140 Summit Street

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140 Summit Street

Rockford, IL 61107
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 140 Summit Street
  • Strategically positioned within the Rockford Illinois residential market
  • Asset located in the 61107 primary regional zip code
  • Suitable for long term rental income investment strategies
  • Convenient access to local infrastructure and metropolitan amenities

What's Special

This apartment building at 140 Summit Street in Rockford, Illinois, represents a multifamily investment asset. Situated in the 61107 zip code, the property serves the local housing market within a key industrial and manufacturing hub in the Midwest. Rockford maintains a diverse economic base and provides a steady supply of residential demand for workforce housing and long-term rental occupants. Investors looking to expand their portfolio in the region may find this asset fits various buy-and-hold strategies. The location offers proximity to regional transit corridors and local infrastructure, facilitating access to city amenities and major employers. Multi-unit configurations in this submarket typically attract tenants seeking functional living spaces near the metropolitan core. This property functions as a versatile addition to an income-generating real estate strategy, benefiting from the consistent demand patterns found throughout the Rockford housing sector.

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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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