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2611 Canterbury Lane, Rockford, IL 61101

$219,900
  • 2611 Canterbury Lane, Rockford, IL 61101 Main Photo

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New to the Market Active
BEDS0 BATHS SQUARE FEET2,310 MLS#202603276
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLRockford 205

Property Description

Well-Maintained All-Brick Four-Family Investment Property - Excellent investment opportunity featuring a solid all-brick ranch-style four-family building. Each unit offers 1 bedroom and 1 bathroom with access to a full basement providing individual storage areas and washer/dryer hookups. The property features off-street parking with convenient access from both Halsted Road and Canterbury Lane. Long-term tenants have occupied the building, reflecting the property's stability and desirability. The building has been well maintained. Tenants responsible for their own gas and electric service. The owner currently pays for water, sewer, and garbage services. Current rental income includes three units rented at $625 per month and one unit rented at $700 per month, generating a gross monthly income of $2,575 and a gross annual income of $30,900. A strong income-producing property with stable tenancy, separate utilities, low-maintenance brick construction, and reliable cash flow for investors.

2611 Canterbury Lane | MLS# 202603276

This multi-family property located at 2611 Canterbury Lane, Rockford, IL 61101 is currently listed for sale with an asking price of $219,900. Canterbury Lane is located within the Rockford 205 school district. Search Rockford real estate on www.gogambino.com today.

Property Features

Property Type: Multi Unit - Multiple
Heating: Forced Air, Natural Gas
Home Style: 3 - 4 Units
Roof Type: Shingle
Taxes: $4,176

Appliances

Refrigerator
Washer

Feature Descriptions

Exterior: Brick/Stone
General Features: Additional Parking, Laundry in Building, Main Floor Primary, On Bus Route
Separate Utilities: Yes
Sewer: City
Water: City

Local Schools

School District: Rockford 205

Listed By / Shown By

Listed By

Agency Name: Berkshire Hathaway HomeServices Starck RE

Shown By

Agency Title: Gambino Realtors
Agency Phone: 815-282-2222

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Estimated Payment

$ 1,410.99 per month $998.85 Principal & Interest $348.00 Property Tax $64.14 Homeowner's Insurance

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