2304 17th Avenue

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2304 17th Avenue

Rockford, IL 61104
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 2304 17th Avenue in Rockford.
  • Investment property available for sale in a primary northern Illinois market.
  • The site supports residential leasing operations within an established community.
  • Rockford provides significant access to regional manufacturing and healthcare employment sectors.
  • Proximity to major transportation networks supports connectivity across the region.

What's Special

This multifamily apartment building at 2304 17th Avenue in Rockford, Illinois, provides a residential investment opportunity within a established regional market. Rockford functions as a primary industrial and manufacturing hub in northern Illinois, benefiting from its proximity to the Chicago metropolitan area and access to major regional transportation corridors. The city maintains a steady population base supported by diverse employment sectors including healthcare, logistics, and manufacturing. The property serves as a stable asset for investors seeking to manage rental housing in a market characterized by consistent demand for workforce and market-rate living options. As an apartment building, the site supports various configurations for residential leasing, allowing owners to capitalize on the region's ongoing need for quality rental housing. The location offers straightforward connectivity to local services and arterial roadways, making it a viable addition to a residential property portfolio focused on Illinois markets.

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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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