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Listed by Carla Benesh • Re/Max of Rock Valley
$385,000
Est. payment /mo
4 Beds
6,984 SqFt
Active
200 N Washington Street Rochelle, IL 61068
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Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,984 sqft
Price per Sqft $55
Subdivision Il
MLS Listing ID 202502017
Style 2 Story
Bedrooms 4
Annual Tax Amount $3,302
Tax Year 2023
Property Sub-Type 5+ Units
Property Description
A fantastic investment opportunity is now available in Rochelle, IL—a 5-unit commercial/multifamily brick building located in a prime downtown location, just minutes from I-39. This property offers excellent cash flow with minimal expenses for the landlord, making it an ideal low-maintenance asset. All units feature separate utilities, and the units are recently updated with all kitchen appliances staying. The building boasts a strong rental history with consistent occupancy. With very little upkeep required, this is a turnkey opportunity perfect for investors seeking reliable income in a growing market.
Location
State IL
County Ogle County
Area O6
Rooms
Basement Partial
Interior
Hot Water Electric
Heating Electric, Forced Air, Natural Gas, Radiant
Cooling None
Exterior
Exterior Feature Brick/Stone
Roof Type Rubber
Building
Sewer City
Water City
Schools
Elementary Schools Rochelle
Middle Schools Rochelle Middle
High Schools Rochelle
School District Rochelle 231