102 South Walnut Street

Lindenwood, IL 61049

$325,000
Price
8
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This well-maintained 5-family property offers great investment potential with excellent cash flow, located in a charming community of Lindenwood just off Rt 64 (North Avenue) and close to I-39 for easy commuting. Situated on a double lot, the property boasts a spacious yard that provides ample outdoor space for tenants. With a mix of large apartments, this property appeals to a wide range of renters. Whether you're an experienced investor or just starting out, this multi-family home offers a solid...This well-maintained 5-family property offers great investment potential with excellent cash flow, located in a charming community of Lindenwood just off Rt 64 (North Avenue) and close to I-39 for easy commuting. Situated on a double lot, the property boasts a spacious yard that provides ample outdoor space for tenants. With a mix of large apartments, this property appeals to a wide range of renters. Whether you're an experienced investor or just starting out, this multi-family home offers a solid opportunity in a convenient and growing location. Don't miss out on this income-producing gem!
  1. Listed by Carla Benesh • RE/MAX of Rock Valley

Property Details for 102 South Walnut Street

Area
Lindenwood
Township
Lynville
Num of Interior Fireplaces
0
Zoning
COMMR
LISTING UPDATED: 12/21/2024 02:05 AM

Property Details for 102 South Walnut Street

StatusNew
MLS #12258335
Days on Market2
Taxes$3,407 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1950
Lot Size0.00 AC / 0 SF
CountyOgle County

Building Information for 102 South Walnut Street

Stories2Residences5Year Built1950Building Size-Lot Size0.00 AC / 0 SF

Property Information for 102 South Walnut Street

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Circuit Breakers
  • # Of Washers: 3
  • Basement Description: Unfinished
  • Heat/Ventilation: Electric,Gas,Hot Water
  • # Of Window/Ac: 0
  • # Of Refrigerators: 5
  • Washer/Dryer Lsd: No
  • # Of Dryers: 3
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 5.0
Utilities / Equipment
  • Utilities: Well Private
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance,Corridor-Interior Entrance
  • Lot Dimensions: 0X0
  • Stories: 2
  • Exterior Building Type: Vinyl Siding
  • Construction: Wood Frame
  • Fire Protection: Smoke or Fire Protectors
  • Roof Structure: Flat
  • Foundation Details: Block
  • Building Area Total: 4405
  • # Of Ranges: 5
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-12-20T21:49:18
  • Photos Count: 40
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $4,200.00
  • Fuel Expense: $1,440.00
  • Gross Income: $39,480.00
  • Gross Scheduled Income: $39,480.00
  • Insurance Expense: $3,552.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Actual
  • Known Encumbrances: First Mortgage
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Other Expense Source: Actual
  • Repairs-Decor Expense Source: Owner Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 3290
  • Water Expense Source: Actual
  • Net Operating Income: $23,964.00
  • Operating Expense: $15,516.00
  • Other Expense: $.00
  • Trash Expense: $1,716.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 102 South Walnut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 102 South Walnut Street

Taxable ValueLand$3,517Additions$32,041Total$35,558
Tax Record2023$2,799 ($233 / month)
Home Facts
StyleMiscellaneous CommercialCountyOGLEAPN19-05-380-007

Schools near 102 South Walnut Street

This home is within Rochelle Twp Hsd 212 School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Eswood Child Care Grade School
PublicK to 8

Rochelle Twp High School
Public9 to 12

Rochelle Focus House
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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102 South Walnut Street is a multi-family home for sale in Lindenwood, IL 61049. This property was listed for sale on December 20, 2024 by RE/MAX of Rock Valley, it's currently listed at $325,000. This listing's school districts are Rochelle Twp Hsd 212 School District, Eswood Central Consolidated School District 269. Nearby schools include Eswood Child Care Grade School, Rochelle Twp High School and Rochelle Focus House. 102 South Walnut Street is a 8-bed, 5-bath, multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX of Rock Valley

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 12/21/2024 02:05 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.