300 S Main Street Rochelle, IL $ 990,000
300 S Main Street
$ 990,000
Recently Listed
Share Save

300 S Main Street

Rochelle, IL, 61068
$ 990,000
Bedrooms7 Baths0.0 Sq 9,480

Monthly Estimate*

$ 6,251

300 S Main Street, Rochelle, IL 61068 - Image 1
300 S Main Street, Rochelle, IL 61068 - Image 2
300 S Main Street, Rochelle, IL 61068 - Image 3
300 S Main Street, Rochelle, IL 61068 - Image 4
300 S Main Street, Rochelle, IL 61068 - Image 5
300 S Main Street, Rochelle, IL 61068 - Image 6

Multi-Family Home for sale in Rochelle, IL

for $990,000 with 7 bedrooms. This 9,480 square foot home was built in 1977 on a lot size of 0.61.

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.

See more

Multi-Family Active

Price

$ 990,000

Bedrooms

7

Property Type

Multi-Family

Taxes

$ 22,685

Style

Multi-Family

Lot Size

0.61

Year Built

1977

Town/City

Rochelle

County/Region

Ogle

MLS | Web ID

12726018

Features
General
Cooling Window Unit(s)
Roof Composition
Zoning MULTI
Construction Materials Vinyl Siding Brick
Year Built 1977
Electric Circuit Breakers
Tenant Pays Electricity
Stories Count 2
Township Flagg
Tax Year 2025
Current Use Multi-Family
Gross Income 155160
County Ogle
Net Operating Income 111527
Operating Expense 43633
Insurance Expense 9105
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 11576
Possible Use Multi-Family
Status New
Directions Highway 38 to Lincoln Highway (south) to 1st Street (east) to Main Street (south)
City Rochelle
Number Of Units Total 16
MLS Area Flagg Center / Hillcrest / Kings / Rochelle
Lot Size Square Feet 26814
Tax Annual Amount 22685.32
Electric Expense 1500
Fuel Expense 2893
Trash Expense 1000
Water Sewer Expense 1825
Additional Parcels Y/N N
Standard Status Active
See more
Interior
Basement Unfinished
See more
Exterior
Building Area Total 9480
Lot Dimensions 135x200
Lot Size Acres 0.61
See more
* Excluded Features
List By
Hayden Real Estate, Inc.

Broker

smurphy@haydenreinc.com

Email

Affordability Calculator

$8,141
Per Month
77%
23%
0%
Monthly Principal & Interest
$6,251
Monthly Property Taxes
$1,890
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/28/2026$990,000 Listed Price

Map


See all

300 S Main Street, Rochelle, IL, 61068 is a Multi-Family Home for sale at $990,000 with 9,480 sqft and a lot size of 0.61. 300 S Main Street has 7 bedrooms, 0.0 baths, and was built in 1977. The property's zip code is 61068 which is in Rochelle, IL