Price Reduction
102 West 1st Street Lindenwood, IL
$ 119,900
Property Attributes
  • MLS#10477437
  • TypeMulti-Family
  • CountyOGLE
  • CityLindenwood
  • AreaLindenwood
  • Zip61049
  • Style
  • Year Built1950
  • Taxes2592
  • Price$ 119,900
  • Bedrooms7
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4405
Listing Provided Courtesy Of:
Hayden Real Estate, Inc.
Property Description

$10,000 PRICE DROP...at this price BUYER must CLOSE by Dec. 18th, 2019. This 5-unit apartment building is located in a small town north of Rochelle. The community is quiet, but there are two major employers in the town and traditionally tenants work there. The two bedroom apartments (3) are very large, have good soundproofing, nice kitchens, and the two on the lower level have washer and dryer. All units draw good tenants and good rent and are rarely vacant; so much so that the landlord is able to command first, last, and damage deposits. The one bedroom units are simple but one of them has been rented by the same tenant for 10 years. Updates to the building interior have been significant over the past 15 years while the outside remains modest if not basic (and thus is not called to the attention of the tax assessor). The boiler is a well maintained Weil Mclain (Bullet proof). Both hot water heaters are new in the last 3 years. Considering the asking price, the capitalization rate on this apartment building is the best you are going to find.

Price History
8/7/2019 Listed $149,900
9/6/2019 7% - $139,900
10/4/2019 8% - $129,900
10/17/2019 8% - $119,900

General Features

Age Older
Built Before 1978 Yes
Electric Expense 2930
Multi-Family Type Corridor-Exterior Entrance, Corridor-Interior Entrance
Other Expenses 1050
Ownership Type Corporation
Status Price Change
Tax Year 2018
Taxes 2592
Total Annual Income 34500
Total Units 5
Year Built 1950
Zoning COMMR

Interior Features

Air Conditioning None
Basement Description Unfinished
Board Number 19
Dryer(s) 3
Fire Protection Smoke or Fire Protectors
Ranges 5
Refrigerators 5
Total Monthly Income 2875
Total Stories 2
Unit Type 1 Rooms 5
Unit Type 4 Full Baths 1
Unittype3bedstotal 2
Utilities Well-Private

Exterior Features

Building Area Total 4405
Exterior Building Type Vinyl Siding
Foundation Details Block
Frontage/Access City Street
Lot Dimensions 155X101X91X58X70X74
Number of Parking Spaces 8

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 61049

AVG $120K
AVG $2,592
Year Built
AVG 1950

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