5-Unit Apartment
New
For Sale
$250,000
1016-1018 Haskell Avenue, Rockford, IL 61103
MULTIFAMILY, ROCKFORD, IL
Property Size3,388 SF
Price / SF$73.79
Days on Market3
Property Features for 1016-1018 Haskell Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 1, Bedroom 8, Bedroom 6, Basement, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 7, Bedroom 4, Bathroom 4, Bathroom 5, Bathroom 2, Bedroom 5, Bedroom 3
Parking
4
Appliances
Refrigerator, Stove/Cooktop
Elementary school
R K Welsh Elementary
Middle school
West Middle
High school
Guilford High
Elementary school district
Rockford 205
Middle school district
Rockford 205
High school district
Rockford 205
Subdivision
Winnebago County
Standard status
Active
APN
1114353025
Size
3,388 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
KIMBALLS ADDN S 10 FT LOT 8 N 50 FT LOTS 6 + 007 BLOCK 001
Tax Annual Amount
4149
Legal Description
KIMBALLS ADDN S 10 FT LOT 8 N 50 FT LOTS 6 + 007 BLOCK 001
Utilities
Heating system
Forced Air
Building Details
Year built
1900
Floors in Building
2
Number of units
5
Roof type
Shingle
Listing Agency:
Keller Williams Realty Signature
(815) 315-1111
Listed By:
Olga Kampmeier · License #475
(815) 621-9180
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 10 at 12:06PM
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.
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
7.73%
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 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$901.2K
$788.5K – $1.05M
NOI $63,082 @ 7.0% cap · market cap 25.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Explore this area
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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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?
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 $250,000.
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
