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Mixed-Use Building with Apartments
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300 Cherry Avenue, Rochelle, IL 61068

Building features a first-floor kitchen and open area, plus four apartments on the second floor.

Property SizeContact for details
Days on Market123

Property Features for 300 Cherry Avenue

General Information

Standard status Active
Property subtype Retail

Additional Details

Multifamily Units 4

Building Details

Stories 2
Listing Agency: Hayden Real Estate, Inc.
Listed By: Jeff Reif · License #IL
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 8:22PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hayden Real Estate, Inc.

Investment Insights

Based on property information with market context.

This commercial building includes a kitchen, a full bath, and a large open area on the first floor. The second floor is configured with four apartments.

Diagrams for the first and second floors are available, along with proposals for electrical and structural repairs needed for the building.

The property presents a mixed-use layout with commercial space at street level and multiple residential units above.

Key Highlights

  • Commercial building with kitchen, full bath, and a large open area on the 1st floor
  • 2nd floor includes four apartments
  • Diagrams available for the 1st- and 2nd‑floor layouts

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Dental Office HVAC Service Parking Lot & Garage Building Supply Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

464
Businesses Nearby

Demographics for 61068, IL

14,653
Population
6,220
Households
2.4
Avg Household Size
38
Median Age
19%
College-Educated
87%
High-School Grad
120.7 sq mi
ZIP Area
121
Density / Sq Mi
$69,840
Median Household Income
$36,924
Median Earnings
$955
Median Rent
$164,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Building features a first-floor kitchen and open area, plus four apartments on the second floor.
Where is this quadplex located?
The property is located at 300 Cherry Avenue Rochelle, IL.
What are key features of this property?
This property features: Commercial building with kitchen, full bath, and a large open area on the 1st floor; 2nd floor includes four apartments; Diagrams available for the 1st- and 2nd‑floor layouts
(815) 562-2111 Call to check price and availability
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