Duplex with Four-Car
For Sale
$188,900
1211 4th Ave, Rockford, IL 61104
Both residences are vacant and offer matching two-bedroom, one-bathroom layouts with separate living and dining rooms.
Property Size1,976 SF
Price / SF$95.60
Days on Market42
Property Features for 1211 4th Ave
General Information
Standard status
Active
Size
1,976 SF
Total Parking Spaces
4
Property subtype
Residential Income
Site & Location
Neighborhood
4th Avenue
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,098
Amenities
basement
attic storage
deck
Building Details
Buildings
1
Listing Agency:
Gambino Realtors
Listed By:
Jeffrey Brito · License #475211266
(815) 505-8589
Source:
Exprealty
Added: Sep 18
Changed: Oct 25
Last Checked: Oct 28 at 2:28PM
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 Gambino Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,976-square-foot duplex contains two vacant residences, each arranged with two bedrooms, one bathroom, a living room, and a dining room. The lower unit has updated flooring, paint, windows, electrical panel, and baseboard heat, plus basement access for laundry and storage. The upper unit features newer flooring and cabinetry, fresh paint, a newer furnace, and attic storage.
The property includes a four-car garage, newer water heaters, new gutters and rear steps, and a newer deck. Downtown, shopping, and UW Swedish American Hospital are a short drive away.
The property includes a four-car garage, newer water heaters, new gutters and rear steps, and a newer deck. Downtown, shopping, and UW Swedish American Hospital are a short drive away.
Key Highlights
- Two units, each with 2 bedrooms, 1 bathroom, living room, and dining room
- 1,976 square feet of building area
- Four‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,934
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
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
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 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 6.85%
Second Best
Apartment 5plus
$161.0K
$140.9K – $187.8K
NOI $11,268 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$525.6K
$459.9K – $613.2K
NOI $36,792 @ 7.0% cap · market cap 19.48%
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
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant and offer matching two-bedroom, one-bathroom layouts with separate living and dining rooms.
Where is this duplex located?
The property is located at 1211 4th Ave Rockford, IL.
What is the asking price?
The asking price for this property is $188,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, 1 bathroom, living room, and dining room; 1,976 square feet of building area; Four‑car garage
