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Sold on 06/29/2023
Jonathan Gieson of RE/MAX of Rock Valley

307 8th Ave, Sterling, IL 61081

$88,500

Last sold 06/29/2023 after 9 Days

  • 7

    bed

  • 4

    bath

Multi-family not for sale
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About 307 8th Ave

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 7,841 Sqft
Parking 3 garage spaces
Property description
Income potential! This brick 4 unit just blocks from downtown Sterling offers investors with loads of cash flow and value add opportunity. This structure features three 2 bedroom and one 1 bedroom units, a full basement, and a 3 car detached garage that is also currently leased. Seller currently pays all utilities, but there are four separate electric meters and two gas meters for additional saving opportunities. Make this a part of your portfolio today!
Listed by
Listing Agent - Jonathan Gieson
Listing Office - RE/MAX of Rock Valley
Source: MRED mls logo
MLS#11812388 • last updated 3 years ago
Movoto checked MRED for data 8 hours ago
Overview
MLS # 11812388
SubType 4 Flat
Status Closed
Type Two To Four Units
Lot Size (Acres) 0.18
Property Tax $ 3408.92
Year Built 1900
Buyer Agent Commission 3% -$150 ADMIN FEE, % Of Net Sale Price
Interior
Basement Full, Unfinished
Total # of Rooms 15
Exterior
Foundation Stone
Roof Asphalt
Exterior Brick
# Garage Spaces 3
Parking Desc Garage
# Parking Spaces 3
Garage Desc Detached
Lot Desc Less Than 0.25 Acre
Amenities / Utilities
Sewer/ Septic Desc Public Sewer
Water Source Public
# Units in Building 4
Location
Area Sterling
County Whiteside
Elementary School District 5
Middle School District 5
High School District 5
APN 11223130100000
Multifamily Details
Net Operating Income 22560
Gross Income 31260
Total Rental Income 31260
We are not permitted to show value estimates for this property.
  • Aug 2023
    mls logo MLS # 11812388
  • Aug 29, 2023 Sold
    $88,500 (-6.7%)
  • Jun 30, 2023 Pending
    —
  • Jun 20, 2023 Listed
    $94,900 (+10.3%)
  • Dec 2006
    Public Records
  • Dec 29, 2006 Sold
    $86,000
  • Year Property taxes Tax assessment
  • 2024
    $3,704 +5.9%
    $35,524 +6.53%
  • 2023
    $3,496 +2.6%
    $33,346 +4.52%
  • 2022
    $3,409 +3.6%
    $31,904 +6.04%
  • 2021
    $3,290 +2.9%
    $30,087 +3.63%
  • 2020
    $3,198 +0.6%
    $29,033 +1.85%
  • 2019
    $3,178 +1.1%
    $28,506 -0.16%
  • 2018
    $3,144 -0.2%
    $28,552 +0.69%
  • 2017
    $3,150 +2.6%
    $28,357 +3.33%
  • 2016
    $3,070 +4.6%
    $27,443 -2.67%
  • 2015
    $2,936 +0.2%
    $28,196
  • 2014
    $2,929
    —
  • 307 8th Ave
    $88.5K
  • West Broadway
    $129K +24% y/y
  • 61081
    $157K +26% y/y
  • Sterling
    $156K +25% y/y
No chart available
Statistics calculated by Movoto

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5/10
Sterling High School
public Grades 9-12
Sterling Community Unit School District 5
Source: GreatSchools.org © 2026. All rights reserved.

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