Six-Unit Apartment
For Sale
$285,000
Pending
909-911 Ridge Ave, Rockford, IL 61103
Fully occupied apartment property with studio, one-bedroom, and two-bedroom residences.
Property Size3,350 SF
Days on Market322
Property Features for 909-911 Ridge Ave
General Information
Standard status
Pending
Size
3,350 SF
Property subtype
Commercial
Occupancy
100%
Site & Location
Neighborhood
Signal Hill Neighborhood Association
Public Transit
Yes
Units
Unit Mix
2 x studio, 2 x 1BR, 2 x 2BR
Multifamily Units
6
Building Details
Year Built
1930
Buildings
2
Listing Agency:
Keller Williams Realty Signature
Listed By:
Katie Giese · License #475197916
(815) 985-4478
Source:
Searchillinoishomesforsale
Added: Dec 11, 2025
Changed: Oct 25
Last Checked: Oct 28 at 8:45AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 3,350-square-foot apartment property at 909-911 Ridge Ave includes six residential units: two studios, two one-bedroom apartments, and two two-bedroom apartments. Built in 1930, the building is currently rented in full. Property, appliances, and mechanical systems are offered as-is, with no repairs to be completed by the seller.
Resident and guest access includes street parking and nearby bus service. The sale is required to include the property identified as 9XX Ridge Avenue to the north. The unit mix provides a range of apartment sizes within one building, while the existing occupancy offers an established operating profile for a multifamily buyer.
Resident and guest access includes street parking and nearby bus service. The sale is required to include the property identified as 9XX Ridge Avenue to the north. The unit mix provides a range of apartment sizes within one building, while the existing occupancy offers an established operating profile for a multifamily buyer.
Key Highlights
- Six‑unit apartment property with two studios, two 1‑bedroom units, and two 2‑bedroom units
- 3,350 square feet with all units currently rented
- 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.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
795
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartment property with studio, one-bedroom, and two-bedroom residences.
Where is this apartment building located?
The property is located at 909-911 Ridge Ave 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‑unit apartment property with two studios, two 1‑bedroom units, and two 2‑bedroom units; 3,350 square feet with all units currently rented; Built in 1930
