1015 Furman Street

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1015 Furman Street

Rockford, IL 61101
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located at 1015 Furman Street
  • Property situated within the city of Rockford, Illinois
  • Asset provides residential housing units for local tenants
  • Investment option located in the 61101 zip code
  • Regional market supports consistent rental demand for residents

What's Special

1015 Furman Street is a multifamily apartment building situated in Rockford, Illinois. This residential asset represents a stable investment vehicle within a regional market known for its manufacturing heritage and proximity to major logistics corridors in the Midwest. The property serves the local housing demand, providing consistent rental options for area residents. Investors looking to capitalize on Rockford's steady rental climate may find this building well-positioned for long-term hold strategies. The location offers accessibility to the broader infrastructure of Winnebago County, making it a functional choice for tenants commuting throughout the northern Illinois region. This asset type remains a staple for diversified portfolios seeking consistent cash flow in an established suburban setting.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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