512 Moen Ave, Unit 514, Rockdale, IL 60436-2592
- Commercial real estate
- 0.15 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 512 Moen Ave
- Year built
- 1912
- Lot size
- 0.15 lot acres
- Property type
- Commercial real estate
- APN
- 30-07-20-127-003
- APU
- 300720127003
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 20, 2025 | $1,563,000 | Tgr Moen LLC | 516 Moen Ave LLC | Warranty Deed | $1.5M · Bank Of Pontiac |
| Mar 4, 2025 | — | 516 Moen Ave LLC | 512 Moen LLC | Warranty Deed | — |
| Aug 30, 2022 | — | 512 Moen LLC | — | Deed · related | $465k · Bankfinancial Fsb |
| Apr 8, 2020 | $465,000 | 512 Moen LLC | Jonah Paige Invs LLC-series 2 | Warranty Deed | $140k · Bankfinancial NA |
| Mar 8, 2017 | — | Jonah Paige Investments LLC 2 | — | Deed · related | $249k · First Cmnty Fin'l Bk |
| Nov 16, 2016 | — | Jonah Paige Investments LLC | Hensley,jimmy JR | Quit Claim Deed · related | — |
| Mar 2, 2001 | $116,000 | Jimmy Hensley | First Midwest Tr Co NA Trustee | Grant Deed | — |
| — | — | Jimmy L Hensley JR. | — | Deed Of Trust · related | $703k · First Community Bank |
| — | — | Jimmy L Hensley JR. | — | Deed Of Trust · related | $446k · First Community Bank |
| — | — | Jimmy Hensley | — | Deed Of Trust · related | $150k · Harris Bank Joliet NA |
| — | — | Jonah Paige Investments LLC 2 | — | Deed Of Trust · related | $249k · First Cmnty Fin'l Bk |
| — | — | Jimmy L Hensley | — | Deed Of Trust · related | $285k · Harris Bank Joliet NA |
Description
This exceptional investment opportunity presents two landmark buildings situated in the heart of Downtown Rockdale, Illinois. The property comprises sixteen rental units, a rare find in this market, offering a strong 8% capitalization rate at the list price of $1,760,000. The unit mix includes ten two-bedroom units and six one-bedroom units, all currently occupied by long-term tenants with a consistent and reliable rental history – no delinquencies reported. This presents a stable income stream with significant potential for future growth. The property's strong occupancy and established tenant base provide immediate cash flow. Further value-add opportunities exist through potential rent increases, reflecting current market conditions. Annual operating expenses are well-documented and include property taxes ($10,225), repairs and maintenance ($4,500), vacancy allowance ($2,000), water ($3,300), electricity and gas ($534), insurance ($10,752), snow removal ($1,200), and trash removal ($2,400). This detailed breakdown allows for thorough due diligence and informed investment decisions. This is a turnkey multifamily investment with a proven track record and substantial upside potential. Don't miss this chance to acquire a prime commercial property in a thriving downtown location.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Rockdale
- County
- Will
- State
- Illinois
- Longitude
- -88.1141
- Latitude
- 41.5049
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
