1324 Evelyn Street new Save Request In-Person Tour Request Virtual Tour
Rockford,IL 61103
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,837 sqft
Price per Sqft $364
MLS Listing ID 202505358
Style 2 Story
Annual Tax Amount $25,128
Tax Year 2024
Property Sub-Type 5+ Units
Property Description
Seize the rare chance to acquire a stabilized, income-producing 12-unit multifamily portfolio strategically located across the city. This package features a mix of unit styles and property types, offering both immediate rental income and long-term appreciation potential. Each property is fully leased, with strong rental demand in established neighborhoods. The portfolio are units in the Project-Based Voucher Program, providing guaranteed rental income backed by housing authority contracts—ideal for investors seeking stability and reduced vacancy risk for 15 years. Highlights: 12 Total Units – Sold together as one portfolio package= 8 buildings Strong Occupancy – Fully leased with consistent cash flow Voucher Incentives – Project-Based Vouchers (PBV) in place, ensuring reliable income streams. The buildings have the voucher, versus the tenants. Diverse Locations – Properties situated across multiple high-demand city neighborhoods Upside Potential – Opportunity for rent growth, value-add upgrades, or future repositioning Financials: Detailed rent rolls and expense reports available (see attached docs) Excellent hedge against market volatility with guaranteed government-backed rents This is a rare portfolio acquisition opportunity offering both security and growth. Whether you're a seasoned investor or expanding your holdings, this package delivers a balanced mix of stability, income, and long-term potential. Property addresses and PINs are below: 3112 GUILFORD RD Pin: 1219210022 1324 EVELYN ST Pin: 1114327013 4230 OCONNELL ST Pin: 1605326005 1031 EMERSON DR Pin: 1229351014 2023 RIDGE AVE Pin: 1114129004 716 HAWTHORNE AVE Pin: 1230428003 1911 CARNEY AVE Pin: 1114132004 4151 EASTRIDGE DR Pin: 1220377009
Location
State IL
County Winnebago County
Interior
Hot Water Gas
Heating Forced Air,Hot Water/Steam,Solar
Cooling Central Air,None
Exterior
Exterior Feature Brick/Stone,Siding
Garage Spaces 2.0
Roof Type Shingle
Building
Sewer City
Water City
Schools
Elementary Schools R K Welsh Elementary
Middle Schools West Middle
High Schools Guilford High
School District Rockford 205