300 S Main St, Rochelle, IL

Name: 300 S Main St, For Sale in Rochelle - Zoocasa
Brand: Hayden Real Estate, Inc.
SKU: 12726018
Price: 990000 USD

House

For Sale

Listed price in listed location currency (USD).

$990,000

000

MLS® 12726018

Overview

Key Facts

Type

Levels Commercial Sale

Size -

Garage

Taxes $22,685

Days Active 17

Lot Size 0.61 Acres

Approx. Age 1977

MLS® Number 12726018

Property Address: 300 S Main St, Rochelle, IL, 61068-2030

Average square foot calculated using Size range provided by listing agent.

Description

An outstanding opportunity to acquire a well-maintained 16-unit multifamily asset comprised of a 12-unit apartment building constructed in 1977 and an attached four-unit farmhouse originally built in 1910. This unique property offers a diverse unit mix, consistent occupancy, and a proven history of stable operations. The property has benefited from ongoing capital improvements, including new exterior deck stairs, updated Pergo flooring in many units, new tile bathroom flooring, and numerous interior updates completed throughout the years as units have turned over. Pride of ownership is evident, with continued investment in both the buildings and individual apartments. The 12-unit apartment building features individually metered electric heat, with tenants responsible for their own electric service. Ownership pays water, sewer, and trash. The attached farmhouse is served by hot water heat, with ownership paying heat, water, sewer, and trash, providing an efficient utility structure for the property. With a consistently low vacancy rate, this investment offers dependable cash flow, limited turnover, and strong long-term performance. The combination of steady occupancy, ongoing improvements, and attractive operating characteristics makes this an excellent opportunity for investors seeking a stable, income-producing multifamily asset with future upside potential.

MLS® Number12726018

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1977

BasementUnfinished

Driveway

Garage Spaces

Heat

A/CWindow Unit(s)

Extras

Map

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