ROCKFORD, IL 61103 1324 Evelyn Street

Pending
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Presented By: Amanda Clark with Gambino Realtors - 815-623-5555
  • MLS# 202505358
  • 09/03/2025
  • Request Tour
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  • SQFT • 3,837

Home Details

Seize the rare chance to acquire a stabilized, income-producing 12-unit multifamily portfolio strategically located across the city. This package features a mix of unit styles and property types, offering both immediate rental income and long-term appreciation potential. Each property is fully leased, with strong rental demand in established neighborhoods. The portfolio are units in the Project-Based Voucher Program, providing guaranteed rental income backed by housing authority contracts—ideal for investors seeking stability and reduced vacancy risk for 15 years. Highlights: 12 Total Units – Sold together as one portfolio package= 8 buildings Strong Occupancy – Fully leased with consistent cash flow Voucher Incentives – Project-Based Vouchers (PBV) in place, ensuring reliable income streams. The buildings have the voucher, versus the tenants. Diverse Locations – Properties situated across multiple high-demand city neighborhoods Upside Potential – Opportunity for rent growth, value-add upgrades, or future repositioning Financials: Detailed rent rolls and expense reports available (see attached docs) Excellent hedge against market volatility with guaranteed government-backed rents This is a rare portfolio acquisition opportunity offering both security and growth. Whether you’re a seasoned investor or expanding your holdings, this package delivers a balanced mix of stability, income, and long-term potential. Owned by Infinity Assets, agent owned. Property addresses and PINs are below: 3112 GUILFORD RD Pin: 1219210022 1324 EVELYN ST Pin: 1114327013 4230 OCONNELL ST Pin: 1605326005 1031 EMERSON DR Pin: 1229351014 2023 RIDGE AVE Pin: 1114129004 716 HAWTHORNE AVE Pin: 1230428003 1911 CARNEY AVE Pin: 1114132004 4151 EASTRIDGE DR Pin: 1220377009
Presented By: Amanda Clark with Gambino Realtors - 815-623-5555

Interior Features for 1324 Evelyn Street

Bedrooms

Unit 1 # Beds2
Unit 2 # Beds2

Bathrooms

Unit 1 # Baths1
Unit 2 # Baths2

Other Interior Features

Unit 1 SqFt1240
Unit 2 SqFt1100
Unit 1 Rent1417
Basement Y/NYes
Unit 1 Heat1
Unit 2 HeatBoil
# of Units2

Other Rooms

Unit 1 # Rooms5
Unit 2 # Rooms6

General for 1324 Evelyn Street

Associated Document Count6
Basement TypePartial
CityROCKFORD
ClassMULTIFAMILY
CoolingCentral Air, None
DOM43
ElectricCircuit Breaker
Elementary SchoolR K Welsh Elementary
Financial InfoEstimate
HUDNo
HeatingForced Air, Hot Water/Steam, Solar
High SchoolGuilford High
LeaseNo
Legal DescriptionNORTH END ADDN LOT 004 BLOCK 011
Middle SchoolWest Middle
ModificationTimestamp2025-10-17T14:58:23.3
OccupantNameInfinity Assets, agent owned
Parcel Number1114327013
PossessionTenant Rights
Postal Code61103
Price Per Sq Ft Total AG364.61
Primary CityRockford
Realtor RemarksPBV Benefits for Property Owners Guaranteed Rent Payments: Portion of rent is paid directly by the housing authority every month, reducing financial risk. Reduced Vacancy Risk: RHAs maintain a waiti
RoofShingle
Sale/RentFor Sale
School DistrictRockford 205
Separate UtilitiesYes
SewerCity
Short SaleNo
StatusPENDING
Status Detail0
Style2 Story
SubdivisionIL
Tax Year2024
Taxes$25,128
Type5+ Units
Utilities13677
WaterCity
Water HeaterGas
Year Built1925
ZoningR-2, R-1 and R-3

Exterior for 1324 Evelyn Street

ExteriorBrick/Stone, Siding
Parking Spaces2
Separate Electric Y/NYes
Separate Heat Y/NYes
Separate Water Y/NYes
Unit 1 Garage Capacity1
Unit 2 Garage Capacity1

Additional Details

Price History

Schools

High School Guilford High
Middle School West Middle
Elementary School R K Welsh Elementary

Client Care

Price $1,399,000
MLS#202505358
List Date 09/03/2025
Property Type Pending
Phone 847.485.2500
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