Riverside Apartments

Riverside Apartments

$2,425,000.00Price

Marcus & Millichap is pleased to present this multi-family real estate opportunity in the city of Rockford, Illinois. The subject property of 3701-95 Trilling Avenue, commonly known as Riverside Apartments, is located about 85 miles northwest of Chicago, 4.5 miles north of the downtown Rockford area, 0.2 miles west of Rock River, and steps from the 4,16,17,22, 31, and 41 bus station. The subject property has a unit mix that consists of eight studio one-bathroom units that measure 500 square feet, forty four one-bedroom one-bathroom units that measure 700 square feet, and twenty two-bedroom one-bathroom units that measure 900 square feet respectively.

Located in Winnebago County, the city of Rockford is the third largest city in the state of Illinois and home to approximately 150,000 residents. Interstate 90, US Route 20, Interstate 39, and US Route 51 all link Rockford to surrounding metropolitan areas. Four miles south of the city is the Chicago Rockford International Airport. Rockford has several well-known culturally and historically significant venues, and is also called the Forest City.  It is located just off of the beautiful Rock River and property values here have risen for two consecutive years.

This investment opportunity offers an investor the opportunity to acquire a small four building portfolio on the northwest side of Rockford. Plus the ability to raise current rents to conform with the current rental market, and cash flow this asset.

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