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Listed by Ashley Patinoof The Agency X
-
Est. payment /mo
New
616 Market ST Rockford, IL 61107
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12789523
Year Built 1900
Annual Tax Amount $6,314
Tax Year 2025
Lot Dimensions 4356
Property Sub-Type Multi Family 5+
Property Description
Excellent investment opportunity in Rockford! This fully occupied 8-unit multifamily property features eight 1-bedroom, 1-bathroom apartments, offering immediate rental income and potential for future growth. The property generates $60,900 in annual GOI with a reported NOI of $41,745, representing a 9.82 cap rate at the asking price of $425,000. Featuring an attractive brick exterior and a convenient location 3 minutes from downtown Rockford, this property presents a great opportunity for investors looking to expand their portfolio with an established income-producing asset.
Location
State IL
County Winnebago
Zoning COMMR
Rooms
Basement Unfinished
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
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