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  • $640,000

    1608 E Rock Falls Rd, Rock Falls, IL 61071

    --beds
    --baths
    16,000sqft
    5+ Units
    Built in 2005
    -- sqft lot
    $839,200 Zestimate®
    $40/sqft
    $-- HOA

    What's special

    Looking for a long term, excellent investment with 13 apartment units and 36 storage units?? The apartments were built in 1995, are in two buildings, very seldom vacant, and rents that average about $9000.00 total per month. A number of the units have been recently renovated with new flooring, paint, and appliances. Apartment square footages range from 450 square feet to 900 square feet. The two self-storage units are all steel roofed, have square footages from 100 square feet up to 400 square feet and were built in 2005. All four buildings and the two adjacent lots are included in the sale. These units are located on Route 30, 3 miles West of I-80 and easily accessed from I-88. They have high returns, a great rental history, and are well built and maintained. The septic was recently pumped and the well was checked.

    Zillow last checked: 7 hours ago

    Listing updated: June 05, 2023 at 12:01pm

    Listed by:

    Karen Senior 815-275-5633,

    Wingert Real Estate Llc

    Bought with:

    JD Gieson, 475189225

    Re/Max Of Rock Valley

    Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202301509MLS Logo

    Facts & features

    Interior

    Heating
    • Electric
    Cooling
    • Wall Unit(s)
    Appliances
    • Included: Refrigerator, Stove/Cooktop, Oven, Electric Water Heater
    Features
    • Has basement: No
    Interior area
    • Total structure area: 16,000
    • Total interior livable area: 16,000 sqft
    • Finished area above ground: 16,000
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 13
    • Parking features: Additional Parking
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck, Patio
    Lot
    • Dimensions: 186.04 x 478.37 x 185.71 x 458.98
    Details
    • Additional structures: Shed(s)
    • Parcel number: 1702126024
    • Zoning: Improved commercial

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 5+ Units
    Materials
    • Siding
    • Foundation: Slab
    • Roof: Shingle,Metal
    Condition
    • Year built: 2005

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Septic Tank
    • Water: Well
    • Utilities for property: No Separate Utilities

    Community & neighborhood

    Location
    • Region: Rock Falls
    • Subdivision: IL

    Other

    Other facts
    • Listing terms: 1031 Exchange
    Services availability
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