2651 20th Street

Rockford, IL
$ 0 Beds 0 Baths 0
Monthly Estimate* How much can I afford?

Auction! $549,000 is the minimum bid not the asking price. This fully leased and stabilized strip mall is being offered at an approximate 9.6% cap rate. All tenants are current and leases are in place. This property consist of two buildings with a total of 11 units. It has had annual roof and mechanical maintenance. A recent roof inspection was performed in 2019 and found to have no structural issues were found at that time. The parking lot was also sealed and re-striped this past year. The property was also surveyed within the last 8 years and passed a Phase I survey for the lender. The seller is retiring and seeking to liquidate assets. This property is a turn key investment opportunity for an investor with an attractive 9.6% cap rate. This is a unique great opportunity for an investor looking for a safe and stable investment property. ***DO NOT DISTURB THE TENANTS***

Auction

  • Price
  • $ 0
  • Lot Size
  • 1.03 Acres
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • Year Built
  • 2004
  • Half Bathrooms
  • 0
  • City, Zip
  • Rockford
  • Taxes
  • 20976
  • County
  • WINNEBAGO
  • Style
  • Commercial
  • Area
  • Rockford
  • MLS#
  • 10753610
  • Zip
  • 61109
Listing Provided by: AW Properties Global/Auction Works

Features

General

Financial Amounts For Total Building (rental Only) (y/n) Yes
Lease Type N/A
Location Corner
Property SubType SC, ST
Status Auction
Status Date 2020-06-22T18:25:15
Tax Year 2018
Taxes 20976
Total Units 11
Year Built 2004
Zoning RTAIL

Interior Features

Air Conditioning Central Individual, Ceiling Fans
Fire Protection Fire Extinguisher/s, Smoke or Fire Protectors
Heat/ventilation Ceiling Units, Electric, Forced Air, Gas
Total Stories 1
Utilities Electric to Site, Gas to Site, Water-Municipal, Water to Site

Exterior Features

Building Area Total 11340
Docks None
Foundation Details Concrete
Frontage/Access City Street
Lot Dimensions 447X100
Lot Sq Ft 44700
Managing Broker (y/n) Yes
Number of Parking Spaces 91
Roof Structure Flat
Water Drainage Storm Sewers

Amenities

  • 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

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Loves Park, IL office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% 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.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

6/19/2020 Listed $549,000
6/22/2020 100% - $0

Property vs Zip Code Average in 61109

Taxes
AVG $20,976
$20,976
Visits
AVG 9
8
Year Built
AVG 2004
2004
Walkscore
AVG 44
44
Data Provided by Walkscore ® not using MLS data

Map

2651 20th Street Rockford, IL is a Single Family Home for sale at $0 and a lot size of 1.03 Acres Acre(s). 2651 20th Street Rockford has 0 bedrooms, 0 baths and was built in 2004. The property's zip code is 61109 which is in Rockford, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% 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.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.