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About the property

24 multi-family units for sale in Rockford, IL, the third largest city in Illinois. The property consists of six total townhouses, two 1997 vintage and four 1999 vintage. Located right off East State Street, there is easy access to various cultural and economic hubs in Rockford and is just 90 minutes away from Chicago.

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Property Information

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Investment Highlights

Average unit size of 1,180 square feet
Attractive in-unit amenities include a main floor laundry hookup, gas furnace & central air, ground level rear patio, and 1-car garage for each unit
17 out of 24 units soft or full turned
Tenants pay for all utilities
Pricing guidance is $2,400,000 which is an in-place 6.74% cap rate

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