BEDS0
BATHS
SQUARE FEET2,524
MLS#202606320
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLRockford 205
Property Description
Excellent investment opportunity! This well-maintained 4-unit multifamily property is being sold together with an adjacent vacant lot, offering additional value and future potential. The building features four separate units with strong rental income potential of approximately $2,800 to $3,000 per month when fully occupied. Recent updates include new LVP flooring throughout all four units, fresh paint in every unit, and newer windows throughout the property. The rear unit at 1225 has been fully renovated and showcases a new kitchen and updated flooring, making it move-in ready. The property is separately metered with 4 gas meters, allowing tenants to pay their own utilities. There is 1 water meter serving the property, and each side of the building has its own water heater. Additionally, the flat roof on 1223 was replaced in August 2025. Whether you're looking to expand your portfolio or start investing in multifamily real estate, this property offers solid cash-flow potential with major updates already completed. Adjacent vacant lot included in the sale!
Property Features
Property Type: Multi Unit - Multiple
Heating: Forced Air
Home Style: 3 - 4 Units
Roof Type: Shingle, Rubber
Taxes: $2,356
Appliances
Refrigerator
Stove/Cooktop
Feature Descriptions
Days on Site: 3
Exterior: Siding
Separate Utilities: Yes
Sewer: Septic
Water: City
Local Schools
School District: Rockford 205
Listed By / Shown By
Listed By
Agency Name: Realty of America, LLC
Shown By
Agent Name: Tyler Ragan
Agent Phone: (815) 988-6624
Agency Title: Dickerson & Nieman Realtors
Estimate Your Payment
Estimated Payment
$ 794.18 per month $528.57 Principal & Interest $196.33 Property Tax $69.27 Homeowner's InsuranceChange Payment Information
Tyler Ragan
Cell: (815) 988-6624
Email Me
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1223-1225 Andrews Street | MLS# 202606320
This multi-family property located at 1223-1225 Andrews Street, Rockford, IL 61101 is currently listed for sale with an asking price of $237,500. 1223-1225 Andrews Street is located within the Rockford 205 school district. Search Rockford real estate on tylerragan.dickersonnieman.com today.