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$237,500
Est. payment /mo
2,524 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 3 - 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,524 sqft
Price per Sqft $94
Subdivision Il
MLS Listing ID 202606320
Style 2 Story
Annual Tax Amount $2,356
Tax Year 2026
Property Sub-Type 3 - 4 Units
Property Description
Excellent investment opportunity! This well-maintained 4-unit multifamily property is being sold together with an adjacent vacant lot, offering additional value and future potential. The building features four separate units with strong rental income potential of approximately $2,800 to $3,000 per month when fully occupied. Recent updates include new LVP flooring throughout all four units, fresh paint in every unit, and newer windows throughout the property. The rear unit at 1225 has been fully renovated and showcases a new kitchen and updated flooring, making it move-in ready. The property is separately metered with 4 gas meters, allowing tenants to pay their own utilities. There is 1 water meter serving the property, and each side of the building has its own water heater. Additionally, the flat roof on 1223 was replaced in August 2025. Whether you're looking to expand your portfolio or start investing in multifamily real estate, this property offers solid cash-flow potential with major updates already completed. Adjacent vacant lot included in the sale!
Location
State IL
Area Winnebago County
Interior
Hot Water Gas
Heating Forced Air
Cooling None
Exterior
Exterior Feature Siding
Garage Spaces 2.0
Roof Type Rubber,Shingle
Building
Sewer Septic
Water City
Schools
Elementary Schools District 205-Rfd
Middle Schools District 205-Rfd
High Schools District 205-Rfd
School District Rockford 205
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Listed by Realty of America, LLC
NEARBY SCHOOL & BUSINESS
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Joanna Lewkowicz
Designated Managing Broker | Owner 471.018027471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com