6-Unit Apartment
For Sale
$285,000
909-911 Ridge Avenue, Rockford, IL 61103
MULTIFAMILY, ROCKFORD, IL
Property Size3,350 SF
Price / SF$85.07
Days on Market299
Property Features for 909-911 Ridge Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bedroom 4, Basement, Bedroom 1, Bedroom 7, Bathroom 1, Bedroom 8, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 4, Bathroom 6, Bedroom 6, Bathroom 5, Bedroom 5
Appliances
Refrigerator, Oven
Elementary school
Ellis Arts Academy
Middle school
West Middle
High school
Auburn High
Elementary school district
Rockford 205
Middle school district
Rockford 205
High school district
Rockford 205
Subdivision
Winnebago County
Standard status
Active
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
Legal 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
Utilities
Heating system
Baseboard, Natural Gas, Electric (Heating)
Building Details
Year built
1930
Floors in Building
1
Number of units
6
Listing Agency:
Keller Williams Realty Signature
(815) 315-1111
Listed By:
Katie Giese · License #475197916
(815) 985-4478
Added: Dec 11, 2025
Changed: Oct 3
Last Checked: Oct 6 at 7:06AM
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.
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.
Property Analytics
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Current Use
Lease Details
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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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
