Side-by-Side Duplex
1231-1233 North Main Street Rockford, IL 61103
For Sale
$229,900
Townhouse-style duplex with identical unit layouts, updated interiors, separate basement, and fenced yard.
Property Size2,392 SF
Price / SF$96.11
Days on Market58
Property Features for 1231-1233 North Main Street
General Information
Standard status
Active
Size
2,392 SF
Property subtype
Multi Family / 2 Units
Building Details
Year Built
1915
Listing Agency:
Weichert Realtors - Tovar Properties
(815) 877-8500
Listed By:
Alice Lin · License #475188256
(815) 877-8500
Source:
Compass
Added: Jun 1
Changed: Jul 22
Last Checked: Jul 28 at 12:42PM
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 Weichert Realtors - Tovar Properties
Investment Insights
Based on property information with market context.
This side-by-side, townhouse-style duplex features two units with identical layouts, offering nearly 2,400 square feet of living space across the property. Each unit has a welcoming front porch and a first floor with a bright living room, a large dining room, and an updated kitchen that opens to a new deck. Premium tile flooring runs throughout the first floor.
Upstairs, each unit includes three generously sized bedrooms with luxury vinyl plank flooring and a completely renovated bathroom featuring a tile-surrounded shower, a new vanity, and tile flooring. Additional storage is provided with a large attic for each unit.
The property includes a separated basement and a fenced yard. Other updates listed include fresh interior paint, new windows, two new water heaters, and updated lighting fixtures. The seller will also provide a refrigerator and stove for the other unit prior to closing.
Upstairs, each unit includes three generously sized bedrooms with luxury vinyl plank flooring and a completely renovated bathroom featuring a tile-surrounded shower, a new vanity, and tile flooring. Additional storage is provided with a large attic for each unit.
The property includes a separated basement and a fenced yard. Other updates listed include fresh interior paint, new windows, two new water heaters, and updated lighting fixtures. The seller will also provide a refrigerator and stove for the other unit prior to closing.
Key Highlights
- Townhouse‑style side‑by‑side duplex with nearly 2,400 sqft across two units with identical layouts
- Each unit has 3 bedrooms, a renovated bathroom (tile‑surrounded shower, new vanity, tile flooring), and its own large attic for extra space
- Separated basement plus fenced yard for privacy
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 | $23.3k | $9.72 |
| − Vacancy | −$884 | −$0.37 |
| EGI | $22.4k | $9.35 |
| − OpEx | −$6.7k | −$2.81 |
| NOI | $15.7k | $6.55 |
2,392 SF · lease $9.72/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$223.7K
$195.7K – $261.0K
NOI $15,657 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$194.9K
$170.5K – $227.3K
NOI $13,640 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$636.2K
$556.7K – $742.3K
NOI $44,537 @ 7.0% cap · market cap 19.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Townhouse-style duplex with identical unit layouts, updated interiors, separate basement, and fenced yard.
Where is this duplex located?
The property is located at 1231-1233 North Main Street Rockford, IL.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Townhouse‑style side‑by‑side duplex with nearly 2,400 sqft across two units with identical layouts; Each unit has 3 bedrooms, a renovated bathroom (tile‑surrounded shower, new vanity, tile flooring), and its own large attic for extra space; Separated basement plus fenced yard for privacy
