2217 23rd St
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2217 23rd St
5 Unit Apartment Building $500,000 ($100,000/Unit) Rockford, IL 61108
Executive Summary
1- $1,000/mo., Lease end: 1/31/25
2- $1,025/mo., Month-to Month
3- $1,025/mo., Month-to Month
4- $1,025/mo., Month-to Month
5- $1,025/mo., Month to Month
Tenants pay electric and gas.
Landlord pays water and trash.
Please call Joan Tripicchio (Broker and Owner) at 630-546-8464 for additional information.
2- $1,025/mo., Month-to Month
3- $1,025/mo., Month-to Month
4- $1,025/mo., Month-to Month
5- $1,025/mo., Month to Month
Tenants pay electric and gas.
Landlord pays water and trash.
Please call Joan Tripicchio (Broker and Owner) at 630-546-8464 for additional information.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$52,755
|
$8.85
|
| Other Income |
$890
|
$0.15
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$53,645
|
$9.00
|
| Taxes |
$8,999
|
$1.51
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$8,999
|
$1.51
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $52,755 |
| Annual Per SF | $8.85 |
| Other Income | |
|---|---|
| Annual | $890 |
| Annual Per SF | $0.15 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $53,645 |
| Annual Per SF | $9.00 |
| Taxes | |
|---|---|
| Annual | $8,999 |
| Annual Per SF | $1.51 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $8,999 |
| Annual Per SF | $1.51 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $500,000 | Building Class | C |
| Price Per Unit | $100,000 | Lot Size | 0.50 AC |
| Sale Type | Investment | Building Size | 5,959 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1971 |
| Apartment Style | Low Rise | Parking Ratio | 2.52/1,000 SF |
| Price | $500,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 5,959 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 2.52/1,000 SF |
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 5 | $1,013 | - |
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PROPERTY TAXES
| Parcel Number | 12-31-302-025 | Total Assessment | $78,767 (2022) |
| Land Assessment | $10,915 (2022) | Annual Taxes | $8,999 ($1.51/SF) |
| Improvements Assessment | $67,852 (2022) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
12-31-302-025
Land Assessment
$10,915 (2022)
Improvements Assessment
$67,852 (2022)
Total Assessment
$78,767 (2022)
Annual Taxes
$8,999 ($1.51/SF)
Tax Year
2023
zoning
| Zoning Code | R3 (Single and Two-Family Residential District) |
| R3 (Single and Two-Family Residential District) |
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Tripp & Associates
2217 23rd St
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