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Listing provided courtesy of Heartland Realty 11 LLCMREDas Distributed by MLSGrid- MLS# 12673136MLS Provider

707 E Dixon StreetPolo, IL 61064

Commercial · 3 Beds · 1.50 Acres
$359,000 Active

707 E Dixon Street Overview

Time on Site:
20 days
Visits:
0

Investment Opportunity - Well-Maintained 5-Unit Brick Apartment Building! Excellent income-producing opportunity with a strong long-term rental history. This solid brick 5-unit apartment building features three spacious 2-bedroom units and two 1-bedroom units, providing a desirable unit mix for tenants. All apartments are currently rented. The property includes 6 garage spaces, with each tenant having access to a garage, plus an additional garage and storage area that can be utilized by the owner or rented for additional income. Tenants enjoy a large shared courtyard, on-site coin-operated laundry, and ample outdoor space on this 1.5 acre property. Utilities are tenant-friendly, with electricity paid by tenants, while the owner covers water, sewer, and garbage expenses. The roof was replaced approximately 10 years ago, adding to the property's overall appeal and value. Whether you're expanding your investment portfolio or seeking a stable, income-generating property, this well-maintained apartment building offers consistent rental demand and excellent upside potential.

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707 E Dixon Street Facts & Features

  • Type Commercial
  • Lot 1.50 Acres

Details

General

Association/HOA

  • Association Fee Includes: Water, Parking, Lawn Care

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 1060
  • Fuel Expense: 0
  • Gross Income: 37740
  • Gross Scheduled Income: 37740
  • Insurance Expense: 3904
  • Maintenance Expense: 221
  • Net Operating Income: 18905
  • Operating Expense: 18835
  • Trash Expense: 595
  • Water Sewer Expense: 5982

Building Information

  • Year Built: 0

Business Information

  • Current Use: Multi-Family

Location/Region

  • County Or Parish: Ogle
  • MLS Area Major: Polo
  • Township: Buffalo

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat

Tax Information

  • Tax Annual Amount: $8,134.66
  • Tax Year: 2025

General Information

  • Parcel Number: 14151010050000
  • Possible Use: Multi-Family
  • Property Type: Commercial Sale

Interior

General Information

  • Basement: None
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Fireplaces Total: 0
  • Foundation Details: Concrete Perimeter
  • Stories: 1

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Acres: 1.5
  • Lot Size Dimensions: 230x301x230x301
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Composition

General Information

  • Number Of Units Total: 5
  • Utilities: Sewer Connected

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 2

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 3

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Units Total: 0

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

707 E Dixon Street Neighborhood

Community

61064 (POLO) Demographics

44
Median Age
38
Population Density (per sq. mile)
29%
College Educated
$63,615
Estimated Median Income
1,180
Estimated Total Home Owners
528
Estimated Total Renters
69% / 31%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

707 E Dixon Street Monthly Cost

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$
$
Jeremy Woods
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

707 E Dixon Street Market Data

Based on the last 30 days in this zip code

$183,205
Average List Price
$85
Average Price per Square Foot
4
Properties Sold
52
Average Days on Market
19
Properties for Sale
Calculations provided by Reliance Network

707 E Dixon Street History

Date Event Value Agent
6/14/2026Source: MRED Status Change
Active
6/9/2026Source: MRED Added to Database
June 09, 2026