$390,000
Est. payment /mo
8 Beds
3,600 SqFt
Price Dropped by $10K
4340 Lori Drive Rockford, IL 61114
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Key Details
Property Type Multi-Family
Sub Type 3 - 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $108
Subdivision Il
MLS Listing ID 202507413
Style 1 Story
Bedrooms 8
Annual Tax Amount $7,783
Tax Year 2024
Property Sub-Type 3 - 4 Units
Property Description
Exceptional 4-Unit Multi-Family Investment Property! Discover a rare opportunity to own a fully occupied 4-unit multifamily offering strong cash flow and extensive recent updates. Perfect for investors seeking a low-maintenance addition to their portfolio, this property combines long-term durability with modern mechanicals for peace of mind. Property Highlights: 4 spacious units with excellent rental history. Newer roof, soffit, fascia, gutters, and downspouts—major exterior updates already done! Updated mechanicals throughout the building, including Newer furnaces, Newer water heaters, Newer central A/C units. Well-maintained interiors with stable tenants. Ample on-site parking. Convenient location right off Alpine Blvd. Ideal Investment: With significant capital improvements already completed, this property offers reduced future maintenance costs and strong long-term rental potential. Whether you're expanding your portfolio or stepping into multifamily investing, this 4-unit is a must-see.
Location
State IL
Area Winnebago County
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Forced Air, Natural Gas
Cooling Central Air
Exterior
Exterior Feature Brick/Stone
Garage Spaces 4.0
Roof Type Shingle
Building
Sewer City
Water City
Schools
Elementary Schools Clifford P Carlson Elementary
Middle Schools Eisenhower Middle
High Schools Guilford High
School District Rockford 205
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