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    Six-Unit Multifamily Investment Opportunity

    909-911 Ridge Avenue Rockford, IL 61103

    Claim this Listing
    Pending
    $324,900

    MULTI_FAMILY - ROCKFORD, IL

    Property size:
    3,350 SF
    Added:
    Dec 11, 2025
    Days on Market:
    215
    Last Refresh:
    Jul 14 at 12:06 am

    Property Features for 909-911 Ridge Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    6
    Rooms
    Bedroom 8, Bedroom 2, Bathroom 2, Bedroom 5, Bathroom 4, Bathroom 5, Basement, Bedroom 6, Bedroom 4, Bedroom 7, Bedroom 3, Bathroom 3, Bathroom 6, Bedroom 1, Bathroom 1
    Appliances
    Refrigerator, Oven
    Standard status
    Pending
    APN
    1114378018
    Size
    3,350 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    COUNTY CLKS 1ST PLAT OF PT GARRISONS ADD 66.75 FT ON RIDGE AVE BY 97.88 FT DEEP NW COR AS LOT B LOT 020 BLOCK 001
    Tax Annual Amount
    944

    Utilities

    Heating system
    Natural Gas, Electric (Heating), Baseboard

    Building Details

    Year built
    1930
    Floors in Building
    1
    Number of units
    6

    Listing agent Katie Giese License #475197916

    Listing office Keller Williams Realty Signature 4201 Galleria Dr., Loves Park, IL

    Listing date Dec 11, 2025

    MLS# 202507527 Listing URL

    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.

    Investment Insights

    Based on property information with market context.

    This six-unit multifamily property in Rockford, IL, presents an investment opportunity with rental potential. Constructed with tenant practicality in mind, it is designed for steady, long-term income. Five units are currently rented. The property offers street parking for residents and guests, and convenient access to the bus line. The property has a total size of 3350 square feet. This property must be purchased together with 9XX Ridge Avenue, located to the north of the building.

    Key Highlights

    • Six‑unit multifamily property with five units currently rented
    • Year built: 1930
    • Heating includes natural gas, electric (heating), and baseboard systems

    Local 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 (±1% cap)
    NOI $19,103 @ 7.0% cap · market cap 5.88%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $891.1K
    $779.7K – $1.04M (±1% cap)
    NOI $62,374 @ 7.0% cap · market cap 19.20%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Dental Office Real Estate Agency HVAC Service Pharmacy (Bike/Boat/Book/etc) Store Home Appliance Store Acupuncture Catering Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily property with rental income potential in Rockford, IL.
    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 $324,900.
    What are key features of this property?
    This property features: Six‑unit multifamily property with five units currently rented; Year built: 1930; Heating includes natural gas, electric (heating), and baseboard systems
    Contact an agent
    (815) 985-4478
    We can help!
    Contact an agent
    Katie Giese
    Katie Giese
    Real Estate License ID: 475197916
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