Date
Details
Price
Change
Source
1/11/2026
Listed
$2,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,500,000 Just Listed
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Property Description
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! SHOWING WILL BE SATURDAY 1/17 AT 3:30 PM
Full Property Details
Full Property Details for MLS# 12538449
General
- Price: $2,500,000
- HOA FEE: $5,000
- Taxes: $27,000 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12538449
- Updated: 1/15/2026
- Added to Site: 5 day(s) ago
Interior
- Basement: None
Additional Information
- Security/Safety: Alarm Monitored, Smoke or Fire Protectors
Location
- Area: Rockford
- County: Winnebago
- Township: Cherry Valley
- Driving Directions: Take Harrison Ave Exit from I39 & I90 intersection, go West 3 miles on Harrison to building.
Heating & Cooling
- Cooling Type: Central Air Conditioning, Wall Sleeve
- Heating Type: Central Heat/Individual Controls, Forced Air, Gas
Utilities
- Water: Municipal Water
- Trash: 4500
Structural Information
- Construction: Brick, Steel Siding
- Exterior Const.: Brick, Steel Siding
- Basement Desc.: None
- Foundation: Concrete Perimeter
- Roof: Rubber, Tar/Gravel
- Stories/Levels: 3
- Square Feet: 21,516
- Current Bldg. Use: Multi-Family
- Year Built: 1970
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 24
- Units w/Range/Oven: 24
- # Dryers: 3
Lot Features
- Lot Size (Acres): 1.82
- Lot Size (Sq. Ft.): 79,279
- Lot Dimensions: 79279 SF
- Frontage: City Street
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $5,000
- Insurance Fee: $11,000
- Operating Expenses: $67,000
- Other Fee: $4,000
- Security Deposit: Alarm Monitored, Smoke or Fire Protectors
- Assessment Year: 1970
- Tax Amount: $27,000
- Tax Year: 2024
- Tenant Pays: Air Conditioning, Electricity, Heat
- Pays Electric: 1500
- Pays Trash: 4500
Disclosures and Reports
- Documents Avail.: Rent Roll, Leases, Existing Survey, Tax Bill
- Property ID: 1605105006
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Price & Sales History for MLS# 12538449
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Listed by Keller Williams Realty Signature
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MLS# 12538449, Rockford, IL 61108 (MLS# 12538449) is a Commercial property. MLS# 12538449 is currently listed for $2,500,000 and was received on January 11, 2026. Want to learn more about MLS# 12538449? 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.