2 baths 10,452 sq. ft.
42.2438 -89.0539

2307 23rd Street Rockford, IL 61108

Est. Monthly $2,848 recalculate
2 baths 10,452 sf

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CENTURY 21 Affiliated
7210 East State Street
Rockford, IL 61108
CENTURY 21 Affiliated
7210 East State Street Rockford, IL 61108
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2307 23rd Street
Rockford, IL 61108

Explore This Property

Multi-Family (2-4 Units) - This is an excellent investment opportunity for any investor. Great rental history with extremely low vacancy, 8 three bedroom townhome style units with attached garage, private deck for each unit, and storage room in lower level. The 3rd bedroom (bonus room) is located in the partially exposed lower level. Each unit has approximately 1,800 sq. ft. All appliances and a commercial hot water heater are included. Internal Rate of Return is projected to exceed 13%, depending on the investor's income tax bracket (must consult you CPA for more information). Some units have long-standing and excellent paying tenants. The condition of this property is excellent. IF CASH FLOW IS IMPORTANT, THIS IS THE INVESTMENT FOR YOU.
MLS # 201701310
Courtesy Of Signature Real Estate Brokerage, LLC

Property Features

  • Amenities: Deck
  • Appliances: Cooktop, Dishwasher, Garbage Disposer, Refrigerator
  • Architecture Style: Other
  • Cooling System: Central A/C
  • Heating Fuel: Natural Gas
  • Heating System: Forced Air
  • Parking Type: Garage
  • Roof Type: Composition Shingle
  • Rooms: Full Bath

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 4.75% APR
    $2,848Your estimated monthly payment
    $112,00020% Down Payment
    $560,000 $504,000
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    Grades K-5 | Public School

    ROCKFORD, IL 61108
    2325 OHIO PKWY

    Total Students 400
    Student Teacher Ratio 17:1

    School Rating

    1 star View School Details
    Middle School
    Grades 6-8 | Public School

    ROCKFORD, IL 61108
    2525 OHIO PKWY

    Total Students 1000
    Student Teacher Ratio 17:1

    School Rating

    1 star View School Details
    High School
    Grades 9-12 | Public School

    ROCKFORD, IL 61108
    2929 CHARLES ST

    Total Students 1941
    Student Teacher Ratio 17:1

    School Rating

    1 star View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Rolling Green 0.8 mi Public PRESCHOOL-5
    Swan Hillman Elementary School 1.0 mi Public K-5
    Wm Nashold Elementary School 1.3 mi Public 3-5
    St Edward School 1.3 mi Catholic PRESCHOOL-8
    Fairview Center 1.4 mi Public PRESCHOOL-PRESCHOOL
    John Nelson Elementary School 1.4 mi Public K-5
    Our Lady Sacred Heart Academy 1.5 mi Private 5-12
    Abraham Lincoln Middle School 1.7 mi Public 6-8
    The Ryan Jury Child Development Learning Center 1.8 mi Private PRESCHOOL-PRESCHOOL
    Arthur Froberg Elementary School 2.0 mi Public PRESCHOOL-2
    Alpine Academy 2.0 mi Private PRESCHOOL-6
    Easter Seals Academy - Rockford 2.0 mi Private K-12
    A C Thompson Elementary School 2.0 mi Public K-5
    Cics Jackson 2.1 mi Public K-8
    Beyer Elementary School 2.1 mi Public K-5
    Kishwaukee Elementary School 2.1 mi Public K-5
    Alpine Christian School 2.2 mi Private K-8

    Local Area Information for Rockford, IL 61108

    Median Age: 40.8
    Married: 39.4%
    Number of Households: 11,430
    Households with Children: 3,385
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Copyright © 2017 Rockford Area MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
      The Multi-Family (2-4 Units) located at 2307 23rd Street, Rockford, IL 61108 is currently for sale. 2307 23rd Street, Rockford is listed for $560,000. This property has 2 full bathrooms, and approximately 10,452 square feet. If the property located at 2307 23rd Street, Rockford, IL isn't what you're looking for, search Illinois real estate to see other houses for sale in Rockford.