Excellent opportunity to acquire two well-maintained 11-unit apartment building with 21 of 22 units currently occupied. Sold together with 196 Flintridge Dr. One vacant unit is intentionally being kept available for easy showings and provides an immediate leasing opportunity. The property features an average monthly rent of $1,070 per unit, offering strong in-place cash flow with additional upside through lease renewals and future rent growth. Major capital improvements have already been completed, including one roof replaced within the last 10 years. The buildings are served by four hot water heaters, with two approximately 7 years old and two recently replaced, helping reduce future capital expenditures. All 11 Units are 2 Bedroom 1 Bathroom. PRICE IS PER BUILDING. 2.31M for both 196 and 208.
4 days
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148
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11
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Zillow last checked:
Listing updated:
Listed by:
Philip Williams,
Realty One Group Strategies
Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202604567
Facts & features
Interior
Heating
Hot Water/Steam
Cooling
Wall Unit(s)
Appliances
Included: Refrigerator, Oven, Gas Water Heater
Features
Has basement: Yes
Interior area
Total structure area: 10,940
Total interior livable area: 10,940 sqft
Finished area above ground: 10,940
Finished area below ground: 0
Property
Parking
Total spaces: 30
Parking features: Additional Parking
Features
Levels: Two
Stories: 2
Details
Additional parcels included: 1229226022
Parcel number: 1229226021
Special conditions: Agent Owned/Interest
Construction
Type & style
Home type: MultiFamily
Property subtype: 5+ Units
Materials
Brick/Stone
Roof: Shingle
Condition
Year built: 1968
Utilities & green energy
Electric: Circuit Breakers
Sewer: City
Water: City
Utilities for property: Separate Utilities
Community & HOA
Community
Subdivision: IL
Location
Region: Rockford
Financial & listing details
Price per square foot: $106/sqft
Annual tax amount: $17,000
Price range: $1.2M - $1.2M
Date on market: 7/24/2026
Cumulative days on market: 5 days
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/24/2026
Listed for sale
$1,155,000$106/sqft
Source: NorthWest Illinois Alliance of REALTORS® #202604567Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Source: NorthWest Illinois Alliance of REALTORS®. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.