Skip To Content

5421 Midvale Drive

Rockford, IL 61108
  • $560,000
  • STATUS: Closed
  • ON SITE: 400 Days
  • MLS #: 11758540
Sold - 09/29/2023
$560,000
SOLD - 09/29/2023
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1979
County:
Area:

School Ratings & Info

Description

Multi-family investment opportunity in excellent location in Rockford, IL. This eight (8) unit, masonry apartment building offers a strong rental history and is a low maintenance investment. Currently self-managed. The brick & block building is very low maintenance and requires very little management. All utilities are separate & landlord only pays RE Taxes & water & common area electric. Tenants pay the electric - there is no natural gas utilized in the property. Situated on the east side of Rockford, the asset is easily accessible to the East State Street restaurants, banks, bars and other conveniences. There is ample on-site parking(which is going to be replaced) and laundry connections in the basement. Excellent cash flow building with low maintenance requirements. Very little management other than lawn care and snow removal.

Sold by Berkshire Hathaway HomeServices Starck Real Estate.

Monthly Payment Calculator



© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2024-05-17T22:01:26.27 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
www.angelawalkerhomes.com/homes/138537225
Print Image

5421 Midvale Drive Rockford, IL 61108

  • Price: $667,500
  • Status: Closed
  • On Site: 400 Days
  • Updated: 144 min ago
  • MLS #: 11758540
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1979
Built
Neighborhood:
Rockford
County:
Winnebago
Area:
Rockford
Property Description
Multi-family investment opportunity in excellent location in Rockford, IL. This eight (8) unit, masonry apartment building offers a strong rental history and is a low maintenance investment. Currently self-managed. The brick & block building is very low maintenance and requires very little management. All utilities are separate & landlord only pays RE Taxes & water & common area electric. Tenants pay the electric - there is no natural gas utilized in the property. Situated on the east side of Rockford, the asset is easily accessible to the East State Street restaurants, banks, bars and other conveniences. There is ample on-site parking(which is going to be replaced) and laundry connections in the basement. Excellent cash flow building with low maintenance requirements. Very little management other than lawn care and snow removal.
Exterior Features

Exterior Building Type BrickStone Outdoor Parking 13-18 Spaces Parking Total 16

Interior Features

Basement UnfinishedStorage Space Cooling Window Unit(S) Fireplaces Total 0 Heat Ventilation ElectricSeparate Per Unit Number Of Dishwashers 8 Number Of Dryers 0 Number Of Ranges 8 Number Of Washers 0

Property Features

Additional Parcels YN No Approximate Age 36-50 Years Built Before1978 YN No Financing Conventional Gross Income 79200 Gross Scheduled Income 79200 Insurance Expense 3000 Maintenance Expense 0 Mls Actual Status Closed Net Operating Income 54213 Operating Expense 24987 Short Sale Not Applicable Tax Annual Amount 12504 Tax Year 2021 Tenant Pays ElectricityHeatVaries By Tenant Total Monthly Income 6600 Township Rockford Type Multi Family 5+

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Berkshire Hathaway HomeServices Starck Real Estate: 815-338-7111.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2024-05-17T22:01:26.27 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_2_11758540-1.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_2_11758540-1.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_2_11758540-1.jpg
Logo
Angela Walker Homes Real Estate Group
1547 Westchester Blvd.
Westchester IL, 60154