Callie Miller
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Excellent investment opportunity! This well-maintained 4-unit multifamily property is being sold together with an adjacent vacant lot, offering additional value and future potential. The building features four separate units with strong rental income potential of approximately $2,800 to $3,000 per month when fully occupied. Recent updates include new LVP flooring throughout all four units, fresh paint in every unit, and newer windows throughout the property. The rear unit at 1225 has been fully renovated and showcases a new kitchen and updated flooring, making it move-in ready. The property is separately metered with 4 gas meters, allowing tenants to be responsible for their own utilities. There is 1 water meter serving the property, and each side of the building has its own water heater. Additionally, the flat roof on 1223 was replaced in August 2025. Whether you're looking to expand your portfolio or start investing in multifamily real estate, this property offers solid cash-flow potential with major updates already completed. Adjacent vacant lot included in the sale!
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 4
Bathrooms: 4
County: Winnebago
Listed By:
Realty of America, LLC
708-788-1900
MRED MLS
MLS ID: 12780115
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1223-1225 Andrews Street, Rockford, IL 61101.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $237,500 | $237,500 | $237,500 |
| Down Payment | $47,500 | $8,313 | $59,375 |
| Monthly Mortgage Amount | $1,248 | $1,532 | $1,539 |
| Taxes | $331 | $331 | $331 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $105 | $0 |
| Monthly Estimated Total | $1,679 | $2,068 | $1,970 |
Callie Miller
REALTOR®
Cell: (563) 676-9109
Licensed in Iowa
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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