For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Rochelle 61068
421 7th Avenue W
$76,000
● House - Off Market

421 7th Avenue W

Rochelle, IL 61068
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,062 Ft²
$636
Est. Monthly

About This Property

Investor alert! Opportunity is knocking in Rochelle! This 3 bedroom, 1.5 bath property sits on a very large corner lot with alley access, just minutes from downtown. Inside you'll find main floor laundry, a massive living room and kitchen, plus enclosed upper and lower porches. Yes, it needs work, but that's where the value is hiding. Bring your handyman, add instant equity, and cash in on the rents. A prime chance to build sweat equity and grow your portfolio!
Unit Size
2,062 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$44
Property Type
House
Property Taxes
$194
HOA Dues
-
Year Built
1900

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,415
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,194
  • Total Building Area: 2,062
  • Building Area: 2,062
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,062
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PALMERS FIRST ADD
  • Land Acres: 0000000188
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: RNG/BLK: TWP:0 SECT/LOT: LOT 6 BLK 3 PALMERS 1ST ADD CITY OF ROCHELLE

Neighborhood

  • School District Name: Rochelle Township High School District 212
  • Census Tract: 961100

Geography

  • District: 6
  • Parcel: 24-24-328-004
  • Block: 3
  • Lot: 6
  • Municipality: FLAGG
  • Latitude: 41.9262
  • Longitude: -89.0661

    Address

  • Full Address: 421 7th Ave
  • Address - House Number: 421
  • Address - Street Name: 7th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Rochelle
  • Carrier Code: C006
  • 4-Digit Zip Code: 1654
  • Zip Code: 61068

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $163,656
  • Tax Rate Code Area: 640

    Appraisal Valuation

  • Standard Deviation: 0.2486
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 64
  • Final Value: 88,861
  • High Value: 110,952
  • Low Value: 66,770

    Market Valuation

  • Market Total Value: $70,710
  • Market Land Value: $25,188
  • Market Improvement Value: $45,522

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $23,570
  • Assessed Land Value: $8,396
  • Assessed Improvements Value: $15,174

    Sales

  • Current Sale Contract Date: May 10, 2023
  • Current Sale Recording Date: May 11, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202301878
  • Previous Sale Recording Date: Jul 23, 2013
  • Previous Sale Contract Date: Jul 09, 2013
  • Previous Sale Amount: $20,000
  • Previous Sale Document Type: 68

    Last Sale Mortgage

  • First Mortgage Transaction Date:
    Premium
  • First Mortgage Loan Type:
    Premium
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Rochelle

Stats & Trends

Median Asking:

$190,000

Sale Price/ft²

$139

Below Asking

0.02%

Average Days on Market

48

Average Home Size

1629 ft²

Average Home Age

72.1 years

Currently For Sale

15 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 106 N 7th Street, Oregon, IL, 61061

$875 /mo

  • 1 Bed
  • 1 Bath
  • 800 ft²
106 N 7th Street #10, Oregon, IL, 61061 Listing by Carla Benesh
Unit for rent at 309 N 9th Street, Rochelle, IL, 61068

$1,550 /mo

  • 3 Beds
  • 1 Bath
  • 1,500 ft²
309 N 9th Street, Rochelle, IL, 61068 Listing by Jennifer Niederbrach-Soszko

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Carla Benesh, RE/MAX of Rock Valley
Data Source: MRED, MLS# MRD12561943
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. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 421 7th Avenue built and last sold?
The property at 421 7th Avenue was built in 1900 and last sold on May 10, 2023 for $79,000.
How much is this home worth?
The estimated value of the home located at 421 7th Avenue is $101,441.
What are some comparable homes to 421 7th Avenue?
There are currently no comparable homes to 421 7th Avenue.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Flagg Homes for Sale
Flagg Houses for Sale
Flagg Condos for Sale
Flagg Townhouses for Sale
Flagg Multifamily for Sale
Flagg Land for Sale
Flagg Commercial for Sale
Flagg Homes with Basements
Nearby Cities
Rochelle Homes for Sale
Ashton Homes for Sale
Hillcrest Homes for Sale
Creston Homes for Sale
Steward Homes for Sale
Nearby Property Records
Ogle County, IL Property Records
Lee County, IL Property Records
DeKalb County, IL Property Records
Winnebago County, IL Property Records
Boone County, IL Property Records
LaSalle County, IL Property Records
Kane County, IL Property Records
Stephenson County, IL Property Records
Nearby Counties
Ashton Homes for Sale
Dement Homes for Sale
Pine Rock Homes for Sale
Lynnville Homes for Sale
White Rock Homes for Sale
Alto Homes for Sale
Reynolds Homes for Sale
Bradford Homes for Sale
Top Real Estate Agents
Top Agents in Flagg
Top Agents in 61068
Top Agents in Rochelle
Top Agents in 61006
Top Agents in Ashton
Top Agents in Ashton
Top Agents in Hillcrest
Top Agents in Dement