EIGHT UNIT MULTI-FAMILY ON A CUL-DE-SAC WITH UPDATES INCLUDING A NEW PARKING LOT, RENOVATED COMMON SPACE, AND TWO RENOVATED APARTMENTS! This 8 unit multi-family is a great cash flow opportunity with a strong occupancy history. Units 3,4,7, and 8 have two bedrooms and one full bath, and units 1,2,5, and 6 each have one bedroom and one full bath. There is currently one vacant unit that can be shown, apartment #4, a two bedroom unit. Photos are from this unit and measurements are as follows: Living room: 15x15, Kitchen: 10x8, MBR: 15x11, BR2: 11x10, Full BA. There is a coin operated laundry in the basement. No laundry in individual units. Each unit has a private balcony deck. All electric utilities. Wall mounted A/C units. Owner pays water & garbage. Off street parking in the new parking lot. Roof 2016, siding 2006. Full basement. A FABULOUS OPPORTUNITY IN A GREAT LOCATION!
Multi-familyProperty Type
1972Year Built
0.45 acresLot Size
$52Price/Sq.Ft.
8 spacesParking
Listed by Toni VanderHeyden• Keller Williams Realty Signature
Bought with Catherine Fiebig• Berkshire Hathaway HomeServices Crosby Starck Real Estate
EIGHT UNIT MULTI-FAMILY ON A CUL-DE-SAC WITH UPDATES INCLUDING A NEW PARKING LOT, RENOVATED COMMON SPACE, AND TWO RENOVATED APARTMENTS! This 8 unit multi-family is a great cash flow opportunity with a strong occupancy history. Units 3,4,7, and 8 have two bedrooms and one full bath, and units 1,2,5, and 6 each have one bedroom and one full bath. There is currently one vacant unit that can be shown, apartment #4, a two bedroom unit. Photos are from this unit and measurements are as follows: Living room: 15x15, Kitchen: 10x8, MBR: 15x11, BR2: 11x10, Full BA. There is a coin operated laundry in the basement. No laundry in individual units. Each unit has a private balcony deck. All electric utilities. Wall mounted A/C units. Owner pays water & garbage. Off street parking in the new parking lot. Full basement. Roof 2016, siding 2006. A FABULOUS OPPORTUNITY IN A GREAT LOCATION!
NWIAR #202003332
Jun 24, 2020
Sold
$250,000
$31/sq ft
Jun 24, 2020
Listed
$250,000
$31/sq ft
SBR. Cash flow opportunity. Strong occupancy history. Off street parking. Full basement.
MRED as Distributed by MLS Grid #09853228
Feb 28, 2018
Listing Removed
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MRED as Distributed by MLS Grid #09582292
Dec 8, 2017
Listing Removed
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Oct 31, 2017
Listing Removed
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As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Winnebago County
APN
1229279006
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Apr 8, 2023.
R4
Multifamily Residential District
Rockfords residential zoning districts are intended to create, maintain, and promote a variety of housing opportunities for individual households and to maintain the desired physical character of existing neighborhoods and developing areas consistent with the citys official comprehensive plan. These regulations are intended to ensure that permitted and special uses are compatible within each district. They are intended to maintain and protect residential property values and to promote the peace quiet and enjoyment of the citys residential areas by requiring setbacks and open spaces on the same lot as the residential development. While these districts primarily accommodate residential use types some nonresidential use types are also allowed.
Permitted uses
Include but are not limited to:
Garden center
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Office
Public service
Recreation
Park & open space
Property details
Parking
Parking Information
# of Parking (Total): 8
Interior
Equipment
# Of Ranges: 8
Unit Type 1 Information
# of Rooms: 4
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 4
Monthly Income: $675
Monthly Income Max: $750
Unit Type 2 Information
# of Rooms: 3
# of Bedrooms: 1
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 4
Monthly Income: $525
Monthly Income Max: $575
Exterior
Building Information
# of Units: 8
Exterior Building Type: Vinyl Siding
Built Before 1978 (Y/N): Yes
Roof: Composition
Construction Materials: Wood Frame
Property Information
Property Type: Multi Family 5+
Parcel Number: 1229279006
Lot Information
Dimensions: 61.53 X 130.00 X 240.14 X 151.23
Zoning: MULTI
Financial
Tax Information
Tax Annual Amount: $7,253.90
Tax Year: 2021
Financial Information
Finance Code: Conventional
Gross Rent Multiplier: 6.72
Total Monthly Income: $5,075
Gross Income: $60,900
Utilities
Heating & Cooling
Heat/Ventilation: Electric
Cooling: Wall Sleeve
Location
Location Information
Township: Rockford
Directions: E. State St., S on Dempster Rd., SE on E. Lawn Dr., E on Creek View Rd.
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Winnebago County
APN: 1229279006
Home facts updated by county records on Apr 8, 2023
Other
Expense Information
Water Sewer Expense: $5,567
Insurance Expense: $3,219
Listing Information
Possession: Closing
Around this home
Schools
Gregory Elementary School
Public K-5 • Assigned • 0.4mi
4/10
Eisenhower Middle School
Public 6-8 • Assigned • 2.2mi
3/10
Guilford High School
Public 9-12 • Assigned • 2.6mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
9/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 101° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Rockford, IL • 61108
Average low and high temperatures (°F)
27
12
36
19
53
32
62
41
71
48
82
61
85
66
80
61
79
55
67
45
48
34
33
19
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10 hours in
June and 3.6 hours in December, placing it below the
U.S. average for solar exposure.