Trust Owned Property summary
The property is a five-unit multi-family building located in Rockford, Illinois. It contains two studio apartments and three one-bedroom units. The exterior and structural components have undergone major improvements, including new siding, vinyl windows, and roof replacement on the rear of the building, along with interior drywall updates. Additional work includes installation of a new water meter, construction of an enclosure for the basement entrance, and replacement of the rear patio with new concrete. A detached two-car garage is situated at the rear of the property. The building is positioned in proximity to Downtown Rockford and SwedishAmerican Hospital, and near the planned Rock Valley College downtown campus.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
R-1 Single-Family Residential R-1U Single-Family Residential, Urban 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 a…
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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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
R1 · Rockford, ILR-1 Single-Family Residential R-1U Single-Family Residential, Urban 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 a…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
R-1 Single-Family Residential R-1U Single-Family Residential, Urban 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 a…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R1 in Rockford, IL.
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