Seven-Bedroom
1035 CROSBY Street, Rockford, IL 61107
For Sale
New
$219,000
MULTIFAMILY, ROCKFORD, IL
Property Size2,100 SF
Price / SF$104.29
Days on Market5
Property Features for 1035 CROSBY Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Appliances
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
private rear deck
Building Details
Year built
Floors in Building
Number of units
Roof type
Buildings
Listing Agency:
Kingdom Realty & Property Management
Listed By:
Dawayne Robinson
(815) 985-9562
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 7 at 7:06PM
MLS# 202607001
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 2,100-square-foot duplex contains two units with seven bedrooms in total: four on the lower level and three upstairs. Renovations include luxury vinyl plank flooring, kitchens with quartz countertops and stainless steel appliances, and updated bathrooms featuring soaking tubs and subway-tiled showers. New windows and updated HVAC, plumbing, and electrical systems are among the property improvements. Both residences have private rear decks.
The property is near UW Health, Highway 251, US Route 20, shopping, and dining. The lower unit is currently rented; the upper unit provides a separate three-bedroom residence.
The property is near UW Health, Highway 251, US Route 20, shopping, and dining. The lower unit is currently rented; the upper unit provides a separate three-bedroom residence.
Key Highlights
- 2,100‑square‑foot duplex with 7 bedrooms total
- Lower unit has 4 bedrooms; upper unit has 3
- Lower residence is currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,745
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,900
$274.9K
Cap Rate 7%
$196,357
$196.4K
Cap Rate 9%
$152,722
$152.7K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$20.4K $9.72/SF
− Vacancy
−$776 −$0.37/SF
EGI
$19.6K $9.35/SF
− OpEx
−$5.9K −$2.81/SF
NOI
$13.7K $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%
$274,900
Cap Rate 7%
$196,357
Cap Rate 9%
$152,722
Alternative Uses
Best Use
Multifamily LT 5
$196.4K
$171.8K – $229.1K
NOI $13,745 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$171.1K
$149.7K – $199.6K
NOI $11,975 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$558.6K
$488.8K – $651.7K
NOI $39,100 @ 7.0% cap · market cap 17.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,631
Businesses Nearby
Explore this area
Business Placement
Demographics for 61107, IL
30,722
Population
13,711
Households
2.2
Avg Household Size
42
Median Age
37%
College-Educated
93%
High-School Grad
14.9 sq mi
ZIP Area
2,062
Density / Sq Mi
$75,492
Median Household Income
$42,494
Median Earnings
$1,053
Median Rent
$165,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Rockford, IL
Properties on Market for Duplexes in Rockford
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The lower residence is currently rented, while the upper unit offers a separate three-bedroom layout.
Where is this duplex located?
The property is located at 1035 CROSBY Street Rockford, IL.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: 2,100‑square‑foot duplex with 7 bedrooms total; Lower unit has 4 bedrooms; upper unit has 3; Lower residence is currently rented
