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    Multiple Addresses Rockford, IL

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    For Sale
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    130-unit apartment portfolio in Rockford, Illinois, with management efficiencies.

    Property size:
    98,107 SF

    Property Features for Multiple Addresses

    General Information

    Size
    98,107 SF

    Building Details

    Year built
    1900

    Source: Reid Bennett, CCIM Agent Reid Bennett, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rockford Affordable Housing Portfolio

    This portfolio presents an opportunity to acquire and preserve affordable housing assets in Rockford, Illinois. The properties, totaling 98,107 square feet, are located in close proximity to one another, potentially creating management efficiencies and immediate scale in an emerging market. The Anchor Housing Portfolio consists of 130 apartments, including 55 HAP Units, and is governed by Section 42 of the IRC Code. The portfolio also includes an office building with 8 suites and a manager's office. Meld Manor is QCP Eligible and located in a QCT.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.1515476
    Latitude
    42.3316674

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    FAQs

    What type of property is this?
    Apartment building - 130-unit apartment portfolio in Rockford, Illinois, with management efficiencies.
    Where is this apartment building located?
    The property is located at Multiple Addresses Rockford, IL.
    What are key features of this property?
    This property features: - Portfolio of 130 apartment units offers immediate scale.; - Includes 55 HAP (Housing Assistance Payments) units, providing a stable income stream.; - Located in Rockford, IL, an emerging market.
    (773) 251-7342
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Multiple Addresses Rockford, IL
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