Rock Falls IL Multi Family for Sale
ADDITIONAL INFORMATION
Prime Investment Opportunity on Route 30! This turn-key, 9-unit rental property in Rock Falls offers 8 fully furnished studio apartments plus a one-bedroom unit. Located near I-88, it provides easy access for travelers and tenants. No long-term leases- conducted as week to week stays. Utilities and Internet are all included for ultimate convenience. Ideal for investors seeking high occupancy potential in a well-connected location!
$120,000
414 4th Avenue Rock Falls, IL 61071
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 5
- Year built:
- 1900
- Baths:
- 4.00
- MLS#:
- 12195355
View additional info
Courtesy: RE/MAX Sauk Valley
815-625-3722
ADDITIONAL INFORMATION
This property has been extensively updated and is ready for tenants, offering a hassle-free investment opportunity. Recent upgrades include new gas lines, an updated PVC sewer line, and a complete electrical system overhaul completed in 2024. The roof was replaced in 2022, and new drywall has been installed throughout the building. The front exterior features fresh vinyl siding, and shared laundry facilities are available for all tenants. The property includes four units: Unit 1 with 2 bedrooms and 1 bathroom, Units 2 and 3 with 1 bedroom and 1 bathroom each, and Unit 4, a studio. With all these improvements, this property is move-in ready and an excellent investment-don't miss out on this opportunity!
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Rock Falls Real Estate
The median home value in Rock Falls, IL is $94,100. This is lower than the county median home value of $108,100. The national median home value is $338,100. The average price of homes sold in Rock Falls, IL is $94,100. Approximately 59.05% of Rock Falls homes are owned, compared to 30.24% rented, while 10.7% are vacant. Rock Falls real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Rock Falls real estate agent to arrange a tour today!
Rock Falls, Illinois 61071 has a population of 8,807. Rock Falls 61071 is more family-centric than the surrounding county with 26.69% of the households containing married families with children. The county average for households married with children is 25.42%.
The median household income in Rock Falls, Illinois 61071 is $45,780. The median household income for the surrounding county is $59,812 compared to the national median of $69,021. The median age of people living in Rock Falls 61071 is 39.4 years.
Rock Falls Weather
The average high temperature in July is 83.8 degrees, with an average low temperature in January of 12.1 degrees. The average rainfall is approximately 38 inches per year, with 28.9 inches of snow per year.