Excellent opportunity to acquire two well-maintained 11-unit apartment building with 21 of 22 units currently occupied. Sold together with 208 Flintridge Dr. One vacant unit is intentionally being kept available for easy showings and provides an immediate leasing opportunity. The property features an average monthly rent of $1,070 per unit, offering strong in-place cash flow with additional upside through lease renewals and future rent growth. Major capital improvements have already been completed, including one roof replaced within the last 10 years. The buildings are served by four hot water heaters, with two approximately 7 years old and two recently replaced, helping reduce future capital expenditures.
| MLS # | 12711569 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1968 |
| Days On Site | 73 |
| Listing Provided By | Realty One Group Strategies | Philip Williams |
| Story(s) | 2 |
|---|---|
| Units | 11 |
| Zoning | MULTI |
| Cooling | Wall Sleeve |
|---|
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 34222 |
| State | IL |
|---|---|
| County | Winnebago |
| City | Rockford |
| Zip Code | 61107 |
| Area | Rockford |
| Listing VS Median (in 61107) | |
Price: $1,155,000 low | high Med: $234,000 On site: 73 low | high Med: 60 | |
| State | IL |
|---|---|
| County | Winnebago |
| City | Rockford |
| Zip Code | 61107 |
| Area | Rockford |
| Listing VS Median (in 61107) | |
Price: $1,155,000 low | high Med: $234,000 On site: 73 low | high Med: 60 | |
![]() | $1,155,000208 Flintridge DriveRockford, IL 61107 |