Trust Owned Property summary
Located in Rockford, Illinois, the property is a ranch-style multi-unit building configured to operate as four to five units. It is presently set up with one-bedroom, one-bathroom units, and its layout allows for potential interior updates. The structure includes a large full basement that provides additional storage space and supports further utility for household or building operations. A covered four-car garage is included, providing enclosed parking/storage capacity. The building has a total area of approximately 1,040 square feet.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
R-2 Two-Family Residential 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 th…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
R2 · Rockford, ILR-2 Two-Family Residential 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 th…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
R-2 Two-Family Residential 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 th…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R2 in Rockford, IL.
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