Two-Unit Duplex
For Sale
$169,900
Pending
1304 Benton St, Rockford, IL 61107
Two residential units offer distinct bedroom and bath configurations, with the lower unit currently occupied by a tenant.
Property Size2,144 SF
Days on Market182
Property Features for 1304 Benton St
General Information
Standard status
Pending
Size
2,144 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,772
Listing Agency:
Smart Home Realty
Listed By:
Dimas Trujillo · License #475182208
(815) 556-2272
Source:
Exprealty
Added: Apr 7
Changed: Oct 4
Last Checked: Oct 4 at 1:32PM
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.
Located at 1304 Benton St in Rockford, Illinois, this 2,144-square-foot duplex contains two separate residential units. The upper unit includes three bedrooms and 1.5 baths. The lower unit has two bedrooms and one full bath and is currently rented. The configuration may accommodate an owner-occupant in one unit while retaining rental use in the other.
Key Highlights
- 2,144‑square‑foot duplex at 1304 Benton St, Rockford, IL
- Upper unit includes 3 bedrooms and 1.5 baths
- Lower unit offers 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,033
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,660
$280.7K
Cap Rate 7%
$200,471
$200.5K
Cap Rate 9%
$155,922
$155.9K
Market Conditions
NOI Build-Up for 2,144 SF
Gross rent
$20.8K $9.72/SF
− Vacancy
−$792 −$0.37/SF
EGI
$20.0K $9.35/SF
− OpEx
−$6.0K −$2.81/SF
NOI
$14.0K $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%
$280,660
Cap Rate 7%
$200,471
Cap Rate 9%
$155,922
Alternative Uses
Best Use
Multifamily LT 5
$200.5K
$175.4K – $233.9K
NOI $14,033 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$174.7K
$152.8K – $203.8K
NOI $12,226 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$570.3K
$499.0K – $665.3K
NOI $39,920 @ 7.0% cap · market cap 23.50%
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
1,320
Businesses Nearby
Explore this area
Business Placement
Demographics for 61107, IL
30,722
Population
13,711
Households
2.2
Avg Household Size
42
Median Age
37%
College-Educated
93%
High-School Grad
14.9 sq mi
ZIP Area
2,062
Density / Sq Mi
$75,492
Median Household Income
$42,494
Median Earnings
$1,053
Median Rent
$165,200
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 - Two residential units offer distinct bedroom and bath configurations, with the lower unit currently occupied by a tenant.
Where is this duplex located?
The property is located at 1304 Benton St Rockford, IL.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 2,144‑square‑foot duplex at 1304 Benton St, Rockford, IL; Upper unit includes 3 bedrooms and 1.5 baths; Lower unit offers 2 bedrooms and 1 full bath
