0000 Elmwood

Rockford, IL 61101

Investment Opportunity! 3 parcels being sold as a package at the corner of Elmwood/Rockton Rds. Pins 0734426002 & 0734425001 offer a total of 12 duplex lots offering 24 units. Pin 0734400008 offers 21 acre adjacent tillable farmland.... seller receives $240/acre...$5040/yr negotiated annually with Glenny Farms. Sewer lines are to the duplex lots...see Reclamation District letter/map in documents. Water lines are in the street and some are to the lots as per the City records. Current Elmwood Estates Condo Association in place for the existing 5 buildings which buyer can annex into if desired. Final Plat and Covenants for the HOA are also in documents. The final lift is completed on all road sections that have finished condos. There is a stretch on the east section of Sun Dance Lane where the lots are at that doesn't have the final lift yet to accommodate heavy machinery from construction on that section of roadway. Pricing breakdown is approximately $22,500/lot plus $10,200/acre. Beautiful NW location is secluded yet very close to 173 shopping, dining and big box stores. Total taxes on 3 parcels $12,605