5-Unit Apartment
1016-1018 Haskell Avenue, Rockford, IL 61103
For Sale
$240,000
MULTIFAMILY, ROCKFORD, IL
Property Size3,388 SF
Price / SF$70.84
Days on Market36
Property Features for 1016-1018 Haskell Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Appliances
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Building Details
Year built
Floors in Building
Number of units
Roof type
Buildings
Listing Agency:
Keller Williams Realty Signature
(815) 315-1111
Listed By:
Olga Kampmeier
(815) 621-9180
Added: Oct 8
Changed: Oct 27
Last Checked: Nov 12 at 7:06PM
MLS# 202606400
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.
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Investment Insights
Based on property information with market context.
This 3,388-square-foot apartment property contains five units: two studios, one one-bedroom apartment, one two-bedroom apartment, and one three-bedroom apartment. A detached garage with four vehicle spaces sits behind the building. Building updates include electrical panels and a roof installed in 2023; the property also has a 75-gallon water heater and forced-air heating.
The owner currently covers electricity, gas, water, sewer, and garbage service. The building dates to 1900 and is located in Rockford, Illinois.
The owner currently covers electricity, gas, water, sewer, and garbage service. The building dates to 1900 and is located in Rockford, Illinois.
Key Highlights
- Five apartments: two studios, one 1‑bedroom, one 2‑bedroom, and one 3‑bedroom unit
- 3,388 square feet
- Detached 4‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,320
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,400
$386.4K
Cap Rate 7%
$276,000
$276.0K
Cap Rate 9%
$214,667
$214.7K
Market Conditions
NOI Build-Up for 3,388 SF
Gross rent
$36.6K $10.80/SF
− Vacancy
−$1.5K −$0.43/SF
EGI
$35.1K $10.37/SF
− OpEx
−$15.8K −$4.67/SF
NOI
$19.3K $5.70/SF
Area
Rockford, IL
Vacancy
4.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,400
Cap Rate 7%
$276,000
Cap Rate 9%
$214,667
Alternative Uses
Best Use
Apartment 5plus
$276.0K
$241.5K – $322.0K
NOI $19,320 @ 7.0% cap · market cap 8.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$901.2K
$788.5K – $1.05M
NOI $63,082 @ 7.0% cap · market cap 26.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
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Business Placement
Demographics for 61103, IL
23,294
Population
11,271
Households
2.1
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
16.3 sq mi
ZIP Area
1,429
Density / Sq Mi
$47,390
Median Household Income
$34,935
Median Earnings
$952
Median Rent
$114,800
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Winnebago County, IL
Properties on Market for Apartment buildings in Winnebago County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Residential units range from studios to three-bedroom layouts, with a detached garage and updated electrical panels.
Where is this apartment building located?
The property is located at 1016-1018 Haskell Avenue Rockford, IL.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Five apartments: two studios, one 1‑bedroom, one 2‑bedroom, and one 3‑bedroom unit; 3,388 square feet; Detached 4‑car garage
