Condo Investment Properties for Sale in Rockford, IL
443- 3 Bed
- 3 Bath
- 2001 sft
522- 2 Bed
- 2 Bath
- 1168 sft
323- 2 Bed
- 2 Bath
- 1168 sft
345- 2 Bed
- 2 Bath
- 1630 sft
Why Invest in Rockford, Illinois?
Rockford, IL offers strong opportunities for condo investors seeking affordable entry points in a competitive market. Recent data shows median home prices around $170K with 8-13% yearly appreciation, supporting solid returns. Rental yields average 7-9% amid low inventory and rising demand from Chicago commuters. Cap rates hover at 8%, with stable cash flows from high renter occupancy near 40%. Proximity to manufacturing jobs enhances long-term appreciation potential.
Frequently Asked Questions
Yes, condos offer high rental yields around 8% due to low inventory and affordability under $200K. Proximity to Chicago drives demand from commuters. Stable cap rates of 8% support cash flow for investors.
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