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$349,000 -$10,000 (-2.79%) Price Reduced
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Property Description
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.
Full Property Details
Full Property Details for 707 E Dixon St
General
- Price: $349,000
- HOA FEE: $221
- Taxes: $8,134 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12673136
- Updated: 7/20/2026
- Added to Site: 42 day(s) ago
Interior
- Basement: None
- Interior Features: Storage Inside, Laundry Room
Location
- Area: Polo
- County: Ogle
- Township: Buffalo
- Driving Directions: From N Division Ave (IL Route 26), East on E Dixon St to property.
Community
- Assoc. Fees Include: Water, Parking, Lawn Care
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Electric, Baseboard
Utilities
- Water: Municipal Water
- Trash: 595
- Onsite: Sewer Connected
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: None
- Foundation: Concrete Perimeter
- Roof: Composition
- Stories/Levels: 1
- Current Bldg. Use: Multi-Family
Unit Information
- Units w/Refrigerators: 5
- Units w/Range/Oven: 5
- # Dryers: 2
Lot Features
- Lot Size (Acres): 1.5
- Lot Dimensions: 230 x 301 x 230 x 301
- Frontage: City Street
- Potential Use: Multi-Family
Financial Considerations
- Maint. Fee: $221
- Insurance Fee: $3,904
- Operating Expenses: $18,835
- Tax Amount: $8,134.66
- Tax Year: 2025
- Tenant Pays: Air Conditioning, Electricity, Heat
- Pays Electric: 1060
- Pays Trash: 595
Disclosures and Reports
- Property ID: 14151010050000
Listed by Heartland Realty 11 LLC
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Price & Sales History for 707 E Dixon St
Date
Details
Price
Change
Source
7/20/2026
Price Reduced
$349,000
-2.79%
MLS
6/09/2026
Listed
$359,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 707 E Dixon St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,135
-1%
$88,917
1%
2024
$8,257
8%
$87,837
—
2023
$7,680
11%
$87,837
18%
2021
$6,942
-5%
$74,661
-9%
2022
$7,318
13%
$81,664
21%
2020
$6,463
2%
$67,567
2%
2019
$6,350
—
$66,242
—
2018
$6,324
1%
$66,242
1%
2017
$6,258
3%
$65,398
5%
2016
$6,059
-1%
$62,325
-3%
2015
$6,119
4%
$64,120
—
2014
$5,879
-1%
$64,120
-3%
2013
$5,931
—
$65,838
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 707 E Dixon St
707 E Dixon Street, Polo, IL 61064 (MLS# 12673136) is a Commercial property. 707 E Dixon Street is currently listed for $349,000 and was received on June 09, 2026. Want to learn more about 707 E Dixon Street? Do you have questions about finding other Commercial real estate for sale in Polo? You can browse all Polo real estate or contact a Coldwell Banker agent to request more information.

