Check out this nicely maintained, income-producing townhouse-style 5-unit property! Each spacious unit offers 3 bedrooms, 1.5 bathrooms, a private basement with laundry hookups, and a fenced-in patio area. The ideal layout provides tenants with plenty of living space, storage, and privacy, while onsite parking adds convenience. Recent improvements include newer HVAC systems, central air units, and some newer water heaters. Each unit is equipped with circuit breakers. Pride of ownership is evident throughout, with plenty of preventative maintenance completed over the years. With two units currently vacant, this property offers an excellent opportunity for an owner-occupant or the potential to increase rental income. Centrally located near shopping, everyday amenities, and convenient highway access. A great opportunity to add a well-maintained multi-family property to your investment portfolio!
For sale
Price cut: $15K (9/21)
$625,000
2311 23rd St, Rockford, IL 61108
15beds
10baths
6,400sqft
5+ Units
Built in 1966
-- sqft lot
$-- Zestimate®
$98/sqft
$-- HOA
What's special
Fenced-in patio areaNewer hvac systemsCentral air unitsSpacious unitOnsite parkingCircuit breakers
- 39 days
- 558
- 29
Zillow last checked:
Listing updated:
Listed by:
Milena Cojkic 630-936-7057,
Keller Williams Realty Signature
Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202605345
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 10
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Refrigerator, Stove/Cooktop, Gas Water Heater
Features
- Basement: Full
Interior area
- Total structure area: 6,400
- Total interior livable area: 6,400 sqft
- Finished area above ground: 6,400
- Finished area below ground: 0
Property
Parking
- Total spaces: 5
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
Details
- Parcel number: 1231302027
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Brick/Stone, Siding
- Roof: Shingle
Condition
- Year built: 1966
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: $98/sqft
- Tax assessed value: $358,248
- Annual tax amount: $10,543
- Price range: $625K - $625K
- Date on market: 8/25/2026
- Cumulative days on market: 39 days
Estimated market value
Not available
Estimated sales range
Not available
$1,334/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/21/2026 | Price change | $625,000-2.3%$98/sqft |
Source:  NorthWest Illinois Alliance of REALTORS® #202605345 Report a problem | ||
| 9/2/2026 | Price change | $640,000-6.6%$100/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202605345 Report a problem | ||
| 8/25/2026 | Listed for sale | $685,000+174%$107/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202605345 Report a problem | ||
| 8/19/2008 | Sold | $250,000$39/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #200835884 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,543 +3.8% | $119,416 +11.4% |
| 2024 | $10,156 +3.5% | $107,167 +13.4% |
| 2023 | $9,812 +1.7% | $94,495 +11.9% |
| 2022 | $9,650 | $84,461 +9.1% |
| 2021 | -- | $77,444 +5.8% |
| 2020 | $9,414 +0.7% | $73,212 +4.9% |
| 2019 | $9,348 -0.4% | $69,779 +6.1% |
| 2018 | $9,384 +0.5% | $65,761 +4.5% |
| 2017 | $9,337 | $62,935 +1.9% |
| 2016 | $9,337 +0.1% | $61,755 |
| 2015 | $9,329 -1.2% | $61,755 0% |
| 2014 | $9,446 +4% | $61,761 -32.2% |
| 2009 | $9,084 | $91,097 -1.6% |
| 2007 | -- | $92,575 +0.1% |
| 2006 | -- | $92,523 +21.7% |
| 2005 | -- | $76,049 +5.5% |
| 2004 | -- | $72,070 +22.4% |
| 2003 | -- | $58,893 +3.3% |
| 2001 | -- | $56,990 -1.5% |
| 2000 | -- | $57,864 |
| 1999 | -- | $57,864 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Hillview
Nearby schools
Schools provided by the listing agent
- Elementary: Whitehead Elementary
- Middle: Bernard W Flinn Middle
- High: Rockford East High
- District: Rockford 205
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.
