Take a look at this multifamily investment opportunity. It is a 4-unit property strategically located. The demand is high for these apartments. A hospital, university, businesses, and jobs are all located within 1 mile. Each of these 4 units are 675 sq ft with larger than average room sizes. With only 1 bedroom and no basement for each unit, this property is very easy to manage. The building is all electric, including heat, hot water, and cooking. Consider this investment.
Sold for $265,000
$265,000
5515 Midvale Dr, Rockford, IL 61108
--beds
--baths
2,703sqft
3 - 4 Units
Built in 1975
-- sqft lot
$316,200 Zestimate®
$98/sqft
$1,510 Estimated rent
Home value
$316,200
$300,000 - $332,000
$1,510/mo
Zestimate® history
Owner options
List your home for rent
$1,510/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,510/mo
Rent Zestimate®
Refinance and save
$1,940/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,940/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
David Reyes 815-621-6812,
Advantage Realtors
Bought with:
Rebecca Hazzard, 471019445
Re/Max Of Rock Valley
Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202306170
Facts & features
Interior
Heating
- Baseboard, Electric
Cooling
- Window Unit(s)
Appliances
- Included: Refrigerator, Stove/Cooktop, Electric Water Heater
Features
- Has basement: No
Interior area
- Total structure area: 2,703
- Total interior livable area: 2,703 sqft
- Finished area above ground: 2,703
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
Features
- Levels: One
- Stories: 1
Lot
- Dimensions: 114 x 99.49 x 125 x 105.17
- Features: On Bus Route
Details
- Parcel number: 1228251002
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 - 4 Units
Materials
- Brick/Stone, Aluminum
- Roof: Shingle
Condition
- Year built: 1975
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: $203,043
- Annual tax amount: $6,094
- Date on market: 10/23/2023
- Cumulative days on market: 11 days
- Listing terms: 1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 12/22/2023 | Sold | $265,000+6.9%$98/sqft |
Source:  NorthWest Illinois Alliance of REALTORS® #202306170 Report a problem | ||
| 11/3/2023 | Pending sale | $248,000$92/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202306170 Report a problem | ||
| 10/23/2023 | Listed for sale | $248,000+104.1%$92/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202306170 Report a problem | ||
| 8/31/2000 | Sold | $121,500$45/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $67,681 +13.4% |
| 2023 | $6,197 +1.7% | $59,678 +11.9% |
| 2022 | $6,094 | $53,341 +9.1% |
| 2021 | -- | $48,910 +5.8% |
| 2020 | $5,945 +0.7% | $46,237 +4.9% |
| 2019 | $5,904 -0.4% | $44,069 +6.1% |
| 2018 | $5,927 +0.5% | $41,532 +4.5% |
| 2017 | $5,897 | $39,747 +1.9% |
| 2016 | $5,897 +0.1% | $39,002 |
| 2015 | $5,892 -1.2% | $39,002 0% |
| 2014 | $5,966 +4% | $39,006 -29% |
| 2009 | $5,737 | $54,937 +0.7% |
| 2007 | -- | $54,572 +2.9% |
| 2006 | -- | $53,050 +4.7% |
| 2005 | -- | $50,645 +5.5% |
| 2004 | -- | $47,996 +9.2% |
| 2003 | -- | $43,964 +3.3% |
| 2001 | -- | $42,543 +1% |
| 2000 | -- | $42,122 +1.7% |
| 1999 | -- | $41,419 |
Find assessor info on the county website
Neighborhood: Gregory Heights
Nearby homes
- $173,1003 bd1 ba987 sqft5510 Nichols Dr, Rockford, IL 61108Off Market
- $268,2004 bd4 ba2.3k sqft5509 Midvale Dr, Rockford, IL 61108Off Market
- $104,8001 bd1 ba-- sqft5509 Midvale Dr APT 1, Rockford, IL 61108Off Market
- $160,6001 bd1 ba-- sqft5509 Midvale Dr APT 3, Rockford, IL 61108Off Market
- $160,6001 bd1 ba-- sqft5509 Midvale Dr APT 2, Rockford, IL 61108Off Market
- $224,9003 bd1 ba7.3k sqft5506 Nichols Dr, Rockford, IL 61108Off Market
- $193,8003 bd2 ba996 sqft5502 Nichols Dr, Rockford, IL 61108Off Market
- $177,9003 bd1 ba1k sqft502 Arnold Ave, Rockford, IL 61108Off Market
Nearby schools
GreatSchools rating
- 4/10Gregory Elementary SchoolGrades: K-5Distance: 0.4 mi
- 3/10Eisenhower Middle SchoolGrades: 6-8Distance: 2.5 mi
- 3/10Guilford High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- Elementary: Gregory Elementary
- Middle: Eisenhower Middle
- High: Guilford 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.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$316,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$316,200
- Illinois
- Winnebago County
- Rockford
- 61108
- Gregory Heights
- 5515 Midvale Dr
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Rockford Topics
