Updated Duplex with
For Sale
$189,900
Pending
1211 4th Avenue, Rockford, IL 61104
MULTIFAMILY, ROCKFORD, IL
Property Size1,976 SF
Days on Market9
Property Features for 1211 4th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Parking
4
Appliances
Microwave, Refrigerator, Stove/Cooktop
Elementary school
C Henry Bloom Elementary
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
Pending
APN
1126281006
Size
1,976 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
GREGORYS ADDN E 1/2 LOT 006 BLOCK 035
Tax Annual Amount
2098
Legal Description
GREGORYS ADDN E 1/2 LOT 006 BLOCK 035
Utilities
Heating system
Natural Gas, Electric (Heating), Baseboard
Amenities
basement laundry/storage
attic storage
deck
Building Details
Year built
1909
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
Gambino Realtors
(815) 282-2222
Listed By:
Jeffrey Brito · License #475211266
(815) 505-8589
Added: Sep 18
Changed: Sep 24
Last Checked: Sep 26 at 12:06AM
MLS# 202605911
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 1,976-square-foot duplex, built in 1909, contains two vacant units with matching layouts: each offers 2 bedrooms, 1 bathroom, a living room, and a dining room. The lower residence has laminate flooring, fresh paint, new windows, a new electrical panel, new baseboard heaters, and basement access for laundry and storage. The upper unit includes newer laminate flooring and cabinets, fresh paint, a newer furnace, and attic storage access.
Exterior and mechanical improvements include newer water heaters, new gutters, new rear steps, and a newer deck. The property also includes a large 4 car garage. Located in Rockford near downtown, shopping, and UW Swedish American Hospital, the duplex is currently vacant and accommodates either an owner-occupant arrangement or separate residential tenancy.
Exterior and mechanical improvements include newer water heaters, new gutters, new rear steps, and a newer deck. The property also includes a large 4 car garage. Located in Rockford near downtown, shopping, and UW Swedish American Hospital, the duplex is currently vacant and accommodates either an owner-occupant arrangement or separate residential tenancy.
Key Highlights
- Two‑unit duplex with 1,976 square feet of property size
- Each unit includes 2 bedrooms, 1 bathroom, living room, and dining room
- Large 4 car garage provides substantial on‑site parking and storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,934
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$258,680
$258.7K
Cap Rate 7%
$184,771
$184.8K
Cap Rate 9%
$143,711
$143.7K
Market Conditions
NOI Build-Up for 1,976 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$19.2K $9.72/SF
− Vacancy
−$730 −$0.37/SF
EGI
$18.5K $9.35/SF
− OpEx
−$5.5K −$2.81/SF
NOI
$12.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$258,680
Cap Rate 7%
$184,771
Cap Rate 9%
$143,711
Alternative Uses
Best Use
Multifamily LT 5
$184.8K
$161.7K – $215.6K
NOI $12,934 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$161.0K
$140.9K – $187.8K
NOI $11,268 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$525.6K
$459.9K – $613.2K
NOI $36,792 @ 7.0% cap · market cap 19.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,599
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 - Vacant two-unit property with refreshed interiors, basement storage, attic access, and a four-car garage.
Where is this duplex located?
The property is located at 1211 4th Avenue Rockford, IL.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,976 square feet of property size; Each unit includes 2 bedrooms, 1 bathroom, living room, and dining room; Large 4 car garage provides substantial on‑site parking and storage
