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Listed by Rebecca Hazzard • Re/Max of Rock Valley
$ 500,000
Est. payment | /mo
10 Beds
8,000 SqFt
$ 500,000
Est. payment | /mo
10 Beds
8,000 SqFt
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $62
Subdivision Il
MLS Listing ID 202606020
Style 2 Story
Bedrooms 10
Annual Tax Amount $5,456
Tax Year 2025
Property Sub-Type 5+ Units
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
Area Winnebago County
Rooms
Basement Partial
Interior
Hot Water Gas
Heating Electric, Natural Gas
Cooling Window Unit
Exterior
Exterior Feature Stucco
Roof Type Shingle
Building
Sewer City
Water City
Schools
Elementary Schools Pecatonica Elementary
Middle Schools Pecatonica Comm Middle
High Schools Pecatonica High
School District Pecatonica 321