5421 Midvale Drive

Rockford, IL 61108

$560,000
Last Sold Price
16
Beds
8
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Multi-family investment opportunity in excellent location in Rockford, IL. This eight (8) unit, masonry apartment building offers a strong rental history and is a low maintenance investment. Currently self-managed. The brick & block building is very low maintenance and requires very little management. All utilities are separate & landlord only pays RE Taxes & water & common area electric. Tenants pay the electric - there is no natural gas utilized in the property. Situated on the east side of Rockford,...Multi-family investment opportunity in excellent location in Rockford, IL. This eight (8) unit, masonry apartment building offers a strong rental history and is a low maintenance investment. Currently self-managed. The brick & block building is very low maintenance and requires very little management. All utilities are separate & landlord only pays RE Taxes & water & common area electric. Tenants pay the electric - there is no natural gas utilized in the property. Situated on the east side of Rockford, the asset is easily accessible to the East State Street restaurants, banks, bars and other conveniences. There is ample on-site parking(which is going to be replaced) and laundry connections in the basement. Excellent cash flow building with low maintenance requirements. Very little management other than lawn care and snow removal.
  1. Listed by Clancy Green • Berkshire Hathaway HomeServices Starck Real Estate
  2. Listed by Richard Ahrens • Berkshire Hathaway HomeServices Starck Real Estate

Sold By Berkshire Hathaway HomeServices Starck Real Estate

Property Details for 5421 Midvale Drive

Area
Rockford
Township
Rockford
Num Of Parking Spaces
16.0
Num of Interior Fireplaces
0

Location

Add your commute
LISTING UPDATED: 10/03/2023 03:27 PM

Property Details for 5421 Midvale Drive

StatusClosed
MLS #11758540
Days on Market169
Taxes$12,504 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1979
Lot Size-
CountyWinnebago County

Location

Add your commute

Building Information for 5421 Midvale Drive

Stories-Residences8Year Built1979Building Size-Lot Size-

Payment Calculator

$4,098 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,056

Property Taxes

$1,042

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5421 Midvale Drive

General Information
Addtl Parking Information
  • Outdoor Parking: 13-18 Spaces
Location and General Information
  • Information: 24-Hr Notice Required,List Broker Must Accompany,Profit & Loss Avalia
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • # Of Washers: 0
  • Basement Description: Unfinished, Storage Space
  • Heat/Ventilation: Electric,Separate Per Unit
  • # Of Window/Ac: 8
  • # Of Refrigerators: 8
  • # Of Dryers: 0
  • # Of Disposals: 0
  • # Of Dishwashers: 8
  • Num of Baths: 8.0
Exterior Features
  • Building Unit Info: Storage/Locker Area
Property/Lot Information
  • Tenant Pays: Electricity, Heat, Varies by Tenant
  • Built Before 1978: No
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 200X131X165X130
  • Stories: 2
  • Exterior Building Type: Brick, Stone
  • # Of Ranges: 8
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2022-05-06T14:32:38
  • Photos Count: 17
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $384.00
  • Fuel Expense: $.00
  • Gross Income: $79,200.00
  • Gross Scheduled Income: $79,200.00
  • Insurance Expense: $3,000.00
  • Maintenance Expense: $.00
  • Expense Year: 2022
  • Janitor Expense: 0
  • Net Operating Income Year: 2022
  • Total Monthly Income: 6600
  • Net Operating Income: $54,213.00
  • Operating Expense: $24,987.00
  • Other Expense: $5,900.00
  • Trash Expense: $1,000.00
  • Water Sewer Expense: $2,200.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 8
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 5421 Midvale Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5421 Midvale Drive

Taxable ValueLand$13,798Additions$97,461Total$111,259
Home Facts
Total Finished SqFt8,204 SqFtAbove Grade Finished SqFt8,204 SqFtStories2Lot Size23,958 SqFtStyleMulti-Family Dwelling (2-4)Year Built1979ZoningR3CountyWINNEBAGOAPN12-28-178-002

Schools near 5421 Midvale Drive

This home is within Rockford School District 205.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 8
Rating
School
Distance
Gregory Elementary School
PublicK to 5

Eisenhower Middle School
Public6 to 8

Guilford High School
Public9 to 12

Montessori Elementary School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices Starck Real Estate

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 10/03/2023 03:27 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.