196 Flintridge Drive
Rockford, IL, 61107
$1,155,000
2 Beds
1 Baths
0 SqFt
0 Acres
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MLS #MRD12711569 image #0
Excellent opportunity to acquire two well-maintained 11-unit apartment building with 21 of 22 units currently occupied. Sold together with 208 Flintridge Dr. One vacant unit is intentionally being kept available for easy showings and provides an immediate leasing opportunity. The property features an average monthly rent of $1,070 per unit, offering strong in-place cash flow with additional upside through lease renewals and future rent growth. Major capital improvements have already been completed, including one roof replaced within the last 10 years. The buildings are served by four hot water heaters, with two approximately 7 years old and two recently replaced, helping reduce future capital expenditures.

Property Details

Price:
$1,155,000
MLS #:
MRD12711569
Status:
Pending
Beds:
2
Baths:
1
Type:
Commercial
Neighborhood:
rockford
Listed Date:
Jul 22, 2026
Year Built:
1968
RockfordRockford

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Schools

Interior

Cooling
Wall Sleeve

Exterior

Stories
2

Financial

Net Operating Income
$230,000
Tax Year
2025
Taxes
$34,222

Map

Community

Market Summary

Current real estate data for Commercial in Rockford as of Oct 04, 2026
33
Commercial Listed
171
Avg DOM
$779,478
Avg List Price

Property Summary

    196 Flintridge Drive Rockford IL is a Commercial for sale in Rockford, IL, 61107. It is listed for $1,155,000

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