Year: 2022
  • Taxes: $3,389
Property
Lot Information
  • Front: 562.0
  • Rear: 450.0
  • Side 1: 405.0
  • Side 2: 258.0
  • Est Below Grade Fin SqFt: 0
  • Est Total Finished Sq. Ft.: 1288
  • Est Above Grade SqFt: 1288
Property and Assessments
  • Class: MULTIFAMILY
  • Type: 5+ Units
Utilities
  • Water: Well
  • Sewer: Septic
  • Electric: Circuit Breaker
  • Separate Utilities: Yes
  • Separate Electric Y/N: Yes
  • Separate Water Y/N: No
Interior and Exterior Features
Exterior Features
  • Exterior: Wood, Aluminum
  • General Features: Additional Parking, Fenced Yard
  • Roof: Other, Shingle
Interior Features
  • Water Heater: Gas
  • Heating: Natural Gas
  • Cooling: Window Unit
  • Appl Stay/Incl: Dryer, Refrigerator, Stove/Cooktop, Washer
  • Basement Y/N: No
  • Separate Heat Y/N: Yes
  • Washer/Dryer CoinOp Y/N: No
  • Washer/Dryer Hookup Y/N: Yes
  • Washer/Dryer Y/N: Yes
Multi Family
Income and Expenses
  • Insurance/YR: $2,585
  • Maintenance/YR: $0
  • Management/YR: $0
  • Utilities/YR: $820
  • Legal/Account/YR: 0
  • Other/YR: 10927
  • Potential Annual Income: $27,480
  • Potential Annual Expenses: 14532
Multi Family Information
  • Number of Floors in Bldg: 1
  • Number of Tenants in Bldg: 4
  • Number of Units: 10
Unit 1
  • Unit 1 Range: Yes
  • Unit 1 Garage Capacity: 2
  • Unit 1 # Beds: 3
  • Unit 1 AC: -
  • Unit 1 Refrigerator: Yes
  • Unit 1 # Rooms: 5
  • Unit 1 # Baths: 1
  • Unit 1 Heat: gas
  • Unit 1 SqFt: 1288
  • Unit 1 Lease/Deposit: 0
  • Unit 1 Rent: 800
Unit 2
  • Unit 2 Range: Yes
  • Unit 2 Garage Capacity: 0
  • Unit 2 # Beds: 1
  • Unit 2 AC: -
  • Unit 2 Refrigerator: Yes
  • Unit 2 # Rooms: 4
  • Unit 2 # Baths: 1
  • Unit 2 Heat: -
  • Unit 2 SqFt: 0
  • Unit 2 Lease/Deposit: 0
  • Unit 2 Rent: 400
Unit 3
  • Unit 3 Range: Yes
  • Unit 3 Garage Capacity: 0
  • Unit 3 # Beds: 1
  • Unit 3 AC: -
  • Unit 3 Refrigerator: Yes
  • Unit 3 # Rooms: 4
  • Unit 3 # Baths: 1
  • Unit 3 Heat: -
  • Unit 3 SqFt: 0
  • Unit 3 Lease/Deposit: 0
  • Unit 3 Rent: 475
Unit 4
  • Unit 4 Range: Yes
  • Unit 4 Garage Capacity: 0
  • Unit 4 # Beds: 1
  • Unit 4 AC: -
  • Unit 4 Refrigerator: Yes
  • Unit 4 # Rooms: 4
  • Unit 4 # Baths: 1
  • Unit 4 Heat: -
  • Unit 4 SqFt: 0
  • Unit 4 Lease/Deposit: 0
  • Unit 4 Rent: 300
Unit 5
  • Unit 5 Range: Yes
  • Unit 5 Garage Capacity: 0
  • Unit 5 # Beds: 1
  • Unit 5 AC: -
  • Unit 5 Refrigerator: Yes
  • Unit 5 # Rooms: 4
  • Unit 5 # Baths: 1
  • Unit 5 Heat: -
  • Unit 5 SqFt: 0
  • Unit 5 Lease/Deposit: 0
  • Unit 5 Rent: 265
Unit 6
  • Unit 6 Range: No
  • Unit 6 Garage Capacity: 0
  • Unit 6 # Beds: 1
  • Unit 6 AC: -
  • Unit 6 Refrigerator: No
  • Unit 6 # Rooms: 4
  • Unit 6 # Baths: 1
  • Unit 6 Heat: -
  • Unit 6 SqFt: 0
  • Unit 6 Lease/Deposit: 0
  • Unit 6 Rent: 0
Rental
Rent Information
  • Lease: No

Property History for 7945 South Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 7945 South Main Street

Taxable ValueLand$21,103Additions$15,539Total$36,642
Home Facts
Total Finished SqFt1,162 SqFtAbove Grade Finished SqFt1,162 SqFtStories1Lot Size129,373 SqFtStyleMulti-Family Dwelling (2-4)Year Built1960ZoningAGRICULTURALCountyWINNEBAGOAPN15-20-301-003

Schools near 7945 South Main Street

This home is within Rockford School District 205.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Julia Lathrop Elementary School
PublicK to 5

Rockford Envrnmntl Science Academy
Public6 to 8

Jefferson High School
Public9 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.

Similar Homes

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7945 South Main Street is a multi-family home for sale in Rockford, IL 61102. This property was listed for sale on January 29, 2024 by Advantage Realtors, it's currently listed at $340,000. It has been on the market for a total of 93 days and was last sold on December 6, 2019. This listing's school district is Rockford School District 205. Nearby schools include Julia Lathrop Elementary School, Rockford Envrnmntl Science Academy and Jefferson High School. 7945 South Main Street is a 8-bed, 4-bath, 1,288 sqft multi-family home built in 1960.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Advantage Realtors

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.