6-Unit Apartment
909-911 Ridge Avenue, Rockford, IL 61103
For Sale
$285,000
Pending
MULTIFAMILY, ROCKFORD, IL
Property Size3,350 SF
Days on Market337
Property Features for 909-911 Ridge Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
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Appliances
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Keller Williams Realty Signature
(815) 315-1111
Listed By:
Katie Giese · License IL #475197916
(815) 985-4478
Added: Dec 11, 2025
Changed: Oct 27
Last Checked: Nov 12 at 7:06PM
MLS# 202507527
Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,350-square-foot apartment building, constructed in 1930, contains six units: two studios, two one-bedroom apartments, and two two-bedroom apartments. All units are currently rented. Refrigerators and ovens are included, and the property is offered as-is, with no repairs by the seller.
Street parking is available, and the property has access to a bus line. Purchase is required with 9XX Ridge Avenue, identified as being north of the building.
Street parking is available, and the property has access to a bus line. Purchase is required with 9XX Ridge Avenue, identified as being north of the building.
Key Highlights
- Six units: two studios, two one‑bedroom apartments, and two two‑bedroom apartments
- All units are currently rented
- 3,350 square feet; built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,103
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,060
$382.1K
Cap Rate 7%
$272,900
$272.9K
Cap Rate 9%
$212,256
$212.3K
Market Conditions
NOI Build-Up for 3,350 SF
Gross rent
$36.2K $10.80/SF
− Vacancy
−$1.4K −$0.43/SF
EGI
$34.7K $10.37/SF
− OpEx
−$15.6K −$4.67/SF
NOI
$19.1K $5.70/SF
Area
Rockford, IL
Vacancy
4.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,060
Cap Rate 7%
$272,900
Cap Rate 9%
$212,256
Alternative Uses
Best Use
Apartment 5plus
$272.9K
$238.8K – $318.4K
NOI $19,103 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$891.1K
$779.7K – $1.04M
NOI $62,374 @ 7.0% cap · market cap 21.89%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
795
Businesses Nearby
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Business Placement
Demographics for 61103, IL
23,294
Population
11,271
Households
2.1
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
16.3 sq mi
ZIP Area
1,429
Density / Sq Mi
$47,390
Median Household Income
$34,935
Median Earnings
$952
Median Rent
$114,800
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Winnebago County, IL
Properties on Market for Apartment buildings in Winnebago County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Six occupied units provide a mix of studios, one-bedroom, and two-bedroom residences, with street parking and bus-line access.
Where is this apartment building located?
The property is located at 909-911 Ridge Avenue Rockford, IL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Six units: two studios, two one‑bedroom apartments, and two two‑bedroom apartments; All units are currently rented; 3,350 square feet; built in 1930
