Huge investment opportunity! This complex is composed of 44 total residential units, stretching across 5 buildings, all on one parcel. 4, 8-unit 1 bedroom apartments, and a 5th featuring 6, 2 bedroom and 6, 1 bedroom units. Tenants responsible for all utilities. Each building features brand new sewer lines. Two 8 unit buildings were subject to massive renovation projects including, but not limited to, all new plumbing, roofs, windows, doors, covered porch, and siding. Said units are just awaiting final touches and interior completion, to maximize rental capabilities. Many materials already acquired and ready to go. Garbage & exterior parking provided. Possible additional income potential could be achieved through operation of coin laundry on the premises. Add some sweat equity, and let your passive income dreams be accomplished all in one place!
Sold
$2,090,650
1201 Dixon Rd, Rock Falls, IL 61071
--beds
--baths
3,800sqft
5+ Units
Built in 1973
-- sqft lot
$841,800 Zestimate®
$550/sqft
$-- HOA
What's special
Zillow last checked: 8 hours ago
Listing updated: September 23, 2024 at 12:40pm
Listed by:
JD Gieson 815-732-9100,
Re/Max Of Rock Valley
Bought with:
NON-NWIAR Member
Northwest Illinois Alliance Of Realtors®
Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202404940

Facts & features
Interior
Heating
- Baseboard
Cooling
- Wall Unit(s)
Appliances
- Included: Refrigerator, Stove/Cooktop, Electric Water Heater
Features
- Has basement: No
Interior area
- Total structure area: 3,800
- Total interior livable area: 3,800 sqft
- Finished area above ground: 3,800
- Finished area below ground: 0
Property
Parking
- Total spaces: 60
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Details
- Parcel number: 1127427007
- Zoning: R4
- Special conditions: Agent Owned/Interest
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Brick/Stone, Vinyl
- Roof: Shingle
Condition
- Year built: 1973
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: City
- Water: City
- Utilities for property: Separate Utilities
Community & neighborhood
Location
- Region: Rock Falls
- Subdivision: IL