$1,930,000
SOLD JUL 31, 2026
-- Beds
-- Baths
21,516 Sq Ft
1.82 Acre Lot

Sale Details

Date Sold: July 31, 2026

$90 Per Sq Ft

23% Below List Price

171 Days on Market

About This Home

As of July 2026

Currently fully occupied 24-unit, this building has 76 new windows, 16 new sliding doors, all new steel siding costing over 100K, many apartments have updated plumbing. Water heater is from 2018, building is fully turn key, most units are updated/renovated. Monthly rent roll is just over $20k with a lot more room for growth and potential. Only 5 minutes to I-39, I-90, and US20, and in the hottest market in the US. Rents should be $1200 for 2 bedroom units and $1100 for 1 bedroom units, building should be producing $30k proforma, without doing much work. Not many buildings like this for sale in Rockford!

Last Agent to Sell the Property

Mohammad Fatani

Realty One Group Excel License #475202050 Listed on: 01/11/2026

Realty One Group Excel

Last Buyer's Agent

Hetul Thakkar

ARNI Realty Incorporated License #475208883

ARNI Realty Incorporated
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,000

Year Built

  • Built in 1970

Lot Details

  • 1.82 Acre Lot

Home Design

  • Garden Apartment
  • Flat Roof Shape
  • Brick Exterior Construction
  • Tar and Gravel Roof
  • Rubber Roof
  • Steel Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 21,516 Sq Ft Home
  • 3-Story Property

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • 120/240V

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 24 Units

Building Details

  • Electric Expense $1,500
  • Insurance Expense $11,000
  • Maintenance Expense $5,000
  • Other Expense $4,000
  • Trash Expense $4,500
  • Water Sewer Expense $14,000
  • Operating Expense $67,000
  • Gross Income $245,000
  • Net Operating Income $178,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,000

Year Built

Built in 1970

Lot Details

1.82 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats,Garden Complex
  • Standard Status: Closed
  • Stories: 3
  • Year Built: 1970
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,Show-Call Owner
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Possible Use: Multi-Family
  • Fire Protection: Alarm Monitored,Smoke or Fire Protectors
  • Fireplaces: 3
  • Drive-In Doors: 20
  • Refrigerators: 24
  • Ranges: 24
  • Number of Washers: 3
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Steel Siding
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Rubber, Tar/Gravel
  • Roof Structure: Flat
  • Misc Outside: Balcony/ies,Security Lighting,Security System

Garage/Parking

  • Outdoor Parking: 31-50 Spaces,Fee Parking,Lighted,Paved

Utilities

  • Cooling: Central Air, Wall Sleeve
  • Electric: Circuit Breakers, Power - 120V
  • Water Source: Municipal Water
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 4500
  • Water Sewer Expenses: 14000

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 1.82
  • Lot Dimensions: 79279 SF
  • Lot Size Sq Ft: 79279
  • Zoning: MULTI
  • Land Amenities: Children's Play Yard,Lighting/Exterior
  • Alternate Phone Number: (630) 347-1600

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 5

Building Info

  • BuildingAreaTotal: 21516

Multi Family

  • Net Operating Income: 178000
  • Insurance Expense: 11000
  • ElectricExpense: 1500
  • GrossIncome: 245000
  • Maintenance Expense: 5000
  • NumberOfUnitsTotal: 24
  • OperatingExpense: 67000
  • Type Multi-Family: Flats,Garden Complex

Tax Info

  • Tax Annual Amount: 27000
  • Tax Year: 2024

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2026
Closed on
Jun 29, 2026
Sold by
Techvana Llc
Bought by
Seller's Agent
Mohammad Fatani
Realty One Group Excel
Buyer's Agent
Hetul Thakkar
ARNI Realty Incorporated
List Price
$2,500,000
Sold Price
$1,930,000
Premium/Discount to List
-$570,000
-22.8%
Views
191

Purchase Details

Closed on
Jun 28, 2024
Sold by
Executive Home Rental Management Llc
Bought by
Techvana Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
6.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 17, 2007
Bought by
Executive Home Rental Management Llc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Special Warranty Deed $1,500,000 First American Title
Deed $1,025,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $1,200,000 New Conventional
Previous Owner $590,000 New Conventional
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/31/2026 07/31/26 Sold $1,930,000 -21.2% $90 / Sq Ft
07/01/2026 07/01/26 Pending -- -- --
02/17/2026 02/17/26 Price Changed $2,449,000 0.0% $114 / Sq Ft
02/01/2026 02/01/26 Price Changed $2,450,000 -2.0% $114 / Sq Ft
01/11/2026 01/11/26 For Sale $2,500,000 -- $116 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $32,447 $363,223 $34,437 $328,786
2024 $27,000 $281,508 $31,151 $250,357
2023 $24,520 $233,426 $28,011 $205,415
2022 $25,423 $219,902 $26,388 $193,514
2021 $25,903 $209,132 $25,096 $184,036
2020 $26,019 $200,241 $24,029 $176,212
2019 $25,819 $190,851 $22,902 $167,949
2018 $21,712 $150,874 $22,302 $128,572
2017 $21,902 $146,423 $21,644 $124,779
2016 $21,822 $143,327 $21,186 $122,141
2015 $21,696 $140,696 $20,797 $119,899
2014 $20,455 $140,696 $20,797 $119,899
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12538449

Midwest Real Estate Data (MRED)

APN: 16-05-105-006

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