Six-Unit Apartment
909-911 Ridge Avenue Rockford, IL 61103
For Sale
$345,000
Six-unit multifamily property with five units currently rented and street parking available for residents and guests.
Property Size3,350 SF
Price / SF$102.99
Days on Market238
Property Features for 909-911 Ridge Avenue
General Information
Standard status
Active
Size
3,350 SF
Property subtype
Multi Family / 5+ Units
Building Details
Year Built
1930
Listing Agency:
Keller Williams Realty Signature
(815) 315-1111
Listed By:
Katie Giese · License #475197916
(815) 315-1111
Source:
Compass
Added: Dec 3, 2025
Changed: Jul 23
Last Checked: Jul 29 at 2:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Signature
Investment Insights
Based on property information with market context.
This six-unit multifamily apartment building is configured to support tenant practicality. Street parking is available for residents and guests, and the property provides access to a nearby bus line. Five of the six units are currently rented.
The building address is 909-911 Ridge Avenue in Rockford, Illinois. The seller’s remarks note that this property must be purchased together with 9XX Ridge Avenue to the north.
The offering is a residential income property suited for an investor seeking a multifamily asset with in-place occupancy.
The building address is 909-911 Ridge Avenue in Rockford, Illinois. The seller’s remarks note that this property must be purchased together with 9XX Ridge Avenue to the north.
The offering is a residential income property suited for an investor seeking a multifamily asset with in-place occupancy.
Key Highlights
- Six‑unit multifamily property with five units currently rented
- Full basement with gas water heater
- Heating includes baseboard, electric, and natural gas; cooling listed as none
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.2k | $10.80 |
| − Vacancy | −$1.4k | −$0.43 |
| EGI | $34.7k | $10.37 |
| − OpEx | −$15.6k | −$4.67 |
| NOI | $19.1k | $5.70 |
3,350 SF · lease $10.80/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$272.9K
$238.8K – $318.4K
NOI $19,103 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$891.1K
$779.7K – $1.04M
NOI $62,374 @ 7.0% cap · market cap 18.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit multifamily property with five units currently rented and street parking available for residents and guests.
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 $345,000.
What are key features of this property?
This property features: Six‑unit multifamily property with five units currently rented; Full basement with gas water heater; Heating includes baseboard, electric, and natural gas; cooling listed as none
