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$ 237,500
Est. payment | /mo
4 Beds
4 Baths
$ 237,500
Est. payment | /mo
4 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12780115
Bedrooms 4
Year Built 1910
Annual Tax Amount $2,717
Tax Year 2025
Lot Dimensions 46.71 x 150 x 47.67 x 150
Property Sub-Type Two to Four Units
Property Description
Excellent investment opportunity! This well-maintained 4-unit multifamily property is being sold together with an adjacent vacant lot, offering additional value and future potential. The building features four separate units with strong rental income potential of approximately $2,800 to $3,000 per month when fully occupied. Recent updates include new LVP flooring throughout all four units, fresh paint in every unit, and newer windows throughout the property. The rear unit at 1225 has been fully renovated and showcases a new kitchen and updated flooring, making it move-in ready. The property is separately metered with 4 gas meters, allowing tenants to be responsible for their own utilities. There is 1 water meter serving the property, and each side of the building has its own water heater. Additionally, the flat roof on 1223 was replaced in August 2025. Whether you're looking to expand your portfolio or start investing in multifamily real estate, this property offers solid cash-flow potential with major updates already completed. Adjacent vacant lot included in the sale!
Location
State IL
County Winnebago
Area Rockford
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Roof Type Asphalt,Rubber
Building
Dwelling Type Two to Four Units
Building Description Vinyl Siding, No
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction false
Schools
School District 205 , 205, 205
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Sully Cadengo of Realty of America, LLC