805 N Court St - Apartments FOR SALE


Rockford, IL 61103- Coronado Haskell
$1,450,000 USD
773-251-7342
805 N Court St, Rockford, IL for Sale
$1,450,000 USD
Apartments - FOR SALE
1/6
null | 6.17% Cap Rate

805 N Court St
Rockford, IL 61103
Coronado Haskell


HIGHLIGHTS

  • All units recently renovated
  • Below Market Rents
  • Value-Add Opportunity
  • Can be purchased with 54 Unit Property located at 2425 Wesleyan

OVERVIEW

SVN is pleased to present 805 N Court Street in Rockford, Illinois. 805 N. Court Street consists of six (6) studios and sixteen (16) one-bedroom apartments designed for comfortable living. Each unit has been recently renovated with updated kitchen, baths, mechanicals, plumbing/electrical where necessary and the parking lot was resealed and striped. The property rents are currently below market offering an investor a rare opportunity to organically raise rents upon acquisition. Situated in the downtown corridor of Rockford, the property is close to local amenities, shopping centers, and parks, making it an ideal choice for those seeking both comfort and accessibility in Rockford. Rockford was also voted #1 in 2024 for its housing market according to the Wall Street Journal. Please give us a call to learn more about 805 N. Court Street apartments.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$82 USD /SF

# OF UNITS

22

PRICE/UNIT

$65,909

CAP RATE

6.17%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

R4

APN/PARCEL ID

11-23-129-008

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.