307 8th Ave
Sterling, IL 61081
- Studio
- 3,160 sqft
Studio
3,160 sqft
Local Information
-- mins to
Home Highlights
Property Type
Multi-Family
Year Built
1900
Living Area
3,160 sqft
Price/Sqft
$33
Parking
Garage
Description
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!
307 8th Ave, Sterling, IL 61081 is a studio, 3,160 sqft multi-family built in 1900. It last sold for $88,500 on Aug 28, 2023 (7% below the $94,900 asking price). It is currently off market. The Trulia Estimate is $105,400, with a rent estimate of $869/month.
Home Details for 307 8th Ave
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Dimensions and Layout Living Area: 3160 Square Feet |
Appliances & Utilities Utilities: Separate UtilitiesAppliances: Refrigerator, Stove/Cooktop, Gas Water HeaterRefrigerator |
Heating & Cooling Heating: Forced Air,Natural GasNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Forced Air |
Gas & Electric Electric: Circuit Breakers |
Levels, Entrance, & Accessibility Stories: 2Levels: Two |
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Exterior Home Features Roof: Shingle |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2GarageParking Spaces: 3Parking: Garage |
Water & Sewer Sewer: City |
Finished Area Finished Area (above surface): 3160 Square Feet |
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Cumulative Days on Market: 9 |
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Year Built Year Built: 1900 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: 3 - 4 Units |
Building Construction Materials: Brick/Stone |
Property Information Parcel Number: 1122313010 |
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Price List Price: $94,900Price Range: $88,500 - $94,900 |
Status Change & Dates Off Market Date: Thu Jun 29 2023Possession Timing: Close Of Escrow |
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MLS Status: SOLD & CLOSED |
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Direction & Address City: STERLINGCommunity: IL |
School Information Elementary School: Other/Outside AreaElementary School District: Other/Outside AreaJr High / Middle School: Other/Outside AreaJr High / Middle School District: Other/Outside AreaHigh School: Other/Outside AreaHigh School District: Other/Outside Area |
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Building Area Building Area: 3160 |
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Lot Area: 8775 sqft |
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BasementMls Number: 202303371Above Grade Unfinished Area: 3160 |
Last check for updates: about 16 hours ago
Listed by JD Gieson
Re/Max Of Rock Valley
Bought with: NON-NWIAR Member, (815) 395-6776, Northwest Illinois Alliance Of Realtors®
Source: NorthWest Illinois Alliance of REALTORS®, MLS#202303371

Price History for 307 8th Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 08/28/2023 | $88,500 | Sold | NorthWest Illinois Alliance of REALTORS® #202303371 |
| 06/30/2023 | $94,900 | Pending | NorthWest Illinois Alliance of REALTORS® #202303371 |
| 06/20/2023 | $94,900 | Listed For Sale | NorthWest Illinois Alliance of REALTORS® #202303371 |
| 12/29/2006 | $86,000 | Sold | N/A |
Market trends in Sterling
Last updated June 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
57
Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | $3,704 |
| Assessment | $35,524 |
Home facts updated by county records
Comparable Sales for 307 8th Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.11 | Multi-Family Home | $125,000 | 12/23/25 | 4 | 3 | - | |
0.17 | Multi-Family Home | $42,500 | 01/23/26 | 7 | 2.5 | - | |
0.26 | Multi-Family Home | $71,000 | 11/21/25 | 6 | 2 | - | |
0.50 | Multi-Family Home | $174,901 | 05/18/26 | 6 | 3 | - | |
0.62 | Multi-Family Home | $60,000 | 02/26/26 | 2 | 2 | - | |
0.57 | Multi-Family Home | $59,900 | 01/08/26 | 7 | 4 | - | |
0.18 | Multi-Family Home | $45,000 | 05/04/26 | - | - | ||
0.97 | Multi-Family Home | $59,900 | 10/17/25 | 3 | 3 | - | |
0.89 | Multi-Family Home | $144,900 | 03/27/26 | 5 | 2 | - |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 307 8th Ave.
What Locals Say about Sterling
At least 80 Trulia users voted on each feature.
91 % Say parking is easy
86 % Say car is needed
84 % Say yards are well-kept
83 % Say it's dog friendly
74 % Say there are sidewalks
72 % Say kids play outside
70 % Say there's holiday spirit
69 % Say people would walk alone at night
63 % Say it's quiet
53 % Say neighbors are friendly
43 % Say streets are well-lit
39 % Say they plan to stay for at least 5 years
36 % Say it's walkable to grocery stores
36 % Say there's wildlife
31 % Say it's walkable to restaurants
21 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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