Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
0 Beds
9,480 sqft

$990,000

300 S Main Street, Rochelle IL, 61068

Price per sqft$104.43
Built in1977
Property size9,480 sqft
Property typeMulti-family
Listed by Sherry Murphy with Hayden Real Estate, Inc. 815-761-4554

Overview

Active

Listed Aug 28, 2026

Updated Sep 4

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.

$6,586/mo

Est. mortgage payment based on a $990,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12726018

Interior Features

Bedrooms
0
Cooling
Yes
Basement
Yes

Exterior Features

Lot Size
0.62 Acres

Other Property Details

Taxes
$22,685
Tax Frequency
Annually
Maintenance Expense
$11,576
MLS provider logo

Listed by Sherry Murphy with Hayden Real Estate, Inc. 815-761-4554

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than The Pelton Collaborative are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 9/4/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. Properties displayed may be listed or sold by various participants in the MLS. Properties displayed may be listed or sold by various participants in the MLS.

©2026 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data is refreshed every 3 hours. Listing last updated 7:17 AM UTC on 9/4/2026. 

DMCA Notice

 

 

Powered by Luxury Presence