Property profile

2217 23rd St Rockford, IL 61108

OFF-MARKET
Apartment buildings
Property ID
US28-0535990
5,959 SF 0.49 ac lot Built 1971
Entity Owned 16-yr Hold Free & Clear
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1971
Construction FRAME
Total area 5,959 SF
Lot 0.49 ac (21,344 SF)
Zoning code R3
APN 12-31-302-025
UPID US28-0535990

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2217 23rd St Rockford, IL 61108-7485
Rockford metro Census 1700 ROCKFORD, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$525k
Comparable Approach Comparable
$549k
Blend (final) Blend
$535k

Owner & transaction history

since 2009
7 recorded transactions
2009
Price N/A
2009
Price N/A
2003
Price N/A
2000
Price N/A
1999
$305,000
1997
Price N/A
1969
Price N/A

Zoning & alternative use

R3 · Rockford, IL
Zoning description

R-3 Multifamily Residential R-4 Multifamily Residential 20-003 NAMES AND MAP SYMBOLS The “R” district names and map symbols are intended to provide a general indication of what is allowed in the district, with the “R” de…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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