Rockford, IL, 61108
$2,449,000
3 Beds
2 Baths
0 SqFt
1.82 Acres
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MLS #MRD12538449 image #0
Currently fully occupied 24-unit, this building has 76 new windows, 16 new sliding doors, all new steel siding costing over 100K, many apartments have updated plumbing. Water heater is from 2018, building is fully turn key, most units are updated/renovated. Monthly rent roll is just over $20k with a lot more room for growth and potential. Only 5 minutes to I-39, I-90, and US20, and in the hottest market in the US. Rents should be $1200 for 2 bedroom units and $1100 for 1 bedroom units, building should be producing $30k proforma, without doing much work. Not many buildings like this for sale in Rockford!

Property Details

Price:
$2,449,000
MLS #:
MRD12538449
Status:
Active
Beds:
3
Baths:
2
Type:
Commercial
Neighborhood:
rockford
Listed Date:
Jan 11, 2026
Total Sq Ft:
21,516
Lot Size:
79,279 sqft / 1.82 acres (approx)
Year Built:
1970
RockfordRockford

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Schools

Interior

Cooling
Central Air, Wall Sleeve

Exterior

Construction Materials
Brick, Steel Siding
Roof
Rubber, Tar/Gravel
Stories
3

Financial

Maintenance Fee
$5,000
Net Operating Income
$178,000
Tax Year
2024
Taxes
$27,000

Map

Community

Market Summary

Current real estate data for Commercial in Rockford as of Jun 15, 2026
27
Commercial Listed
179
Avg DOM
$841,040
Avg List Price

Property Summary

    Rockford IL is a Commercial for sale in Rockford, IL, 61108. It is listed for $2,449,000

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