4340 Lori Drive, Rockford, Illinois 61114
$390,000
|
For Sale
|
|
| Status: | Pending |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1975 |
| Property Taxes: | $7,783 |
| Days On Market: | 38 |
| Lot Size: | 0,39 |
Description
Exceptional 4-Unit Multi-Family Investment Property! Discover a rare opportunity to own a fully occupied 4-unit multifamily offering strong cash flow and extensive recent updates. Perfect for investors seeking a low-maintenance addition to their portfolio, this property combines long-term durability with modern mechanicals for peace of mind. Property Highlights: 4 spacious units with excellent rental history. Newer roof, soffit, fascia, gutters, and downspouts-major exterior updates already done! Updated mechanicals throughout the building, including Newer furnaces, Newer water heaters, Newer central A/C units. Well-maintained interiors with stable tenants. Ample on-site parking. Convenient location right off Alpine Blvd. Ideal Investment: With significant capital improvements already completed, this property offers reduced future maintenance costs and strong long-term rental potential. Whether you're expanding your portfolio or stepping into multifamily investing, this 4-unit is a must-see.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1975 | |
| — | |
| — | |
| No | |
| 0.39 |
| Winnebago | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 12535085 | |
| 1208126026 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Clifford P Carlson Elementary Sc |
205 | — | |
|
Middle School
Eisenhower Middle School |
205 | Not in DB | |
|
High School
Guilford High School |
205 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 11 May, 2022 | Sold | $340,000 | MRED MLS |
| 23 Mar, 2022 | Under contract | $337,900 | MRED MLS |
| 17 Mar, 2022 | Listed for sale | $337,900 | MRED MLS |
| 5 Jan, 2026 | Under contract | $390,000 | MRED MLS |
| — | Last price change | $400,000 | MRED MLS |
| 19 Dec, 2025 | Listed for sale | $400,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
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Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
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Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
| 4 | |
| — | |
| — | |
| — | |
| — | |
| 120x142x120x142 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2022 | $7,215 |
| 2026 | $7,783 |
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Listing Provided By
Gambino Realtors
