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4340 Lori Drive Rockford, IL $ 390,000
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4340 Lori Drive
$ 390,000
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4340 Lori Drive

Rockford, IL, 61114
$ 390,000
Bedrooms8 Baths4.0 Sq 3,600

Monthly Estimate*

$ 2,433

4340 Lori Drive, Rockford, IL 61114 - Image 1

Multi-Family Home for sale in Rockford, IL

for $390,000 with 8 bedrooms and 4 full baths. This 3,600 square foot home was built in 1975 on a lot size of 0.39.

Exceptional 4-Unit Multi-Family Investment Property! Discover a rare opportunity to own a fully occupied 4-unit multifamily offering strong cash flow and extensive recent updates. Perfect for investors seeking a low-maintenance addition to their portfolio, this property combines long-term durability with modern mechanicals for peace of mind. Property Highlights: 4 spacious units with excellent rental history. Newer roof, soffit, fascia, gutters, and downspouts-major exterior updates already done! Updated mechanicals throughout the building, including Newer furnaces, Newer water heaters, Newer central A/C units. Well-maintained interiors with stable tenants. Ample on-site parking. Convenient location right off Alpine Blvd. Ideal Investment: With significant capital improvements already completed, this property offers reduced future maintenance costs and strong long-term rental potential. Whether you're expanding your portfolio or stepping into multifamily investing, this 4-unit is a must-see.

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Multi-Family Active

Price

$ 390,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 7,783

Style

Ranch

Lot Size

0.39

Year Built

1975

Town/City

Rockford

County/Region

Winnebago

MLS | Web ID

12535085
Features
General
Sewer Public Sewer
Heating Natural Gas Forced Air
Possession Tenant's Rights
Roof Asphalt
Garage Spaces 4
Architectural Style Ranch
Construction Materials Brick
Year Built 1975
Township Rockford
Tax Year 2024
Ownership Fee Simple
County Winnebago
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 20
Status Price Change
Directions N Alpine to W on Pepper to N on Kimball to W on Lori
High School Guilford High School
City Rockford
High School District 205
MLS Area Rockford
Elementary School Clifford P Carlson Elementary Sc
Tax Annual Amount 7783.36
Middle/Junior High School Eisenhower Middle School
Standard Status Active
Middle/Junior School District 205
Elementary School District 205
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Interior
Basement Unfinished Full
Total Bedrooms 8
Total Baths 4
Bedrooms Possible 8
Full Baths Building 4
Half Baths Building 0
Total Number of Units 4
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Exterior
Parking Features Yes Garage Owned Attached Garage
Water Source Public
Total Parking 4
Lot Dimensions 120x142x120x142
Lot Size Acres 0.39
Waterfront Y/N N
Other Equipment Water Heater-Gas
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* Excluded Features
List By
Gambino Realtors

Broker

tina@gogambino.com

Email

Affordability Calculator

$3,082
Per Month
79%
21%
0%
Monthly Principal & Interest
$2,433
Monthly Property Taxes
$649
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1540446 Elementary School
1540212 Middle School
Guilford High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/19/2025$390,000 Listed Price

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4340 Lori Drive, Rockford, IL, 61114 is a Multi-Family Home for sale at $390,000 with 3,600 sqft and a lot size of 0.39. 4340 Lori Drive has 8 bedrooms, 4.0 baths, and was built in 1975. The property's zip code is 61114 which is in Rockford, IL

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