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3420 Harrison Ave. 3420 Harrison Ave 5 Unit Apartment Building $699,000 ($139,800/Unit) Rockford, IL 61108
Executive Summary
The property consists of five residential units, each configured as 3 bedroom, 1.5 bath layouts, a unit type that consistently performs well in the workforce housing segment. With 100% occupancy and 4 month-to-month Tenants, the asset delivers immediate cash flow and repositioning potential.
Rockford continues to demonstrate steady workforce housing demand, making well-positioned multifamily properties such as 3420 Harrison Ave. attractive for both private investors and portfolio operators seeking stabilized returns.
Financials and rent roll available upon request.
Rockford continues to demonstrate steady workforce housing demand, making well-positioned multifamily properties such as 3420 Harrison Ave. attractive for both private investors and portfolio operators seeking stabilized returns.
Financials and rent roll available upon request.
Property Facts
| Price | $699,000 | Building Class | C |
| Price Per Unit | $139,800 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 6,600 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1965/2019 |
| Apartment Style | Low-Rise | ||
| Zoning | R3 | ||
| Price | $699,000 |
| Price Per Unit | $139,800 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 6,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2019 |
| Zoning | R3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 5 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 12-31-478-015 | Improvements Assessment | $87,292 |
| Land Assessment | $7,016 | Total Assessment | $94,308 |
Property Taxes
Parcel Number
12-31-478-015
Land Assessment
$7,016
Improvements Assessment
$87,292
Total Assessment
$94,308
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3420 Harrison Ave. | 3420 Harrison Ave
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