SVN | Chicago Commercial facilitated the sale of Auburn Manor Apartments, a 108-unit multifamily property located at 4026–4224 Auburn Street in Rockford, Illinois. The 104,956-square-foot, 100% HAP Section 8 asset traded for $5,100,000.
SVN represented the seller, a repeat client, in the transaction. This sale marks the final disposition within the client’s portfolio, as the firm shifts its focus toward third-party management assignments. The deal was led by SVN | Chicago Commercial Advisors Reid Bennett, CCIM, Cody Doran, and Dan Short, MBA, and represents their 27th transaction in the Rockford market.
Auburn Manor Apartments is a stabilized multifamily community offering investors scale within the Rockford market. The transaction highlights continued investor demand for workforce housing assets in secondary Midwest markets, where fundamentals remain supported by affordability and steady occupancy trends.
