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.
Property Details
Price:
$990,000
MLS #:
MRD12726018
Status:
Active
Beds:
7
Baths:
5
Type:
Commercial
Neighborhood:
flaggcenterhillcrestkingsrochelle
Listed Date:
Aug 28, 2026
Total Sq Ft:
9,480
Lot Size:
26,814 sqft / 0.61 acres (approx)
Year Built:
1977
See this Listing
Schools
Interior
Cooling
Window Unit(s)
Exterior
Construction Materials
Vinyl Siding, Brick
Roof
Composition
Stories
2
Financial
Maintenance Fee
$11,576
Tax Year
2025
Taxes
$22,685
Map
Community
- Address300 S Main Street Rochelle IL
- CityRochelle
- CountyOgle
- Zip Code61068
Market Summary
Current real estate data for Commercial in Rochelle as of Oct 03, 2026
5
Commercial Listed
342
Avg DOM
$1,046,400
Avg List Price
Property Summary
- 300 S Main Street Rochelle IL is a Commercial for sale in Rochelle, IL, 61068. It is listed for $990,000
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Copyright 2026. All rights reserved.
300 S Main Street
Rochelle, IL

