ROCKFORD, IL 61103 1324 Evelyn Street

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Presented By: Amanda Clark with Gambino Realtors – 815-623-5555
  • Northwest Illinois Alliance of Realtors - 381 - IL
  • MLS# 202505358
  • 09/03/2025
  • Get pre-approved
  • Request Tour
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Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
  • 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

Other Interior Features

# of Units2

General for 1324 Evelyn Street

CoolingCentral Air, None
Elementary SchoolR K Welsh Elementary
HeatingForced Air, Hot Water/Steam, Solar
High SchoolGuilford High
Middle SchoolWest Middle
RoofShingle
School DistrictRockford 205
SewerCity
Utilities13677
WaterCity
Water HeaterGas

Additional Details

Price History

Schools

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

Josh QA1

REALTOR ® SRES ®
Price $1,399,000
MLS#202505358
List Date 09/03/2025
Property Type Multi-Family
Phone 925.123.4567
Get pre-approved
Request Tour
Request Info
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