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.
For sale
$385,000
200 N Washington St, Rochelle, IL 61068
--beds
--baths
6,984sqft
Est.:
5+ Units
Built in 1940
-- sqft lot
$-- Zestimate®
$55/sqft
$-- HOA
What's special
Prime downtown locationSeparate utilities
- 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#: 202502017

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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