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1223-1225 Andrews Street Rockford, IL 61101 • Multi Unit - Multiple • Active

  • 1223-1225 Andrews Street, Rockford, IL 61101 Main Photo

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Description

Excellent investment opportunity! This well-maintained 4-unit multifamily property is being sold together with an adjacent vacant lot, offering additional value and future potential. The building features four separate units with strong rental income potential of approximately $2,800 to $3,000 per month when fully occupied. Recent updates include new LVP flooring throughout all four units, fresh paint in every unit, and newer windows throughout the property. The rear unit at 1225 has been fully renovated and showcases a new kitchen and updated flooring, making it move-in ready. The property is separately metered with 4 gas meters, allowing tenants to be responsible for their own utilities. There is 1 water meter serving the property, and each side of the building has its own water heater. Additionally, the flat roof on 1223 was replaced in August 2025. Whether you're looking to expand your portfolio or start investing in multifamily real estate, this property offers solid cash-flow potential with major updates already completed. Adjacent vacant lot included in the sale!

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 4
Bathrooms: 4
County: Winnebago
Listed By:
Realty of America, LLC 708-788-1900
MRED MLS
$237,500
Est. $1,679/mo
4beds
4baths
Active
BEDS4 BATHS4 full MLS#12780115
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 205

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Ruhl&Ruhl Realtors
563.441.1776

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1223-1225 Andrews Street, Rockford, IL 61101.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $237,500$237,500$237,500
Down Payment $47,500$8,313$59,375
Monthly Mortgage Amount $1,248$1,532$1,539
Taxes $331$331$331
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$105$0
Monthly Estimated Total $1,679$2,068$1,970

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