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+16083611700
Real Estate Company
1223-1225 Andrews, Rockford, IL 61101
- $237,500
Courtesy of Realty of America, LLC.
- List Price
- $237,500
- Status
- ACTIVE AND AVAILABLE
- Days on Market
- 25
- MLS#
- 202606320
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 pay 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!
Additional Information
- Heating
- Forced Air
- Air Conditioning
- None
- Roof
- Rubber, Shingle
- School District
- Rockford 205
- Middle School
- District 205-Rfd
- High School
- District 205-Rfd