218 North 4th Street

Rockford, IL 61107

$430,000
Price
7
Beds
4
Baths
7,535 Sq. Ft.
$57 / Sq. Ft.
7,535
Sq. Ft.
$57
per Sq. Ft.

Description

This 10 unit building is a real money maker. All units are rented to month-to-month tenants. Yearly income $68,460 but could be higher. The attached 2 story home has 3 units, one 2 bedroom and the other 2 have a one bedroom with small office. Newer roof and furnaces. Water heater about a month old. The other building has one studio apartment and the rest all one bedrooms and 6 one bedrooms, most of them remodeled. Roof was done less than 3 years ago. All units have electric heat and AC in the wall....This 10 unit building is a real money maker. All units are rented to month-to-month tenants. Yearly income $68,460 but could be higher. The attached 2 story home has 3 units, one 2 bedroom and the other 2 have a one bedroom with small office. Newer roof and furnaces. Water heater about a month old. The other building has one studio apartment and the rest all one bedrooms and 6 one bedrooms, most of them remodeled. Roof was done less than 3 years ago. All units have electric heat and AC in the wall. Parking is unassigned and shared plus there's plenty of street parking. New blacktop. There's a heated 2 car garage with workshop, 1/2 bath, utility sink and lots of storage. Building to be sold as a package with 212 N 4th St Rockford IL 61107. All room sizes are approximate.
  1. Listed by Michelle Marcu-Carlson • Ultimate Realty Inc.
    C: (815)-975-0555 realtormichelle@ymail.com

Property Details for 218 North 4th Street

Style
2 Story
Total # of Parking Spaces
6
LISTING UPDATED: 11/20/2024 01:10 PM

Property Details for 218 North 4th Street

StatusActive And Available
MLS #202406004
Days on Market33
Taxes$7,671 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 5+ Units
Year Built1900
Lot Size-
CountyWinnebago County

Building Information for 218 North 4th Street

Stories2Residences10Year Built1900Building Size-Lot Size-

Property Information for 218 North 4th Street

Summary
Location and General Information
  • Grid: 56
  • City: ROCKFORD
  • State: IL
  • Zip: 61107
  • Address: 218 N 4 Street
  • County: Winnebago County
  • Zip Code: 61107
  • Year Built: 1900
  • School District: Rockford 205
  • Elementary School 1: District 205-RFD
  • Middle School: District 205-RFD
  • High School: District 205-RFD
Taxes and HOA
  • Tax Year: 2023
  • Taxes: $7,671
Property
Lot Information
  • Est Below Grade Fin SqFt: 0
  • Est Total Finished Sq. Ft.: 7535
  • Est Above Grade SqFt: 7535
Property and Assessments
  • Class: MULTIFAMILY
  • Type: 5+ Units
Utilities
  • Water: City
  • Sewer: City
  • Electric: Circuit Breaker
  • Separate Utilities: No
  • Separate Electric Y/N: Yes
  • Separate Water Y/N: No
Interior and Exterior Features
Exterior Features
  • Exterior: Brick/Stone, Wood
  • General Features: Additional Parking, Storage Area
  • Roof: Shingle
Interior Features
  • Water Heater: Gas
  • Heating: Electric, Hot Water/Steam
  • Cooling: Wall Unit, Window Unit
  • 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: No
  • Washer/Dryer Y/N: No
Multi Family
Income and Expenses
  • Insurance/YR: $5,491
  • Maintenance/YR: $0
  • Management/YR: $0
  • Utilities/YR: $19,093
  • Legal/Account/YR: 0
  • Other/YR: 1320
  • Potential Annual Income: $68,460
Multi Family Information
  • Number of Floors in Bldg: 2
  • Number of Tenants in Bldg: 10
  • Number of Units: 10
Unit 1
  • Unit 1 Range: Yes
  • Unit 1 Garage Capacity: 1
  • Unit 1 # Beds: 2
  • Unit 1 AC: y
  • Unit 1 Refrigerator: Yes
  • Unit 1 # Rooms: 3
  • Unit 1 # Baths: 1
  • Unit 1 Heat: y
  • Unit 1 SqFt: 600
  • Unit 1 Lease/Deposit: 0
  • Unit 1 Rent: 625
Unit 2
  • Unit 2 Range: Yes
  • Unit 2 Garage Capacity: 1
  • Unit 2 # Beds: 1
  • Unit 2 AC: y
  • Unit 2 Refrigerator: Yes
  • Unit 2 # Rooms: 3
  • Unit 2 # Baths: 1
  • Unit 2 Heat: y
  • Unit 2 SqFt: 600
  • Unit 2 Lease/Deposit: 0
  • Unit 2 Rent: 600
Unit 3
  • Unit 3 Range: Yes
  • Unit 3 Garage Capacity: 1
  • Unit 3 # Beds: 1
  • Unit 3 AC: y
  • Unit 3 Refrigerator: Yes
  • Unit 3 # Rooms: 3
  • Unit 3 # Baths: 1
  • Unit 3 Heat: y
  • Unit 3 SqFt: 600
  • Unit 3 Lease/Deposit: 0
  • Unit 3 Rent: 600
Unit 4
  • Unit 4 Range: Yes
  • Unit 4 Garage Capacity: 1
  • Unit 4 # Beds: 1
  • Unit 4 AC: y
  • Unit 4 Refrigerator: Yes
  • Unit 4 # Rooms: 2
  • Unit 4 # Baths: 1
  • Unit 4 Heat: y
  • Unit 4 SqFt: 500
  • Unit 4 Lease/Deposit: 0
  • Unit 4 Rent: 625
Unit 5
  • Unit 5 Range: Yes
  • Unit 5 Garage Capacity: 1
  • Unit 5 # Beds: 1
  • Unit 5 AC: y
  • Unit 5 Refrigerator: Yes
  • Unit 5 # Rooms: 2
  • Unit 5 # Baths: 1
  • Unit 5 Heat: y
  • Unit 5 SqFt: 500
  • Unit 5 Lease/Deposit: 540
  • Unit 5 Rent: 540
Unit 6
  • Unit 6 Range: Yes
  • Unit 6 Garage Capacity: y
  • Unit 6 # Beds: 1
  • Unit 6 AC: y
  • Unit 6 Refrigerator: Yes
  • Unit 6 # Rooms: 2
  • Unit 6 # Baths: 1
  • Unit 6 Heat: y
  • Unit 6 SqFt: 500
  • Unit 6 Lease/Deposit: 0
  • Unit 6 Rent: 600
Rental
Rent Information
  • Lease: No

Property History for 218 North 4th 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 218 North 4th Street

Taxable ValueLand$4,639Additions$69,247Total$73,886
Tax Record2023$7,672 ($639 / month)
Home Facts
Total Finished SqFt7,535 SqFtAbove Grade Finished SqFt7,535 SqFtStories2StyleMulti-Family Dwelling (2-4)Year Built1900ZoningC4CountyWINNEBAGOAPN11-23-458-010

Schools near 218 North 4th Street

This home is within Rockford School District 205.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 3 to 5
Rating
School
Distance
C Henry Bloom Elementary School
PublicK to 5

Eisenhower Middle School
Public6 to 8

Guilford High School
Public9 to 12

Cherry Valley Elementary School
Public3 to 5

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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218 North 4th Street is a multi-family home for sale in Rockford, IL 61107. This property was listed for sale on October 19, 2024 by Ultimate Realty Inc., it's currently listed at $430,000. It has been on the market for a total of 33 days and was last sold on October 19, 2004. This listing's school district is Rockford School District 205. Nearby schools include C Henry Bloom Elementary School, Eisenhower Middle School and Guilford High School. 218 North 4th Street is a 7-bed, 4-bath, 7,535 sqft multi-family home built in 1900.

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 Ultimate Realty Inc.

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 11/20/2024 01:10 PM. 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.