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820 Lincoln Highway Rochelle, IL 61068 Multi Unit - Multiple New

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Description

Fantastic investment opportunity with strong income history. This well-maintained duplex features two spacious 2-bedroom, 1-bathroom units. The lower unit is a long-term rental with a reliable tenant who has been in place for multiple years. This unit features generously sized rooms, beautiful hardwood floors in the living room, and both front and back entrances for added convenience. The upper unit is currently operating as a successful short-term rental and comes fully furnished - completely turnkey for the next owner to seamlessly continue short-term rental operations. Just like the lower level, it offers 2 bedrooms, 1 bathroom, a large living room with hardwood floors, and both front and back entrances. Each unit includes two exterior parking spaces accessible from the alley behind the home, providing ample off-street parking. Both units also have access to the basement, where a shared laundry facility is available. Owner currently pays gas, water, sewer, garbage, internet and upstairs electricity.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 4
Bathrooms: 2
County: Ogle
High School: Rochelle Township High School
Listed By:
Coldwell Banker Realty 630-377-1771
MRED MLS
$249,900
Est. $1,647/mo
4beds
2baths
New to the Market New
BEDS4 BATHS2 full MLS#12578295
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 212

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820 Lincoln Highway , Rochelle, IL 61068.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $249,900$249,900$249,900
Down Payment $49,980$8,747$62,475
Monthly Mortgage Amount $1,199$1,471$1,531
Taxes $348$348$348
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$110$0
Monthly Estimated Total $1,647$2,029$1,979

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