Building Details

Year Built 1900

Buildings 30

Stories 2

Units 130

Listing Agency: SVN | Chicago Commercial

Listed By: Reid Bennett, CCIM · License #IL 471015237

Source: Crexi

Added: Aug 8, 2022 Changed: Aug 25 Last Checked: Sep 6 at 6:12PM

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Investment Insights

Based on property information with market context.

This portfolio presents an opportunity to acquire and maintain affordable housing assets in Rockford, Illinois. The Anchor Housing Portfolio comprises 130 units, including 55 HAP units, and operates under Section 42 of the IRC Code. The properties are situated in close proximity, potentially creating management efficiencies and immediate scale within an emerging market. The total property size is 98107 square feet.

Key Highlights

• Portfolio of 130 affordable housing units.
• 55 units are HAP (Housing Assistance Payments) units.**
• Governed by Section 42 of the IRC Code.

Property Analytics

Property Profile

Current Use

Meld Manor Apartment Building

Suggested Use

Top Pick Real Estate Agency Plumbing Service (Bike/Boat/Book/etc) Store Auto Parts Store Home Appliance Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,540

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

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - 130-unit portfolio of affordable housing assets in Rockford, IL.

Where is this apartment building located?

The property is located at 414 N Court St Rockford, IL.

What are key features of this property?

This property features: Portfolio of 130 affordable housing units.; 55 units are HAP (Housing Assistance Payments) units.**; Governed by Section 42 of the IRC Code.