1631 Hamilton Ave - Apartments FOR SALE


Rockford, IL 61109
$1,700,000 USD
312-960-6766
1631 Hamilton Ave, Rockford, IL for Sale
$1,700,000 USD
Apartments - FOR SALE
1/3
null | 6.92% Cap Rate

1631 Hamilton Ave
Rockford, IL 61109


HIGHLIGHTS

  • Must be Purchased by a Qualified Non-Profit
  • 91a REAC
  • 100% HAP
  • 1st Time Offered for Sale
  • Tax Exempt Entity Structure

OVERVIEW

Ken Rock Elderly Apartments is a 100% Project-Based Section 8 age-restricted low-rise building built in 1988. The property consists of 31 units in a 2-story elevator-serviced building. The property is governed by the HAP Agreement and is currently under Option 4, which is set to expire in 2031. The property has a great location and is consistently well-occupied.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$71 USD /SF

# OF UNITS

31

PRICE/UNIT

$54,839

CAP RATE

6.92%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ken-Rock Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

R4

APN/PARCEL ID

15-01-376-001

ASK ABOUT THIS PROPERTY

Cody DoranSVN | Chicago CommercialMore Info
312-960-6766

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Cody DoranSVN | Chicago CommercialMore Info
312-960-6766

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.