42nd John Wesley Rd Rockford, IL 61101
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 the district, with the “R” denoting the residential orientation of the district and the numeral or second letter providing a general indicatio…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property 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 the district, with the “R” denoting the residential orientation of the district and the numeral or second letter providing a general indication of increasing density and intensity of use. For example, the R-4 district allows multiple family dwellings at a higher density than the R-3 district. 20-004 USES 20-004-A. USE TABLE Uses are allowed in R zoning districts in accordance with Table 20-1, below. 20-004-B. USE CLASSIFICATION SYSTEM For the purpose of this zoning ordinance, uses are classified into “use groups,” “use categories,” and “specific use types.” These are described and defined in Article 90. The first column of Table 20-1 lists the groups, categories, and types allowed in one or more R districts. 20-004-C. PERMITTED USES Uses identified with a “P” in Table 20-1 are permitted as-of-right in the subject zoning district, subject to compliance with all other applicable standards of this zoning ordinance. 20-004-D. SPECIAL USES Uses identified with an “S” in Table 20-1 may be allowed if reviewed and approved in accordance with the special use procedures of Section 63-002. PART 2 | BASE ZONING DISTRICTS
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.