Marcus & Millichap is pleased to present this multi-family real estate opportunity in the city of Rockford, Illinois. The subject property of 4815-60 Creekview Road, commonly known as Creekview Apartments, is located about 85 miles northwest of Chicago, five miles east of the downtown Rockford area, 0.1 miles east of Alpine Park, and steps from the major retail corridor of East State Street. The subject property has a unit mix that consists of 88, two-bedroom/one-bathroom units that measure 790 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 have risen for two consecutive years.
This investment opportunity offers an investor the chance to acquire an 88-unit property on the northwest side of Rockford. Plus the ability to raise rents to conform with the current rental market, and cash flow this asset.