5-Unit Apartment
For Sale
$250,000
1016 Haskell Avenue, Rockford, IL 61103
A varied residential layout is paired with a detached garage and updated electrical panels.
Property Size3,388 SF
Price / SF$73.79
Days on Market22
Property Features for 1016 Haskell Avenue
General Information
Standard status
Active
Size
3,388 SF
Total Parking Spaces
4
Property subtype
Commercial
Zoning
MULTI
Site & Location
Neighborhood
Northwest United Neighbors
Units
Unit Mix
2 x studio, 1 x 1BR, 1 x 2BR, 1 x 3BR
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$4,149
Building Details
Building Size
3,388 SF
Year Built
1900
Buildings
1
Stories
2
Units
5
Listing Agency:
Keller Williams Realty Signature
Listed By:
Olga Kampmeier · License #475
(815) 315-1111
Source:
Fishmangroup
Added: Oct 8
Changed: Oct 26
Last Checked: Oct 26 at 3:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Signature
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Investment Insights
Based on property information with market context.
Located in Rockford, this 3,388-square-foot apartment building was constructed in 1900 and contains five units: two studios, one one-bedroom, one two-bedroom, and one three-bedroom apartment. A detached four-car garage stands behind the building. Building features include a 75-gallon water heater, updated electrical panels, and a roof installed in 2023.
The property is zoned MULTI. The owner currently covers electricity, gas, water, sewer, and garbage service.
The property is zoned MULTI. The owner currently covers electricity, gas, water, sewer, and garbage service.
Key Highlights
- Five apartments: two studios, one 1‑bedroom, one 2‑bedroom, and one 3‑bedroom
- Detached 4‑car garage at the rear
- Roof installed in 2023
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.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - A varied residential layout is paired with a detached garage and updated electrical panels.
Where is this apartment building located?
The property is located at 1016 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; Detached 4‑car garage at the rear; Roof installed in 2023
