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$385,000
Est. payment /mo
6,984 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 6,984 sqft
Price per Sqft $55
MLS Listing ID 12345164
Year Built 1940
Annual Tax Amount $3,302
Tax Year 2023
Lot Size 3,484 Sqft
Lot Dimensions 50X75
Property Sub-Type Multi Family 5+
Property 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 required, this is a turnkey opportunity perfect for investors seeking reliable income in a growing market.
Location
State IL
County Ogle
Area Flagg Center / Hillcrest / Kings / Rochelle
Rooms
Basement Unfinished
Interior
Cooling None
Fireplace N
Exterior
Utilities Available Sewer Connected
Roof Type Rubber
Building
Dwelling Type Multi Family 5+
Water Community Water
Level or Stories 2
Structure Type Brick
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Listed by Carla Benesh • RE/MAX of Rock Valley