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218 N 4 Street Rockford, IL 61107 • Multi Unit - Multiple • Active

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New - 35 Hours Ago
  • 218 N 4 Street, Rockford, IL 61107 Main Photo

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Description

This 11 unit building is a real money maker. All units are rented to month-to-month tenants. Yearly income is 114,600. The attached 2 story home has 3 units, one 2 bedroom and the other 2 have a one bedroom with small office. Newer roof and furnaces. Water heater about one year old. The other building has one studio apartment and the rest all one bedrooms and 6 one bedrooms, most of them remodeled. Roof was done less than 4 years ago. All units have electric heat and AC in the wall. Parking is unassigned and shared plus there's plenty of street parking. New blacktop. There's a heated 2car garage with workshop, 1/2 bath, utility sink and lots of storage, currently rented. Building to be sold as a package with 212 N 4th St. Rockford IL 61107. All room sizes are approximate.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Sqft: 8,135
County: Winnebago
Listed By:
Ultimate Realty Inc.
Rockford Board of Realtors
$480,000
Est. $3,049/mo
8,135sqft
New to the Market Active
BEDS0 BATHS SQUARE FEET8,135 MLS#202602122
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLRockford 205
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Lynn Hergert
 (309) 738-8198

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218 N 4 Street, Rockford, IL 61107.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $480,000$480,000$480,000
Down Payment $96,000$16,800$120,000
Monthly Mortgage Amount $2,241$2,826$2,918
Taxes $668$668$668
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$211$0
Monthly Estimated Total $3,049$3,845$3,726

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