REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 425,000
Est. payment | /mo
$ 425,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12789523
Year Built 1900
Annual Tax Amount $6,314
Tax Year 2025
Lot Dimensions 4356
Property Sub-Type Multi Family 5+
Property Description
Excellent investment opportunity in Rockford! This fully occupied 8-unit multifamily property features eight 1-bedroom, 1-bathroom apartments, offering immediate rental income and potential for future growth. The property generates $60,900 in annual GOI with a reported NOI of $41,745, representing a 9.82 cap rate at the asking price of $425,000. Featuring an attractive brick exterior and a convenient location 3 minutes from downtown Rockford, this property presents a great opportunity for investors looking to expand their portfolio with an established income-producing asset.
Location
State IL
County Winnebago
Area Rockford
Zoning COMMR
Rooms
Basement Unfinished
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Multi Family 5+
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Ashley Patino of The Agency X