Rockford Ranch-Style Duplex For
1478-80 Temple Circle, Rockford, IL 61108
New
- Added:
- May 25, 2026
- Days on Market:
- 5
- Last Refresh:
- May 29 at 6:06 pm
Property Features for 1478-80 Temple Circle
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2
- Parking
- 2
- Appliances
- Dishwasher, Refrigerator, Stove/Cooktop, Sump Pump
- Standard status
- Pending
- APN
- 1226382001
- Size
- 2,109 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- COUNTRY VIEW ESTATES PLAT 2 SW 1/4 SEC 26-44-2 LOT 024
- Tax Annual Amount
- 5260
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 1980
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
Listing agent Lauren Medearis License #475170893 (815) 520-7087
Listing office Keller Williams Realty Signature 4201 Galleria Dr., Loves Park, IL (815) 315-1111
Listing date May 25, 2026
MLS# 202602997
Listing URL
Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location near I‑90, downtown Cherry Valley, shopping, and schools.
- Two identical units, each with 2 bedrooms, full bathroom, living room with fireplace, eat‑in kitchen, and one‑car garage.
- Separate basements with laundry and separate utilities for each unit.
- Recent updates: New furnace and AC (2025) for one unit, new furnace (2024) for the other unit, new driveway (2025), and roof replacement (2015).
- Shared deck overlooking tree‑lined yard and landscaping.
- Turnkey duplex in a well‑established neighborhood.
Overview
This is a ranch-style duplex featuring two units with identical floor plans. Each unit includes a living room with a brick fireplace, a spacious eat-in kitchen, two bedrooms, a full bathroom, and a one-car attached garage. Each unit also has a separate basement with laundry facilities and separate utilities. A shared deck overlooks the tree-lined yard and landscaping. Recent updates include a new furnace and AC in 2025 for one unit and a new furnace in 2024 for the other unit. The roof was replaced in 2015, and a new driveway was installed in 2025. The property is located in a central location, minutes from I-90, downtown Cherry Valley, shopping, and schools. The property size is 2109 square feet. The property is being sold "as is."
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.5k | $9.72 |
| − Vacancy | −$779 | −$0.37 |
| EGI | $19.7k | $9.35 |
| − OpEx | −$5.9k | −$2.81 |
| NOI | $13.8k | $6.55 |
2,109 SF · lease $9.72/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$197.2K
$172.6K – $230.1K
NOI $13,804 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$171.8K
$150.3K – $200.4K
NOI $12,026 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$561.0K
$490.9K – $654.5K
NOI $39,268 @ 7.0% cap · market cap 15.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Longitude
- -88.97167
- Latitude
- 42.254088
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained duplex with updated features in a central location.
Where is this duplex located?
The property is located at 1478-80 Temple Circle Rockford, IL.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Prime location near I‑90, downtown Cherry Valley, shopping, and schools.; Two identical units, each with 2 bedrooms, full bathroom, living room with fireplace, eat‑in kitchen, and one‑car garage.; Separate basements with laundry and separate utilities for each unit.
