Rockford, IL 61114 4340 Lori Drive
$390,000
Presented By: Gambino Realtors
Home Details
Exceptional 4-Unit Multi-Family Investment Property! Discover a rare opportunity to own a fully occupied 4-unit multifamily offering strong cash flow and extensive recent updates. Perfect for investors seeking a low-maintenance addition to their portfolio, this property combines long-term durability with modern mechanicals for peace of mind. Property Highlights: 4 spacious units with excellent rental history. Newer roof, soffit, fascia, gutters, and downspouts-major exterior updates already done! Updated mechanicals throughout the building, including Newer furnaces, Newer water heaters, Newer central A/C units. Well-maintained interiors with stable tenants. Ample on-site parking. Convenient location right off Alpine Blvd. Ideal Investment: With significant capital improvements already completed, this property offers reduced future maintenance costs and strong long-term rental potential. Whether you're expanding your portfolio or stepping into multifamily investing, this 4-unit is a must-see.
Presented By: Gambino Realtors
Interior Features for 4340 Lori Drive
Bedrooms
Bedrooms Possible8
Total Bedrooms8
Bathrooms
Full Baths Building4
Half Baths Building
Total Baths4
Other Interior Features
BasementUnfinished, Full
Total Number of Units4
General for 4340 Lori Drive
Architectural StyleRanch
CityRockford
Construction MaterialsBrick
CountyWinnebago
DirectionsN Alpine to W on Pepper to N on Kimball to W on Lori
Elementary SchoolClifford P Carlson Elementary Sc
Elementary School District205
Garage Spaces4
HeatingNatural Gas, Forced Air
High SchoolGuilford High School
High School District205
MLS AreaRockford
Middle/Junior High SchoolEisenhower Middle School
Middle/Junior School District205
New ConstructionNo
OwnershipFee Simple
PossessionTenant's Rights
Property TypeResidential Income
Property TypeTwo to Four Units
RoofAsphalt
SewerPublic Sewer
Standard StatusActive
StatusPrice Change
Tax Annual Amount7783.36
Tax Year2024
Total Rooms20
TownshipRockford
Year Built1975
Exterior for 4340 Lori Drive
Lot Dimensions120x142x120x142
Lot Size Acres0.39
Other EquipmentWater Heater-Gas
Parking FeaturesYes, Garage Owned, Attached, Garage
Total Parking4
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Eisenhower Middle School
High School
Guilford High School
Elementary School
Clifford P Carlson Elementary Sc

SQFT • 3,600