4340 Lori Dr Rockford, IL 61114
Estimated payment $2,747/month
Total Views
1,161
--
Bed
--
Bath
3,600
Sq Ft
$111
Price per Sq Ft
Highlights
- Hot Property
- 1-Story Property
- Washer and Dryer
- Brick or Stone Mason
- Forced Air Heating and Cooling System
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,783
Year Built
- Built in 1975
Home Design
- Brick or Stone Mason
- Shingle Roof
Interior Spaces
- 3,600 Sq Ft Home
- 1-Story Property
- Basement Fills Entire Space Under The House
- Washer and Dryer
Kitchen
- Stove
- Range
Schools
- Clifford P Carlson Elementary School
- Eisenhower Middle School
- Guilford High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Separate Meters
- Natural Gas Water Heater
Community Details
- 4 Units
- 1-Story Building
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $7,783 | $82,134 | $12,431 | $69,703 |
| 2023 | $7,520 | $72,422 | $10,961 | $61,461 |
| 2022 | $7,396 | $64,732 | $9,797 | $54,935 |
| 2021 | $7,275 | $59,354 | $8,983 | $50,371 |
| 2020 | $7,215 | $56,111 | $8,492 | $47,619 |
| 2019 | $7,165 | $53,480 | $8,094 | $45,386 |
| 2018 | $7,216 | $50,401 | $7,628 | $42,773 |
| 2017 | $7,156 | $48,235 | $7,300 | $40,935 |
| 2016 | $7,150 | $47,331 | $7,163 | $40,168 |
| 2015 | $7,240 | $47,331 | $7,163 | $40,168 |
| 2014 | $7,375 | $47,337 | $8,955 | $38,382 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/04/2025 12/04/25 | For Sale | $400,000 | 0.0% | $111 / Sq Ft | |
| 06/15/2022 06/15/22 | Rented | $950 | 0.0% | -- | |
| 06/02/2022 06/02/22 | For Rent | $950 | 0.0% | -- | |
| 05/11/2022 05/11/22 | Sold | $340,000 | +0.6% | -- | View Prior Sale |
| 03/23/2022 03/23/22 | Pending | -- | -- | -- | |
| 03/18/2022 03/18/22 | For Sale | $337,900 | 0.0% | -- | |
| 02/16/2021 02/16/21 | Rented | $920 | +2.8% | -- | |
| 02/03/2021 02/03/21 | Under Contract | -- | -- | -- | |
| 11/13/2020 11/13/20 | Price Changed | $895 | -3.2% | $0 / Sq Ft | |
| 10/06/2020 10/06/20 | For Rent | $925 | -- | -- |
Source: NorthWest Illinois Alliance of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $340,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $255,000 | New Conventional |
Source: Public Records
About the Listing Agent
With over 40 years of combined real estate experience, Tina Tendall and Amanda Clark have built a reputation for excellence, integrity, and putting their clients’ needs at the forefront. Proudly serving the Rockford area, Chicago Metro, and surrounding communities, this dynamic duo offers unmatched market insight and a genuine passion for helping people achieve their real estate goals.
Whether you’re buying your first home, upgrading to your dream property, or investing for the future,
Amanda's Other Listings
Source: NorthWest Illinois Alliance of REALTORS®
MLS Number: 202507413
APN: 12-08-126-026
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