300 S Main Street
Rochelle, IL, 61068
$990,000
7 Beds
5 Baths
0 SqFt
0.61 Acres
Add
MLS #MRD12726018 image #0
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
Flagg Center / Hillcrest / Kings / RochelleFlaggcenterhillcrestkingsrochelle

Ask a Question

See this Listing

Send
  

Schools

Interior

Cooling
Window Unit(s)

Exterior

Construction Materials
Vinyl Siding, Brick
Roof
Composition
Stories
2

Financial

Maintenance Fee
$11,576
Net Operating Income
$111,527
Tax Year
2025
Taxes
$22,685

Map

Community

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

Similar Listings Nearby

300 S Main Street
Rochelle, IL