Four-Unit Residential Income
820 Cottage Grove Avenue Rockford, IL 61103
For Sale
$460,000
Pending
MULTI_FAMILY - ROCKFORD, IL
Property Size3,690 SF
Days on Market29
Property Features for 820 Cottage Grove Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 3, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 7, Bedroom 8, Bathroom 2, Bathroom 4, Basement, Bedroom 1
Parking
4
Appliances
Refrigerator, Stove/Cooktop
Standard status
Pending
APN
1113152001
Size
3,690 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
HARLEM PARK SUBD PT N1/2 SEC 13-44-1 W1/2 LTS 15-16 17 + 018 BLOCK 022
Tax Annual Amount
5481
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1956
Floors in Building
1
Number of units
4
Roof type
Shingle
Listing Agency:
Gambino Realtors
(815) 623-3333
Listed By:
Aimee Leon · License #475201058
(815) 516-7879
Added: Jul 2
Changed: Jul 27
Last Checked: Jul 30 at 9:06AM
MLS# 202604011
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.
Well-maintained four-unit residential income property offering four separate apartments with two bedrooms, one full bath, a living room, and an eat-in kitchen. Kitchen appliances include a stove and refrigerator. Two units include in-unit laundry hookups. Tenants pay separate utilities, and the units have air conditioning. A detached four-car garage adds on-site parking and storage flexibility, and a full basement provides additional usable space.
Three of the four units are currently leased. The property is being sold AS IS.
Each apartment’s configuration includes a living room and eat-in kitchen, supporting straightforward residential rental use. The detached garage and full basement further enhance the overall utility of the building and grounds.
Three of the four units are currently leased. The property is being sold AS IS.
Each apartment’s configuration includes a living room and eat-in kitchen, supporting straightforward residential rental use. The detached garage and full basement further enhance the overall utility of the building and grounds.
Key Highlights
- Well‑maintained four‑unit property; three units are currently leased
- Each apartment includes 2 bedrooms, 1 full bath, a living room, and an eat‑in kitchen
- Kitchen appliances included: refrigerator and stove/cooktop in each unit
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 | $35.9k | $9.72 |
| − Vacancy | −$1.4k | −$0.37 |
| EGI | $34.5k | $9.35 |
| − OpEx | −$10.4k | −$2.81 |
| NOI | $24.2k | $6.55 |
3,690 SF · lease $9.72/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$345.0K
$301.9K – $402.6K
NOI $24,153 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$300.6K
$263.0K – $350.7K
NOI $21,042 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$981.5K
$858.8K – $1.15M
NOI $68,705 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained four-unit property with three leased units, two-bedroom layouts, and a detached four-car garage.
Where is this quadplex located?
The property is located at 820 Cottage Grove Avenue Rockford, IL.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Well‑maintained four‑unit property; three units are currently leased; Each apartment includes 2 bedrooms, 1 full bath, a living room, and an eat‑in kitchen; Kitchen appliances included: refrigerator and stove/cooktop in each unit
