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Multifamily

7820 Venus St

7820 Venus St, Loves Park, IL 61111

Listing Price: $380,000

Cap Rate
6.84%
Number of Units
6
Occupancy
95.0%
Price/Unit
$63,333
Price/Gross SF
$87.36
Gross SF
4,350

Investment Overview

Marcus & Millichap is pleased to present this six unit apartment building located at 7820 Venus St in Loves Park, Illinois. Located in Winnebago County, the city of Rockford is the third largest city in the state of Illinois and home to approximately 150,000 residents. Interstate 90, US Route 20, Interstate 39, and US Route 51 all link Rockford to surrounding metropolitan areas. The building is composed of six two-bedroom / one-bathroom units. Each unit features individual parking spaces, electric baseboard heat, ranges, refrigerators and one main water heater. Tenants are responsible for their electric expenses. In 2015, the building’s roof and windows were replaced. Around the same time, the driveway was also blacktopped.

Investment Highlights

  • 1 Building; 6 Units; Built in 1976
  • Landlord Paid Water/Sewer
  • Electric Baseboard Heat

Exclusively Listed By

Listing Price: $380,000

Cap Rate
6.84%
Number of Units
6
Occupancy
95.0%
Price/Unit
$63,333
Price/Gross SF
$87.36
Gross SF
4,350

Investment Highlights

  • 1 Building; 6 Units; Built in 1976
  • Landlord Paid Water/Sewer
  • Electric Baseboard Heat

Investment Overview

Marcus & Millichap is pleased to present this six unit apartment building located at 7820 Venus St in Loves Park, Illinois. Located in Winnebago County, the city of Rockford is the third largest city in the state of Illinois and home to approximately 150,000 residents. Interstate 90, US Route 20, Interstate 39, and US Route 51 all link Rockford to surrounding metropolitan areas. The building is composed of six two-bedroom / one-bathroom units. Each unit features individual parking spaces, electric baseboard heat, ranges, refrigerators and one main water heater. Tenants are responsible for their electric expenses. In 2015, the building’s roof and windows were replaced. Around the same time, the driveway was also blacktopped.

Exclusively Listed By

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