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For sale
  • $385,000

    200 N Washington St, Rochelle, IL 61068

    --beds
    --baths
    6,984sqft
    : 
    5+ Units
    Built in 1940
    -- sqft lot
    $-- Zestimate®
    $55/sqft
    $-- HOA

    What's special

    Prime downtown locationSeparate utilities
    A fantastic investment opportunity is now available in Rochelle, IL—a 5-unit commercial/multifamily brick building located in a prime downtown location, just minutes from I-39. This property offers excellent cash flow with minimal expenses for the landlord, making it an ideal low-maintenance asset. All units feature separate utilities, and the units are recently updated with all kitchen appliances staying. The building boasts a strong rental history with consistent occupancy. With very little upkeep required, this is a turnkey opportunity perfect for investors seeking reliable income in a growing market.
    109 days
    on Zillow
    |
    344
    |
    21
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 10, 2025 at 06:41am

    Listed by:

    Carla Benesh 815-985-6235,

    Re/Max Of Rock Valley

    Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202502017MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 200 N Washington St.

    Next available tour time:Wednesday at 9am

    Facts & features

    Interior

    Heating
    • Electric, Forced Air, Natural Gas, Radiant
    Cooling
    • None
    Appliances
    • Included: Refrigerator, Stove/Cooktop, Electric Water Heater
    Features
    • Basement: Partial
    Interior area
    • Total structure area: 6,984
    • Total interior livable area: 6,984 sqft
    • Finished area above ground: 6,984
    • Finished area below ground: 0

    Property

    Features
    • Levels: Two
    • Stories: 2
    Details
    • Parcel number: 2424385008
    • Zoning: MultiFamily/Comm

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 5+ Units
    Materials
    • Brick/Stone
    • Roof: Rubber
    Condition
    • Year built: 1940

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: City
    • Water: City
    • Utilities for property: Separate Utilities

    Community & HOA

    Community
    • Subdivision: IL
    Location
    • Region: Rochelle

    Financial & listing details

    • Price per square foot: $55/sqft
    • Tax assessed value: $1,020
    • Annual tax amount: $3,302
    • Price range: $385K - $385K
    • Date on market: 4/24/2025
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