2104 Christi Ln
Belvidere, IL 61008
Christi Lane Apartments · Multifamily Property For Sale
·
43 Units
Property Facts
| No. Units | 43 | Building Size | 6,450 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1995 |
| Building Class | C | Parking Ratio | 13.49/1,000 SF |
| Lot Size | 2.95 AC | ||
| Zoning | MR-8S | ||
| No. Units | 43 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.95 AC |
| Building Size | 6,450 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1995 |
| Parking Ratio | 13.49/1,000 SF |
| Zoning | MR-8S |
About 2104 CHRISTI LN , BELVIDERE, IL 61008
The 43 apartment homes are located right off of Business Street 20 and High-line Road making the property very accessible from Highway 90 going north or south. The buildings were constructed between 1993 and 1995. The current owner has one onsite manager who is in charge of maintenance, leasing, plowing and other general management. The current owner does not live in the area and has opted to keep rents low to avoid turnover. The properties are nearby a retail corridor and a few minutes from downtown Belvidere. The neighborhood is safe and has a new playground. Rockford/Belvidere has recently seen an economic expansion with the construction of Mercy Health’s $465 million complex. The complex is expected to be completed in 2019 and is the most expensive construction project in Rockford history. Rockford has also seen the expansion of its logistics and distribution industry, with ATI, ABX and Atlas Air partnering with Amazon Prime to begin operating multiple daily cargo flights from Rockford Airport. In addition, Rockford International Airport is currently undergoing a $20 million terminal expansion.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 43 | - | 750 |
Property Taxes
| Parcel Number | 05-22-451-022 | Improvements Assessment | $149,527 |
| Land Assessment | $29,618 | Total Assessment | $179,145 |
Property Taxes
