2425 Wesleyan Avenue, ROCKFORD IL 61108 Photo 1 2425 Wesleyan Avenue, ROCKFORD IL 61108 Photo 2 2425 Wesleyan Avenue, ROCKFORD IL 61108 Photo 3 2425 Wesleyan Avenue, ROCKFORD IL 61108 Photo 4 2425 Wesleyan Avenue, ROCKFORD IL 61108 Photo 5 2425 Wesleyan Avenue, ROCKFORD IL 61108 Photo 6 2425 Wesleyan Avenue, ROCKFORD IL 61108 Photo 7 2425 Wesleyan Avenue, ROCKFORD IL 61108 Photo 8 2425 Wesleyan Avenue, ROCKFORD IL 61108 Photo 9
Listing Courtesy of Pioneer Real Estate Services Inc

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2425 Wesleyan Avenue - 2425, 2505, and 2513 Wesleyan Ave being sold together with a total of 54 one-bedroom apartments in secured buildings. Well-cared-for with excellent rental history. Only two owners in the last 40 years. Some units are rented with furnishings. On-site laundry. New asphalt parking lot in 2017. 2513 Wesleyan and garage/carport were sided in 2016.

Listing information

  • MLS® ID: 10073765
  • Status: Active
  • New Construction: No
  • Lot Size: 208X614X208X614X
  • Style: Multi-Family
  • Stories: 2
  • Foreclosure: No
  • Estimated Annual Taxes: $58,215
  • Year Built: 1970
  • Parking Type Description: None 0 cars
  • Lot Area: 0.75 Acres
  • County: Winnebago

Features

Approximate Age 36-50 Years
Basement Description None
Built Before 1978 (Y/N) Yes
Construction Wood Frame
Current Use Residential-Multi-Family
Electrical Service 0-100 Amps, Separate Meters
Exterior Building Type Brick, Vinyl Siding
Fire Protection Alarm On Site
Foundation Concrete
Franchisor Feed(y/n) No
Frontage/Access City Street
Heat/Ventilation Baseboard, Electric
Information 24-Hr Notice Required, Listing Agent Must Accompany, No Sign on Property, Show-Call Owner
Known Encumbrances None Known
Land Amenities Cable Ready, Lighting/Exterior, Sidewalks
Misc Inside Furnished Units Available, Inside Corridor/s, Laundry Room, Storage Inside
Other # Of Dishwashers - 0, # Of Disposals - 0, # Of Dryers - 7, # Of Ranges - 54, # Of Refrigs - 54, # Of Units - 54, # Of Washers - 7, Electricity Expense - 19332, Expense Year - 2017, Fuel Expense - 0, Gross Rent Multiplier - 6.74, Gross Rental Income $ - 36016, Insurance Expense - 16930, Janitor Expense - 12530, Net Oper Income $ - 20933, Net Operating Income Year - 2017, Other Expenses - 0, Repairs-Decor Expense - 0, Scavenger Expense - 0, Tax Year - 2016, Total Annual Exp - 150833, Total Annual Income - 407580, Total Monthly Income - 30013, Township - Rockford, Water Expense - 0, Zoning Type - Multi
Outdoor Parking 51-100 Spaces
Ownership Type Limited Liability Corp
Possession Closing
Potential Use Residential-Multi-Family
Property Type Multi Family 5+
Roof Coverings Shingle Composition
Roof Structure Gable
Tenant Pays Air Conditioning, Electric, Heat
Type Multi-Family Corridor-Interior Entrance
Utilities To Site Sanitary Sewer to Site, Water-Municipal
Washer/Dryer Lsd (Y/N) No
Listing Courtesy of Pioneer Real Estate Services Inc