Up-and-Down
For Sale
$150,000
Pending
2108 20th Avenue, Rockford, IL 61104
MULTI_FAMILY - ROCKFORD, IL
Property Size1,945 SF
Days on Market37
Property Features for 2108 20th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Two Fan
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 3
Parking
4
Appliances
Refrigerator, Stove/Cooktop
Elementary school
Riverdahl Elementary
Middle school
Rockford Enviromental Science Academy
High school
Jefferson High
Elementary school district
Rockford 205
Middle school district
Rockford 205
High school district
Rockford 205
Subdivision
Winnebago County
Standard status
Pending
APN
1136261008
Size
1,945 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
SYND SUBD PT W 1/2 NE 1/4 SEC 36-44-1 LOT 008 BLOCK 023
Tax Annual Amount
1791
Legal Description
SYND SUBD PT W 1/2 NE 1/4 SEC 36-44-1 LOT 008 BLOCK 023
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
Gambino Realtors
(815) 623-3333
Listed By:
Miguel Lobato · License #475146683
(815) 231-4129
Added: Jun 24
Changed: Jul 6
Last Checked: Jul 30 at 12:06PM
MLS# 202603762
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.
Investment Insights
Based on property information with market context.
This up-and-down duplex offers two distinct units with hardwood floors and updated kitchens and bathrooms. The property is designed for practical everyday living, with separate utilities for each unit and newer mechanicals including a newer furnace and central air conditioning for each unit. The upper unit also includes a brand-new water heater. Additional usable space includes exclusive access to a balcony from the upper unit and a spacious, usable attic that can support storage needs or potential expansion. The lower level features an open basement with a built-in bar area.
Located at 2108 20th Avenue in Rockford, Illinois 61104, the home is set up for both comfort and privacy with a fully fenced yard. Parking is supported by a detached two-car garage with an automatic opener.
For tenants, buyers, or owner-occupants, the duplex layout can work well for flexible occupancy, including the option to live in one unit while renting the other. With updated interior finishes, separate utilities, and dedicated outdoor and garage space, the property is positioned as a straightforward choice for maintaining or operating a residential income asset.
Located at 2108 20th Avenue in Rockford, Illinois 61104, the home is set up for both comfort and privacy with a fully fenced yard. Parking is supported by a detached two-car garage with an automatic opener.
For tenants, buyers, or owner-occupants, the duplex layout can work well for flexible occupancy, including the option to live in one unit while renting the other. With updated interior finishes, separate utilities, and dedicated outdoor and garage space, the property is positioned as a straightforward choice for maintaining or operating a residential income asset.
Key Highlights
- Up‑and‑down duplex built in 1910 with 4 bedrooms and 2 bathrooms plus a basement
- Updated kitchens and bathrooms, plus hardwood floors in both units
- Separate utilities for each unit with forced‑air natural gas heat and central air
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 | $18.9k | $9.72 |
| − Vacancy | −$718 | −$0.37 |
| EGI | $18.2k | $9.35 |
| − OpEx | −$5.5k | −$2.81 |
| NOI | $12.7k | $6.55 |
1,945 SF · lease $9.72/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$181.9K
$159.1K – $212.2K
NOI $12,731 @ 7.0% cap · market cap 8.49%
Second Best
Apartment 5plus
$158.4K
$138.6K – $184.9K
NOI $11,091 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$517.3K
$452.7K – $603.6K
NOI $36,214 @ 7.0% cap · market cap 24.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
Explore this area
Business Placement
Demographics for 61104, IL
17,354
Population
9,253
Households
1.9
Avg Household Size
32
Median Age
9%
College-Educated
75%
High-School Grad
4.5 sq mi
ZIP Area
3,856
Density / Sq Mi
$32,161
Median Household Income
$26,277
Median Earnings
$854
Median Rent
$83,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - An up-and-down duplex with separate utilities, updated interiors, and a detached 2-car garage.
Where is this duplex located?
The property is located at 2108 20th Avenue Rockford, IL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Up‑and‑down duplex built in 1910 with 4 bedrooms and 2 bathrooms plus a basement; Updated kitchens and bathrooms, plus hardwood floors in both units; Separate utilities for each unit with forced‑air natural gas heat and central air
