$990,000
( $104.43Per Sq Foot )
 $5,315 est/mo Sourced by Back At You

300 S Main Street,Rochelle, IL 61068

Rochelle, IL 61068

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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.

Details

MLS #12726018
Listing TypeFor Sale
StyleMulti Family 5+
Sub-TypeResale
StatusActive
Year1977
Days On Site34
Listing Provided ByHayden Real Estate, Inc. | Sherry Murphy

Features

SQ Feet9,480
BasementY
Story(s)2
Units16
ZoningMULTI
Acreage0.61

Interior

CoolingWindow Unit(s)

Exterior

RoofComposition
Construction MaterialsVinyl Siding, Brick

Utilities

ElectricCircuit Breakers

Taxes

Tax Year2025
Tax Annual Amount22685.32

Area Information

StateIL
CountyOgle
CityRochelle
Zip Code61068
AreaFlagg Center | Hillcrest | Kings | Rochelle
Listing VS Median (in 61068)
Price:
$990,000
low | high
Med:
$280,000
100% of Average
sqft:
9,480
low | high
Med:
1,173
100% of Average
$ / sqft:
$104
low | high
Med:
$239
78.624046303604% of Average
On site:
34
low | high
Med:
74.5
45.637583892617% of Average
Sourced by Back At You

Market Activity 61068

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Additional Information

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Contact

Learn More About This Property

Kristi Wolfe

Kristi Wolfe

Daniel and Associates Real Estate

475.215799 (847) 767-1023kristiw@daare.com
StateIL
CountyOgle
CityRochelle
Zip Code61068
AreaFlagg Center | Hillcrest | Kings | Rochelle
Listing VS Median (in 61068)
Price:
$990,000
low | high
Med:
$280,000
100% of Average
sqft:
9,480
low | high
Med:
1,173
100% of Average
$ / sqft:
$104
low | high
Med:
$239
78.624046303604% of Average
On site:
34
low | high
Med:
74.5
45.637583892617% of Average
Sourced by Back At You
Listing Updated: September 28, 2026 at 5:17:45 PM PDT