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$390,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
  • 8 Total Beds
  • 4 Car Garage
  • Updated 6 days ago
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Exceptional 4-Unit Multi-Family Investment Property! Discover a rare opportunity to own a fully occupied 4-unit multifamily offering strong cash flow and extensive recent updates. Perfect for investors seeking a low-maintenance addition to their portfolio, this property combines long-term durability with modern mechanicals for peace of mind. Property Highlights: 4 spacious units with excellent rental history. Newer roof, soffit, fascia, gutters, and downspouts-major exterior updates already done! Updated mechanicals throughout the building, including Newer furnaces, Newer water heaters, Newer central A/C units. Well-maintained interiors with stable tenants. Ample on-site parking. Convenient location right off Alpine Blvd. Ideal Investment: With significant capital improvements already completed, this property offers reduced future maintenance costs and strong long-term rental potential. Whether you're expanding your portfolio or stepping into multifamily investing, this 4-unit is a must-see.

Full Property Details for 4340 Lori Dr

General

  • Price: $390,000
  • Taxes: $7,783 (2024)
  • Status: Pending
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12535085
  • Updated: 1/12/2026
  • Added to Site: 30 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Upper - Full Baths: 4

Bedrooms

  • Total Bedrooms: 8

Additional Information

  • Equipment: Water Heater-Gas

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 4
  • Total Spaces: 4
  • Parking Features: Yes, Garage Owned, Attached, Garage

Location

  • Area: Rockford
  • County: Winnebago
  • Township: Rockford
  • Driving Directions: N Alpine to W on Pepper to N on Kimball to W on Lori

School Information

  • School District: 205
  • Elem School District: 205
  • Midd School District: 205
  • High School District: 205
  • Elementary School: Clifford P Carlson Elementary Sc
  • Middle School: Eisenhower Middle School
  • High School: Guilford High School
  • Private School: Guilford High School

Heating & Cooling

  • Heating Type: Natural Gas, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Ranch
  • Architectural Style: Ranch
  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Roof: Asphalt
  • Year Built: 1975
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size (Acres): 0.39
  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 120 x 142 x 120 x 142

Financial Considerations

  • Assessment Year: 1975
  • Tax Amount: $7,783.36
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 1208126026

Listed by Gambino Realtors

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Listing agents

— 4340 Lori Dr —

  • Gambino Realtors

  • Gambino Realtors

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 4340 Lori Dr

School District:Rockford School District 205
NameGradesDistance
Clifford P Carlson Elementary School
4015 Pepper Drive, Rockford, IL 61114
K-50.3 mi
Eisenhower Middle School
3525 Spring Creek Road, Rockford, IL 61107
6-81.3 mi
Guilford High School
5620 Spring Creek Rd, Rockford, IL 61114
9-121.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4340 Lori Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/19/2025
Listed
$390,000
14.71%
MLS
4/28/2022
Sold
$340,000
—
Public Record
Get Price Alerts and Save Property
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 for 4340 Lori Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,783
3%
$82,134
13%
2023
$7,520
100%
$72,422
12%
2022
-100%
$64,732
9%
2021
$7,275
—
$59,354
6%
2021
$7,275
2%
$56,111
5%
2019
$7,165
—
$53,480
11%
2017
$7,156
—
$48,235
2%
2016
$7,150
-1%
$47,331
—
2015
$7,240
1%
$47,331
-6%
2018
$7,192
1%
$50,401
6%
2014
$7,092
1%
$47,337
-6%
2013
$7,041
2%
$50,288
-6%
2012
$6,881
—
$53,333
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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4340 Lori Drive, Rockford, IL 61114 (MLS# 12535085) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 4340 Lori Drive is currently listed for $390,000 and was received on December 19, 2025. Want to learn more about 4340 Lori Drive? Do you have questions about finding other Multi-Family real estate for sale in Rockford? You can browse all Rockford real estate or contact a Coldwell Banker agent to request more information.

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