Back to search
Multi-Family: MLS #12538449 Rockford, IL $ 2,449,000
Share Save
$ 2,449,000 Get more info
Multi-Family: MLS #12538449
$ 2,449,000
Back to search
Share Save

Multi-Family: MLS #12538449

Rockford, IL, 61108
$ 2,449,000
Bedrooms3 Baths0.0 Sq 21,516

Monthly Estimate*

$ 15,079

MLS #/Web ID: 12538449 - Image 1

Multi-Family Home for sale in Rockford, IL

for $2,449,000 with 3 bedrooms. This 21,516 square foot home was built in 1970 on a lot size of 1.82.

Currently fully occupied 24-unit, this building has 76 new windows, 16 new sliding doors, all new steel siding costing over 100K, many apartments have updated plumbing. Water heater is from 2018, building is fully turn key, most units are updated/renovated. Monthly rent roll is just over $20k with a lot more room for growth and potential. Only 5 minutes to I-39, I-90, and US20, and in the hottest market in the US. Rents should be $1200 for 2 bedroom units and $1100 for 1 bedroom units, building should be producing $30k proforma, without doing much work. Not many buildings like this for sale in Rockford! SHOWING WILL BE SATURDAY 1/17 AT 3:30 PM

See more
Multi-Family Active

Price

$ 2,449,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 27,000

Style

Multi-Family

Lot Size

1.82

Year Built

1970

Town/City

Rockford

County/Region

Winnebago

MLS | Web ID

12538449
Features
General
Cooling Central Air Wall Sleeve
Possession Closing
Roof Rubber Tar/Gravel
Zoning MULTI
Construction Materials Brick Steel Siding
Year Built 1970
Electric Circuit Breakers Power - 120V
Tenant Pays Air Conditioning Electricity Heat
Stories Count 3
Township Cherry Valley
Tax Year 2024
Current Use Multi-Family
Gross Income 245000
County Winnebago
Net Operating Income 178000
Operating Expense 67000
Insurance Expense 11000
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 5000
Possible Use Multi-Family
Status Active
Directions Take Harrison Ave Exit from I39 & I90 intersection go West 3 miles on Harrison to building.
City Rockford
Number Of Units Total 24
MLS Area Rockford
Lot Size Square Feet 79279
Tax Annual Amount 27000
Electric Expense 1500
Fuel Expense 0
Trash Expense 4500
Water Sewer Expense 14000
Additional Parcels Y/N N
Standard Status Active
Cap Rate 10
See more
Interior
Basement None
See more
Exterior
Water Source Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 21516
Lot Dimensions 79279 SF
Lot Size Acres 1.82
Frontage Type City Street
See more
* Excluded Features
List By
Realty One Group Excel

Broker

anasfatani@gmail.com;fatanirealtor@gmail.com

Email

Affordability Calculator

$17,329
Per Month
87%
13%
0%
Monthly Principal & Interest
$15,079
Monthly Property Taxes
$2,250
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/17/2026$2,449,000 -0.04% Price Down
2/1/2026$2,450,000 -2.00% Price Down
1/11/2026$2,500,000 Listed Price

Map

More homes like this one

homes for you

See all
See all
Get more info