Ken-Rock Elderly Apartments Listing Details & Market Data

1631 Hamilton Ave, Rockford, IL 61109

  • For Sale $1,700,000
  • Property Type Multi-Family
  • Property Size 23,994 SF
  • Units 31
  • Lot Size 0.99 Acre
  • Year Built 1987
  • Date Updated Apr 19, 2024
Discover the vibrant community surrounding the property at 1631 Hamilton Ave in Rockford, IL. Situated in the heart of the city, this area offers easy access to numerous amenities, including the nearby Mercyhealth Hospital and Rockford University. The property is surrounded by beautiful parks, such as Blackhawk Springs Forest Preserve, and is only a short drive from popular shopping and dining destinations. This thriving neighborhood provides an ideal environment for a Multifamily or Senior Living investment, with its convenient location and array of attractions for residents to enjoy.Ken Rock Elderly Apartments is a 100% Project-Based Section 8 age-restricted low-rise building built in 1988. The property consists of 31 units in a 2-story elevator-serviced building. The property is governed by the HAP Agreement and is currently under Option 4, which is set to expire in 2031. The property has a great location and is consistently well-occupied.

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Highlights

  • Must be Purchased by a Qualified Non Profit
  • 91a REAC
  • 100% HAP
  • 1st Time Offered for Sale
  • Tax Exempt Entity Structure
  • 100% Occupied with a wait list
  • New elevator - 2023
  • Water heater, hallway camera system & LED hallway lighting - 2021

Contacts

broker

Cody Doran

SVN | Chicago Commercial

(312) 960-6766

Location

Getting Around

  • Walk Score ®

    Very Walkable (71)

  • Bike Score ®

    Bikeable (54)
Powered by Walk Score ®
  • City Rockford, IL
  • Neighborhood Rolling Green
  • Zip Code 61109

Points of Interest

  • CN Rockford Depot

    3.41 miles

  • Philips 66

    0.90 miles

  • Mobil

    1.07 miles

  • BP

    1.48 miles

  • Citco

    1.54 miles

  • Shell

    2.06 miles

  • Love's

    2.06 miles

  • Road Ranger

    2.09 miles

  • Marathon

    2.11 miles

  • Phillips 66

    2.18 miles

  • Shell

    2.19 miles

  • City Market Grounds

    3.19 miles

  • Metro Centre Parking Ramp

    3.37 miles

  • Nicholas Conservatory Parking

    3.85 miles

  • Rose Garden Parking

    4.06 miles

  • Cherryvale Mall Parking

    4.89 miles

  • Lot C

    4.92 miles

  • Lowes Parking

    5.59 miles

  • Guilford High School Parking Lot

    5.94 miles

  • Womanspace parking

    6.41 miles

  • Lot 9B

    6.71 miles

  • McDonald's

    0.13 miles

  • Subway

    0.18 miles

  • Arby's

    0.21 miles

  • Dairy Queen

    0.22 miles

  • KFC

    0.23 miles

  • Thai Hut

    0.32 miles

  • John’s Restaurant and Pizzeria

    0.40 miles

  • McDonald's

    2.01 miles

  • Smoke House Barbecue

    2.06 miles

  • Beef-A-Roo

    2.10 miles

  • Rockford Head Start Ken-Rock

    0.02 miles

  • Morris Kennedy Middle School

    0.04 miles

  • Greater Rockford Academy

    0.06 miles

  • Saint Edwards School

    0.27 miles

  • William Nashold Elementary School

    0.66 miles

  • Riverdahl Elementary School

    0.83 miles

  • Arthur Froberg Elementary School

    0.93 miles

  • Faith Tabernacle School

    0.94 miles

  • Luther Early Learning Academy

    1.07 miles

  • Rock River Elementary School

    1.14 miles

  • Walter Lawson Childrens Home

    8.26 miles

  • Hand 'n' Hand Daycare

    9.61 miles

  • Davinci Academy CDC LLC - Belvidere

    9.62 miles

Contact Listing Broker

broker

Cody Doran

SVN | Chicago Commercial

(312) 960-6766