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$ 310,000
$ 374,900 17.3%
Est. payment | /mo
3,055 SqFt
$ 310,000
$ 374,900 17.3%
Est. payment | /mo
3,055 SqFt
Key Details
Sold Price $310,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 3,055 sqft
Price per Sqft $101
MLS Listing ID 12388598
Sold Date 08/29/25
Year Built 1974
Annual Tax Amount $6,934
Tax Year 2024
Lot Size 0.260 Acres
Lot Dimensions 170X215X131
Property Sub-Type Multi Family 5+
Property Description
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!
Location
State IL
County Ogle
Area Byron
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Roof Type Rubber
Building
Structure Type Brick,Shake Siding
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Listed by Rebecca Adams • Re/Max of Rock Valley
Bought with Araceli Insko • Compass
Bought with Araceli Insko • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "