102 South Walnut Street

Lindenwood, IL 61049

$295,000
Price
8
Beds
5
Baths
4,405 Sq. Ft.
$67 / Sq. Ft.
4,405
Sq. Ft.
$67
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 K Benesh • Re/Max of Rock Valley

Property Details for 102 South Walnut Street

Style
2 Story
Total # of Parking Spaces
8

Location

Listing Courtesy of Re/Max of Rock Valley
Add your commute
LISTING UPDATED: 02/13/2025 07:57 AM

Property Details for 102 South Walnut Street

StatusActive And Available
MLS #202407025
Days on Market78
Taxes$2,799 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / 5+ Units
Year Built1950
Lot Size-
CountyOgle County

Building Information for 102 South Walnut Street

Stories2Residences5Year Built1950Building Size-Lot Size-

Payment Calculator

$1,779 per month

30 year fixed, 6.845% Interest

Principal and Interest

$1,546

Property Taxes

$233

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 102 South Walnut Street

Summary
Location and General Information
  • Grid: O6
  • City: LINDENWOOD
  • State: IL
  • Zip: 61049
  • Address: 102 S Walnut Street
  • County: Ogle County
  • Zip Code: 61049
  • Year Built: 1950
  • School District: Rochelle 231
  • Elementary School 1: Eswood Community Consolidated K-8
  • Middle School: Eswood Community Consolidated K-8
  • High School: Rochelle
  • Township: Lynville
  • Zoning: Commercial
Property
Lot Information
  • Property Type: Multi Family 5+
  • Est Below Grade Fin SqFt: 0
  • Est Total Finished Sq. Ft.: 4405
  • Est Above Grade SqFt: 4405
Property and Assessments
  • Class: MULTIFAMILY
  • Type: 5+ Units
  • Status: ACTIVE and AVAILABLE
  • PIN: 1905380006
  • HUD: No
  • Additional PINS: 1905380007
Utilities
  • Water: City
  • Sewer: City
  • Electric: Circuit Breaker
  • Separate Utilities: No
  • Separate Electric Y/N: Yes
  • Separate Water Y/N: Yes
Interior and Exterior Features
Exterior Features
  • Exterior: Siding, Vinyl
  • General Features: None
  • Roof: Rubber
Interior Features
  • Basement Type: Partial
  • Water Heater: Electric
  • Heating: Baseboard, Electric, Hot Water/Steam, Natural Gas
  • Cooling: None
  • Appl Stay/Incl: Refrigerator, Stove/Cooktop
  • Basement Y/N: Yes
  • Separate Heat Y/N: Yes
  • Washer/Dryer CoinOp Y/N: No
  • Washer/Dryer Hookup Y/N: Yes
  • Washer/Dryer Y/N: Yes
Multi Family
Income and Expenses
  • Insurance/YR: $3,552
  • Maintenance/YR: $0
  • Management/YR: $0
  • Utilities/YR: $5,640
  • Legal/Account/YR: 0
  • Other/YR: 0
  • Potential Annual Income: $39,480
Multi Family Information
  • Number of Floors in Bldg: 2
  • Number of Tenants in Bldg: 5
  • Number of Units: 5
Unit 1
  • Unit 1 Range: Yes
  • Unit 1 Garage Capacity: 0
  • Unit 1 # Beds: 2
  • Unit 1 AC: N
  • Unit 1 Refrigerator: Yes
  • Unit 1 # Rooms: 5
  • Unit 1 # Baths: 1
  • Unit 1 Heat: Elec
  • Unit 1 SqFt: 1300
  • Unit 1 Lease/Deposit: 0/00
  • Unit 1 Rent: 800
Unit 2
  • Unit 2 Range: Yes
  • Unit 2 Garage Capacity: 0
  • Unit 2 # Beds: 2
  • Unit 2 AC: N
  • Unit 2 Refrigerator: Yes
  • Unit 2 # Rooms: 4
  • Unit 2 # Baths: 1
  • Unit 2 Heat: Ele
  • Unit 2 SqFt: 825
  • Unit 2 Lease/Deposit: 0/00
  • Unit 2 Rent: 715
Unit 3
  • Unit 3 Range: Yes
  • Unit 3 Garage Capacity: 0
  • Unit 3 # Beds: 2
  • Unit 3 AC: N
  • Unit 3 Refrigerator: Yes
  • Unit 3 # Rooms: 4
  • Unit 3 # Baths: 1
  • Unit 3 Heat: Gas
  • Unit 3 SqFt: 975
  • Unit 3 Lease/Deposit: 0/00
  • Unit 3 Rent: 550
Unit 4
  • Unit 4 Range: Yes
  • Unit 4 Garage Capacity: 0
  • Unit 4 # Beds: 1
  • Unit 4 AC: N
  • Unit 4 Refrigerator: Yes
  • Unit 4 # Rooms: 3
  • Unit 4 # Baths: 1
  • Unit 4 Heat: Gas
  • Unit 4 SqFt: 550
  • Unit 4 Lease/Deposit: 0/00
  • Unit 4 Rent: 600
Unit 5
  • Unit 5 Range: Yes
  • Unit 5 Garage Capacity: 0
  • Unit 5 # Beds: 1
  • Unit 5 AC: N
  • Unit 5 Refrigerator: Yes
  • Unit 5 # Rooms: 3
  • Unit 5 # Baths: 1
  • Unit 5 Heat: Elec
  • Unit 5 SqFt: 400
  • Unit 5 Lease/Deposit: 0/00
  • Unit 5 Rent: 625
Rental
Rent Information
  • Lease: No

Property History for 102 South Walnut Street

DateEvent & SourcePriceAppreciation
Feb 13, 2025

Price Change

MRED #12258335

$295,000
Feb 12, 2025

Price Change

NorthWest Illinois Alliance of REALTORS® #202407025

$295,000
Dec 20, 2024

Listed (Active)

MRED #12258335

$325,000
Dec 19, 2024

Listed (Active)

NorthWest Illinois Alliance of REALTORS® #202407025

$325,000
DateEvent & SourcePrice
02/13/2025

Price Change

MRED #12258335

$295,000
02/12/2025

Price Change

NorthWest Illinois Alliance of REALTORS® #202407025

$295,000
12/20/2024

Listed (Active)

MRED #12258335

$325,000
12/19/2024

Listed (Active)

NorthWest Illinois Alliance of REALTORS® #202407025

$325,000

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 $295,000. 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, 4-bath, 4,405 sqft 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 02/13/2025 07:57 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.