Auburn Manor Apartments Sold For $5.1M In Rockford Illinois With SVN Chicago Commercial

The sale involves Auburn Manor Apartments, a multifamily property located at 4026-4224 Auburn Street in Rockford, Illinois. This 100% HAP Section 8 property comprises 108 units and has a total square footage of 104,956. The sale price was $5,100,000, resulting in a price per unit of $47,222 and a price per square foot of $49.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,100,000
• Units: 108
• Square Footage: 104,956
• Price Per Unit: $47,222
• Price Per Square Foot: $49

The transaction was facilitated by the brokerage SVN | Chicago Commercial, with Reid Bennett, Cody Doran, and Dan Short representing the seller. This deal marks the 27th transaction in Rockford for the brokers, highlighting a sustained investor interest in stabilized workforce housing assets within secondary Midwest markets.