2425 Wesleyan Ave - Apartments FOR SALE


Rockford, IL 61108- East Rockford
$4,100,000 USD
773-251-7342
2425 Wesleyan Ave, Rockford, IL for Sale
$4,100,000 USD
Apartments - FOR SALE
1/8
null | 7.17% Cap Rate

2425 Wesleyan Ave
Rockford, IL 61108
East Rockford


HIGHLIGHTS

  • Below Market Rents
  • Recently Renovated units - Kitchen, Baths & Flooring
  • Newer Roof
  • Parking lot resealed and striped
  • Can be purchase with 805 N. Court Street

OVERVIEW

SVN is pleased to present The Wesleyan located at 2425 Wesleyan Avenue, Rockford, IL. The Wesleyan is a well-maintained two-story residential complex constructed with masonry and frame construction, providing both structural integrity and classic appeal. The property consists of fifty-four (54) one-bedroom apartments averaging $777 per unit, which is currently below market. Roughly 70% of the units have been upgraded recently, the roof was replaced 5-6 years ago, and the parking lot was resealed and striped recently. Residents enjoy on-site amenities, such as shared coin-operated laundry facilities and ample off-street parking for added convenience. Located in a prime area, the property offers easy access to local shopping, dining, and public transportation, making it a fantastic choice for those seeking comfort, accessibility, and quality construction in Rockford.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$89 USD /SF

# OF UNITS

54

PRICE/UNIT

$75,926

CAP RATE

7.17%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2425-2513 Wesleyan Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R4

APN/PARCEL ID

12-31-155-002,12-31-155-003

ASK ABOUT THIS PROPERTY

Reid Bennett, CCIMSVN - Chicago CommercialMore Info
773-251-7342

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Reid Bennett, CCIMSVN - Chicago CommercialMore Info
773-251-7342

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