Riverfront
For Sale
$260,000
12730 VENTURA Boulevard, Machesney Park, IL 61115
MULTIFAMILY, MACHESNEY PARK, IL
Property Size1,288 SF
Price / SF$201.86
Days on Market8
Property Features for 12730 VENTURA Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1
Parking
2
Appliances
Dryer, Refrigerator, Stove/Cooktop, Washer
Elementary school
Ralston Elementary
Middle school
Harlem Jr
High school
Harlem High School
Elementary school district
Harlem 122
Middle school district
Harlem 122
High school district
Harlem 122
Subdivision
Winnebago County
Standard status
Active
APN
808301022
Size
1,288 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
TO FOLLOW
Tax Annual Amount
5693
Legal Description
TO FOLLOW
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Year built
1956
Floors in Building
1
Number of units
2
Roof type
Shingle
Listing Agency:
DICKERSON & NIEMAN
(815) 227-5900
Listed By:
Javen Rands · License #475.202723
(779) 207-5256
Added: Sep 18
Changed: Sep 24
Last Checked: Sep 25 at 11:06PM
MLS# 202605933
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 1,288-square-foot duplex is configured as a ranch-style two-unit property with one unit currently rented and the other vacant. The available unit includes an updated kitchen with stainless steel appliances, cabinetry, and modern flooring, along with a bathroom. A detached garage and basement add functional space to the property, which was built in 1956.
The property fronts the river and includes a large riverfront lot in Machesney Park. Building systems include forced-air heat, central air, a shingle roof, and a private well. Included appliances are a washer, dryer, refrigerator, and stove/cooktop.
The property fronts the river and includes a large riverfront lot in Machesney Park. Building systems include forced-air heat, central air, a shingle roof, and a private well. Included appliances are a washer, dryer, refrigerator, and stove/cooktop.
Key Highlights
- Two‑unit duplex with one rented unit and one vacant unit
- 1,288 square feet on a riverfront lot
- Ranch‑style layout with detached garage and basement
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
$8,431
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
3.24%
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%
$168,620
$168.6K
Cap Rate 7%
$120,443
$120.4K
Cap Rate 9%
$93,678
$93.7K
Market Conditions
NOI Build-Up for 1,288 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
$12.5K $9.72/SF
− Vacancy
−$476 −$0.37/SF
EGI
$12.0K $9.35/SF
− OpEx
−$3.6K −$2.81/SF
NOI
$8.4K $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%
$168,620
Cap Rate 7%
$120,443
Cap Rate 9%
$93,678
Alternative Uses
Best Use
Multifamily LT 5
$120.4K
$105.4K – $140.5K
NOI $8,431 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$104.9K
$91.8K – $122.4K
NOI $7,345 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$342.6K
$299.8K – $399.7K
NOI $23,982 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Explore this area
Business Placement
Demographics for 61115, IL
22,599
Population
8,983
Households
2.5
Avg Household Size
41
Median Age
18%
College-Educated
91%
High-School Grad
10.6 sq mi
ZIP Area
2,132
Density / Sq Mi
$73,771
Median Household Income
$44,141
Median Earnings
$1,111
Median Rent
$160,700
Median Home Value
Check the figures for this property
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 - Two-unit ranch property with one rented unit and a second unit available for leasing.
Where is this duplex located?
The property is located at 12730 VENTURA Boulevard Machesney Park, IL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two‑unit duplex with one rented unit and one vacant unit; 1,288 square feet on a riverfront lot; Ranch‑style layout with detached garage and basement
