Bought with Joseph Eurek of Dickerson & Nieman Realtors - Rockford
$330,000
$314,990
4.8%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
0.41 Acres Lot
SOLD DATE : 06/13/2025
Key Details
Sold Price $330,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12302767
Sold Date 06/13/25
Style Ranch
Bedrooms 4
Year Built 1958
Annual Tax Amount $5,385
Tax Year 2023
Lot Size 0.410 Acres
Lot Dimensions 138X156.5
Property Sub-Type Two to Four Units
Property Description
Turnkey 4-Unit Investment Property - Strong Rental Income And Excellent Tenant Appeal! Each 1-bedroom, 1-bathroom unit features a spacious living area and kitchen, providing comfortable living for tenants. The property sits on a generous half-acre lot, allowing for ample outdoor space and accommodating extra-large garage spaces for each tenant-perfect for parking and storage. Recent updates add value and reduce maintenance costs, including some new windows (2019), a new roof (2017), newer carpet in Unit #1, and a newer furnace in Unit #3. With strong rental potential and a prime location, this property is a must-see for investors. One unit can be shown and others are same layout and can be shown if buyer is serious after seeing the first unit. Limited showings available until the property is officially on the market-reach out to for more details. SOLD AS-IS Current rental income: Unit #1 & #4: 800 each Unit #2: 900 Unit #3: 750. Total rental income is 3,250/month.
Location
State IL
County Winnebago
Zoning MULTI
Rooms
Basement None
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Garage Spaces 4.0
View Y/N true
Roof Type Asphalt
Building
Sewer Public Sewer
Water Public
Structure Type Frame
New Construction false
Schools
School District 122, 122, 122
Others
Ownership Fee Simple
Special Listing Condition None
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