Investment Opportunity – Fully Rented 8-Unit Multifamily Property Near Town! Discover this well-maintained 8-unit multifamily property offering an excellent investment opportunity with consistent rental income. Conveniently located close to town, this property features eight studio apartments, each equipped with a refrigerator, stove, and either a wall or window A/C unit for tenant comfort. The building is thoughtfully designed with four units on the upper level and four on the lower level, connected by central carpeted hallways on each floor. Each unit is separately metered for electricity, allowing tenants to pay their own electric bills. The landlord covers water, sewer, and garbage, simplifying utility management. All units are currently fully rented, making this a turnkey investment with immediate cash flow potential. Whether you’re expanding your portfolio or seeking your first multifamily investment, this property offers reliable returns and long-term potential. Don’t miss this opportunity!
Sold for $310,000 on 08/29/25
$310,000
217 E 3rd St, Byron, IL 61010
--beds
--baths
3,055sqft
5+ Units
Built in 1974
-- sqft lot
$314,300 Zestimate®
$101/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 05, 2025 at 02:04pm
Listed by:
Rebecca Adams 815-509-5837,
Re/Max Of Rock Valley
Bought with:
Araceli Insko, 475194149
Compass
Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202503064
Facts & features
Interior
Heating
- Baseboard, Electric
Cooling
- Wall Unit(s), Window Unit(s)
Appliances
- Included: Refrigerator, Stove/Cooktop, Electric Water Heater
Features
- Has basement: No
Interior area
- Total structure area: 3,055
- Total interior livable area: 3,055 sqft
- Finished area above ground: 3,055
- Finished area below ground: 0
Property
Parking
- Total spaces: 8
- Parking features: Additional Parking
Features
- Levels: Two
- Stories: 2
Details
- Parcel number: 0532132003
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Brick/Stone, Wood
- Foundation: Slab
- Roof: Rubber
Condition
- Year built: 1974
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: City
- Water: City
- Utilities for property: No Separate Utilities
Community & neighborhood
Location
- Region: Byron
- Subdivision: IL