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$560,000

5421 Midvale Drive
Rockford, Illinois 61108

Closed / MLS #11758540 / Multiple Family / Rockford
Listing information updated 10/3/2023 at 3:43pm
Multi-family investment opportunity in excellent location in Rockford, IL. This eight (8) unit, masonry apartment building offers a strong rental history and is a low maintenance investment. Currently self-managed. The brick & block building is very low maintenance and requires very little management. All utilities are separate & landlord only pays RE Taxes & water & common area electric. Tenants pay the electric - there is no natural gas utilized in the property. Situated on the east side of Rockford, the asset is easily accessible to the East State Street restaurants, banks, bars and other conveniences. There is ample on-site parking(which is going to be replaced) and laundry connections in the basement. Excellent cash flow building with low maintenance requirements. Very little management other than lawn care and snow removal.
Exterior Type:
Brick,Stone
Basement:
Unfinished,Storage Space
Water Front:
No
Square Feet:
N/A
Built:
1979
Parking Spaces:
16
Cooling System:
Window Unit(s)
Stories:
2
Current Net Income:
$54,213
Unit 1:
4 room(s) / 2 bed(s) / 1 bath(s)
Tax Amount:
$12,504
Tax Year:
2021
Zip Code:
61108
City:
Rockford
County:
Winnebago

Listing Office: Berkshire Hathaway HomeServices Starck Real Estate

Listing Office Phone: 815.338.7111

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/3/2023 at 3:43pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Rockford, IL

As the second largest city in Illinois, Rockford has something for everyone with its many entertainment venues and cultural attractions. The city also boasts extensive industry in the healthcare and manufacturing sectors. Discovery Center Children's Museum and Rockford Art Museum are just two of the...
$192,933
Average Sale Price
29
Average Days On The Market
98%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 5421 Midvale Drive, Rockford, IL 61108
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5421 Midvale Drive, Rockford, IL 61108 is a multiple family which sold for $560,000. This multiple family has been listed on @properties Christie's International Real Estate since April 13th, 2023 and was built in 1979.

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