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  • $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

    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!

    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#: 202404940MLS Logo

    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
    Services availability