Updated Two-Unit
For Sale
$174,900
1212 South 5th Street, Rockford, IL 61104
Two updated units with recent exterior and sewer improvements, plus outdoor space and two driveway access points.
Property Size1,954 SF
Price / SF$89.51
Days on Market76
Property Features for 1212 South 5th Street
General Information
Standard status
Active
Size
1,954 SF
Property subtype
Multi Family / 2 Units
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Smart Home Realty
(815) 556-2272
Listed By:
Dimas Trujillo · License #475182208
Source:
Compass
Added: May 16
Changed: Jul 10
Last Checked: Jul 29 at 12:24PM
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 Smart Home Realty
Investment Insights
Based on property information with market context.
This two-unit duplex offers a straightforward income property setup with many recent updates. Exterior improvements include a newer roof, new siding, and new gutters and soffit. The main sewer line was also replaced last year, addressing key building infrastructure. The property includes outdoor space and a driveway configured with two points of access, which can be useful for routine use and day-to-day convenience.
The duplex is located at 1212 South 5th Street in Rockford, Illinois. Tenancy is currently in place on a month-to-month basis for both units. Based on the information provided, both tenants would like to remain in the property.
For investors or buyers looking for a maintained, income-producing duplex, the combination of recent exterior work and the replaced main sewer line helps reduce near-term building maintenance items. The month-to-month occupancy provides operational flexibility, while the two separate access points and outdoor space support practical residential use for tenants. Overall, it presents as a turn-key duplex option with documented updates and existing tenancy.
The duplex is located at 1212 South 5th Street in Rockford, Illinois. Tenancy is currently in place on a month-to-month basis for both units. Based on the information provided, both tenants would like to remain in the property.
For investors or buyers looking for a maintained, income-producing duplex, the combination of recent exterior work and the replaced main sewer line helps reduce near-term building maintenance items. The month-to-month occupancy provides operational flexibility, while the two separate access points and outdoor space support practical residential use for tenants. Overall, it presents as a turn-key duplex option with documented updates and existing tenancy.
Key Highlights
- Two‑unit property with central air and forced‑air natural gas heat
- Newer roof plus new siding, gutters, and soffit
- Main sewer line replaced last year
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.0k | $9.72 |
| − Vacancy | −$722 | −$0.37 |
| EGI | $18.3k | $9.35 |
| − OpEx | −$5.5k | −$2.81 |
| NOI | $12.8k | $6.55 |
1,954 SF · lease $9.72/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$182.7K
$159.9K – $213.2K
NOI $12,790 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$159.2K
$139.3K – $185.7K
NOI $11,142 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$519.7K
$454.8K – $606.4K
NOI $36,382 @ 7.0% cap · market cap 20.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,565
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated units with recent exterior and sewer improvements, plus outdoor space and two driveway access points.
Where is this duplex located?
The property is located at 1212 South 5th Street Rockford, IL.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Two‑unit property with central air and forced‑air natural gas heat; Newer roof plus new siding, gutters, and soffit; Main sewer line replaced last year
