Duplex With Detached
New
For Sale
$135,000
1003 7th Street, Rockford, IL 61104
MULTIFAMILY, ROCKFORD, IL
Property Size1,598 SF
Price / SF$84.48
Days on Market7
Property Features for 1003 7th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 2, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4
Parking
1
Appliances
Refrigerator, Stove/Cooktop
Elementary school
Constance Lane Elementary School
Middle school
Abraham Lincoln Middle
High school
Rockford East High
Elementary school district
Rockford 205
Middle school district
Rockford 205
High school district
Rockford 205
Subdivision
Winnebago County
Standard status
Active
APN
1126429010
Size
1,598 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
GIDDINGS ADDN EXC W 63 FT ALL LOT 001 BLOCK 002
Tax Annual Amount
1385
Legal Description
GIDDINGS ADDN EXC W 63 FT ALL LOT 001 BLOCK 002
Utilities
Heating system
Forced Air
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
Keller Williams Realty Signature
(815) 315-1111
Listed By:
Olga Kampmeier · License #475
(815) 621-9180
Added: Sep 29
Changed: Oct 3
Last Checked: Oct 5 at 4:06PM
MLS# 202606147
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 1,598-square-foot duplex contains two apartments. The main-level residence has three bedrooms, a living room, and a kitchen; the upper apartment includes two bedrooms, a living room, and a kitchen. A detached one-car garage serves the property. Vinyl siding and vinyl windows are installed, and the home has forced-air heat and a shingle roof. The building dates to 1900.
The property is offered only in conjunction with the neighboring three-unit building at 1009 7th Street. Refrigerator and stove/cooktop are listed among the appliances.
The property is offered only in conjunction with the neighboring three-unit building at 1009 7th Street. Refrigerator and stove/cooktop are listed among the appliances.
Key Highlights
- Two apartments with three bedrooms on the main level and two bedrooms upstairs
- 1,598 square feet
- Detached one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,460
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,200
$209.2K
Cap Rate 7%
$149,429
$149.4K
Cap Rate 9%
$116,222
$116.2K
Market Conditions
NOI Build-Up for 1,598 SF
Gross rent
$15.5K $9.72/SF
− Vacancy
−$590 −$0.37/SF
EGI
$14.9K $9.35/SF
− OpEx
−$4.5K −$2.81/SF
NOI
$10.5K $6.55/SF
Area
Rockford, IL
Vacancy
3.80%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,200
Cap Rate 7%
$149,429
Cap Rate 9%
$116,222
Alternative Uses
Best Use
Multifamily LT 5
$149.4K
$130.8K – $174.3K
NOI $10,460 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$130.2K
$113.9K – $151.9K
NOI $9,112 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$425.0K
$371.9K – $495.9K
NOI $29,753 @ 7.0% cap · market cap 22.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
938
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate apartments feature three bedrooms on the main level and two bedrooms upstairs.
Where is this duplex located?
The property is located at 1003 7th Street Rockford, IL.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Two apartments with three bedrooms on the main level and two bedrooms upstairs; 1,598 square feet; Detached one‑car garage
