Ken-Rock Elderly Apartments

For Sale

1631 Hamilton Ave, Rockford, IL 61109

This Rockford property for sale is located at 1631 Hamilton Ave. The current listed sale price for Ken-Rock Elderly Apartments is $1,700,000. Ken-Rock Elderly Apartments is situated on a lot that is 0.99 acre in size.

Contacts

broker
Cody Doran

SVN | Chicago Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 23,994 SF
  • Units 31
  • Lot Size 0.99 Acre
  • Year Built 1987
  • Date Updated Jan 23, 2025
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

Getting around

  • 71/100

    Walk Score ®

  • 54/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Rockford, IL
  • Neighborhood Rolling Green
  • Zip Code 61109

Points of Interest

  • Phillips 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

  • Tesla Supercharger

    4.84 miles

  • Sams Club 8297 (Rockford, IL)

    5.49 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

  • Howard Johnson Hotel Rockford IL

    0.82 miles

  • Towne & Country Motel

    1.26 miles

  • Airport Inn

    1.27 miles

  • Embassy Suites Rockford Riverfront

    3.17 miles

  • Alpine Inn

    3.37 miles

  • Quality Lodge

    3.38 miles

  • Lafayette Hotel

    3.48 miles

  • Travel Inn

    3.62 miles

  • Clayton House Motel

    5.15 miles

  • La Quinta Inn & Suites Rockford

    5.82 miles

  • ALDI

    1.01 miles

  • Colony Plaza

    2.00 miles

  • Yorksire Square

    2.00 miles

  • Dollar General Market

    2.04 miles

  • Alpine Plaza

    2.19 miles

  • Schnucks

    2.58 miles

  • La Chiquita Food Market

    2.64 miles

  • Old time Pottery

    4.51 miles

  • Valli Produce

    4.55 miles

  • Gray's IGA Foods

    4.59 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Cody Doran

SVN | Chicago Commercial

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