2307 23rd St., Rockford, IL 61108

FOR SALE
  • $560,000
  • 132 Days on site
  • Est: $2,075/month
  • Mortgage Center
  • Beds: n/a
  • Baths: n/a
  • Multi-Family Home
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Description

This is an excellent investment opportunity for any investor. Great rental history with extremely low vacancy, 8 three bedroom townhome style units with attached garage, private deck for each unit, and storage room in lower level. The 3rd bedroom (bonus room) is located in the partially exposed lower level. Each unit has approximately 1,800 sq. ft. All appliances and a commercial hot water heater are included. Internal Rate of Return is projected to exceed 13%, depending on the investor's income tax bracket (must consult you CPA for more information). Some units have long-standing and excellent paying tenants. The condition of this property is excellent. IF CASH FLOW IS IMPORTANT, THIS IS THE INVESTMENT FOR YOU.

  • MLS ID# 201701310
  • Year Built: n/a
  • 132 Days on site
  • Multi-Family Home
  • Beds: n/a
  • Baths: n/a

Listing Details

Lot Size
Approximately 171 x 216.91
Tax Amount
$20,349.14
Tax Year
2015
Cooling
Central Air, Central Cooling
Heating
Forced Air, Gas

Local Info

Population
29,171
Median Household Income
$50,867
Median Years In Residence
8
Median Homeowner Age
41
Households with Children
38.67%
Percent of Homes Rented
24.77%

Nearby Elementary Schools

2325 Ohio Pkwy
3615 W Gate Pkwy
3701 Green Dale Dr

Nearby Primary Schools

512 Fairview Ave

Nearby Middle Schools

2525 Ohio Pkwy
3020 11th St
1500 Charles St

Nearby High Schools

2929 Charles St
4145 Samuelson Rd
5925 Darlene Dr

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Mortgage Rates

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Property Contact Info

(815) 315-1111
Listing Agent: Tom Ewing

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