Marcus & Millichap is pleased to present this multi-family real estate opportunity in the city of Rockford, Illinois. The subject property of 3319-27 Sun Valley Terrace is located about 85 miles northwest of Chicago, 3.3 miles north of Rockford's downtown area, and 0.3 miles north of the North Main & Halsted bus number 4 stop. The unit mix for the subject property consists of 22 two-bedroom one-bathroom units that all measure 900 square feet respectively.
Rockford’s proximity to other major cities is a distinct advantage with its access to regional transportation options. The city is 60 minutes from O’Hare International Airport and is also served by the Chicago Rockford International Airport, currently undergoing a $20 million terminal expansion. Four interstates (I-39, I-88, I-90, I-43) traverse the region, providing businesses access to Chicago, St. Louis, Detroit and Minneapolis within a 24-hour drive. Rockford also has cargo and freight transportation across four different rail services including BNSF Railway, CN Railway, Union Pacific Railway and Canadian Shortline Rail.
Rockford 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.
