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$685,000 Just Listed
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Property Description
Check out this nicely maintained, income-producing townhouse-style 5-unit property! Each spacious unit offers 3 bedrooms,1.5 bathrooms, a private basement with laundry hookups, and a fenced-in patio area. The ideal layout provides tenants with plenty of living space, storage, and privacy, while onsite parking adds convenience. Recent improvements include newer HVAC systems, central air units, and some newer water heaters. Each unit is equipped with circuit breakers. Pride of ownership is evident throughout, with plenty of preventative maintenance completed over the years. With two units currently vacant, this property offers an excellent opportunity for an owner-occupant or the potential to increase rental income. Centrally located near shopping, everyday amenities, and convenient highway access. A great opportunity to add a well-maintained multi-family property to your investment portfolio!
Full Property Details
Full Property Details for 2311 23rd St
General
- Price: $685,000
- Taxes: $10,543 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12744103
- Updated: 8/30/2026
- Added to Site: 4 day(s) ago
Location
- Area: Rockford
- County: Winnebago
- Driving Directions: Call listing agent for directions.
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Utilities
- Water: Community Water
- Onsite: Sewer Connected
Structural Information
- Construction: Vinyl Siding, Brick, Stone
- Exterior Const.: Vinyl Siding, Brick, Stone
- Stories/Levels: 2
- Square Feet: 6,400
- Year Built: 1966
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 5
- Units w/Range/Oven: 5
Lot Features
- Lot Dimensions: 100 x 222 x 100 x 222
Financial Considerations
- Insurance Fee: $8,900
- Operating Expenses: $16,100
- Assessment Year: 1966
- Tax Amount: $10,543
- Tax Year: 2025
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 1231302027
Listed by Keller Williams Realty Signature
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Schools
Schools serving 2311 23rd St
School District:Rockford School District 205
| Name | Grades | Distance |
|---|---|---|
Whitehead Elementary School 2325 Ohio Parkway, Rockford, IL 61108 | K-5 | 0.3 mi |
Bernard W Flinn Middle School 2525 Ohio Parkway, Rockford, IL 61108 | 6-8 | 0.4 mi |
Rockford East High School 2929 Charles Street, Rockford, IL 61108 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2311 23rd St
Date
Details
Price
Change
Source
8/28/2026
Listed
$685,000
174%
MLS
8/15/2008
Sold
$250,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2311 23rd St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,543
4%
$119,416
11%
2024
$10,156
4%
$107,167
13%
2023
$9,812
100%
$94,495
12%
2022
-100%
$84,461
9%
2021
$9,492
—
$77,444
6%
2021
$9,492
2%
$73,212
5%
2019
$9,348
—
$69,779
11%
2017
$9,337
—
$62,935
2%
2016
$9,329
-1%
$61,755
—
2015
$9,446
1%
$61,755
-6%
2018
$9,384
1%
$65,761
6%
2014
$9,253
1%
$61,761
-6%
2013
$9,187
2%
$65,612
-6%
2012
$8,978
—
$69,585
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2311 23rd St
2311 23rd Street, Rockford, IL 61108 (MLS# 12744103) is a Commercial property. 2311 23rd Street is currently listed for $685,000 and was received on August 28, 2026. Want to learn more about 2311 23rd Street? Do you have questions about finding other Commercial real estate for sale in Rockford? You can browse all Rockford real estate or contact a Coldwell Banker agent to request more information.

