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$ 500,000
Est. payment | /mo
8,000 SqFt
$ 500,000
Est. payment | /mo
8,000 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $62
MLS Listing ID 12767631
Year Built 1915
Annual Tax Amount $5,456
Tax Year 2025
Lot Size 6,098 Sqft
Lot Dimensions 50x50x90x90x
Property Sub-Type Multi Family 5+
Property Description
Prime mixed-use investment opportunity in downtown Pecatonica! This 7-unit property features two storefronts and five residential apartments, including three 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one 3-bedroom/1-bath unit. Currently generating approximately $6,000 per month in income, this property offers great cash flow and is an excellent addition to any investment portfolio. Many recent improvements have already been completed, including cosmetic updates throughout several of the apartments with updated flooring, paint, and more. A new furnace and water heater have also been recently installed. The building is has separately metered gas and electric, helping keep owner expenses low and operations efficient. Located right in downtown Pecatonica, this is a great opportunity to own an income-producing property with a mix of residential and commercial space. Financials available to qualified buyers.
Location
State IL
County Winnebago
Area Pecatonica
Zoning COMMR
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Roof Type Composition
Building
Dwelling Type Multi Family 5+

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Listed by Rebecca Hazzard of RE/MAX of Rock Valley
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