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!
Sold for $88,500
$88,500
307 8th Ave, Sterling, IL 61081
--beds
--baths
3,160sqft
3 - 4 Units
Built in 1900
-- sqft lot
$113,200 Zestimate®
$28/sqft
$900 Estimated rent
Home value
$113,200
$89,000 - $137,000
$900/mo
Zestimate® history
Owner options
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$900/mo
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$900/mo
Rent Zestimate®
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$531/mo
Est. payment
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$531/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
JD Gieson 815-732-9100,
Re/Max Of Rock Valley
Bought with:
NON-NWIAR Member
Northwest Illinois Alliance Of Realtors®
Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202303371
Facts & features
Interior
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Refrigerator, Stove/Cooktop, Gas Water Heater
Features
- Has basement: Yes
Interior area
- Total structure area: 3,160
- Total interior livable area: 3,160 sqft
- Finished area above ground: 3,160
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 8,775 sqft
- Dimensions: 65 x 135 x 65 x 135
Details
- Parcel number: 1122313010
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 - 4 Units
Materials
- Brick/Stone
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: City
- Water: City
- Utilities for property: Separate Utilities
Community & neighborhood
Location
- Region: Sterling
- Subdivision: IL
Other
Other facts
- Price range: $88.5K - $88.5K
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2023 | Sold | $88,500-6.7%$28/sqft |
Source:  NorthWest Illinois Alliance of REALTORS® #202303371 Report a problem | ||
| 6/30/2023 | Pending sale | $94,900$30/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202303371 Report a problem | ||
| 6/20/2023 | Listed for sale | $94,900+10.3%$30/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202303371 Report a problem | ||
| 12/29/2006 | Sold | $86,000$27/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,704 +5.9% | $35,524 +6.5% |
| 2023 | $3,496 +2.6% | $33,346 +4.5% |
| 2022 | $3,409 +3.6% | $31,904 +6% |
| 2021 | $3,290 +2.9% | $30,087 +3.6% |
| 2020 | $3,198 +0.6% | $29,033 +1.8% |
| 2019 | $3,178 +1.1% | $28,506 -0.2% |
| 2018 | $3,144 -0.2% | $28,552 +0.7% |
| 2017 | $3,150 +2.6% | $28,357 +3.3% |
| 2016 | $3,070 +4.6% | $27,443 -2.7% |
| 2015 | $2,936 +0.2% | $28,196 +2.3% |
| 2014 | $2,929 -0.2% | $27,570 -2.2% |
| 2013 | $2,936 +2.1% | $28,196 |
| 2012 | $2,875 +1.1% | $28,196 -2.6% |
| 2011 | $2,844 -1.2% | $28,959 -1.6% |
| 2010 | $2,877 +2.6% | $29,421 +1.8% |
| 2009 | $2,804 -2.9% | $28,904 -8.4% |
| 2008 | $2,887 +2.3% | $31,556 +4.3% |
| 2007 | $2,822 | $30,241 +2.9% |
| 2005 | -- | $29,378 |
Find assessor info on the county website
Neighborhood: 61081
Nearby schools
GreatSchools rating
- 5/10Lincoln Elementary SchoolGrades: 3-5Distance: 0.6 mi
- 4/10Challand Middle SchoolGrades: 6-8Distance: 0.8 mi
- 5/10Sterling High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Other/Outside Area
- Middle: Other/Outside Area
- High: Other/Outside Area
- District: Other/Outside Area
Source: NorthWest Illinois Alliance of REALTORS®. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Illinois
- Whiteside County
- Sterling
- 61081
- 307 8th Ave
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