Rockford Multifamily Investment
For Sale
$185,000
Pending
1401 20th Street, Rockford, IL 61108
MULTI_FAMILY - ROCKFORD, IL
Property Size2,566 SF
Days on Market143
Property Features for 1401 20th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Basement, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1
Parking
2
Appliances
Dryer, Refrigerator, Oven, Washer
Elementary school
Constance Lane Elementary School
Middle school
Abraham Lincoln Middle
High school
Rockford East High
Elementary school district
Rockford 205
Middle school district
Rockford 205
High school district
Rockford 205
Subdivision
Winnebago County
Standard status
Pending
APN
1125483018
Size
2,566 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
GEO E SCOTTS AVONDALE ADD IN SE PT SEC 25-44-1 LOT 007 BLOCK 017
Tax Annual Amount
3391
Legal Description
GEO E SCOTTS AVONDALE ADD IN SE PT SEC 25-44-1 LOT 007 BLOCK 017
Utilities
Heating system
Natural Gas, Forced Air
Building Details
Year built
1929
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
Keller Williams Realty Signature
(815) 315-1111
Listed By:
Mary Maxted · License #475158256
(815) 315-1111
Added: Mar 10
Changed: Jul 9
Last Checked: Jul 30 at 3:06PM
MLS# 202601308
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 is an opportunity to invest in an all-brick two-unit property. Each spacious unit features a large living room, a separate dining room, a kitchen, two bedrooms, and a full bath. The units have wood floors, trim and doors, natural light, and arched doorways. There are two interior staircases to the second story. A new roof was installed in 2024. Laundry facilities are located in the basement. The property includes a detached garage with one stall for each unit. The property is tenant-occupied, and 48-hour notice is required for showings. The property is being sold "As Is." The property size is 2566 square feet and is located in Rockford, IL 61108.
Key Highlights
- Majestic all‑brick two‑unit property with spacious layouts in each unit
- Each unit features a large living room, separate dining room, kitchen, two bedrooms, and a full bath
- Two interior staircases lead to the second story
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 | $24.9k | $9.72 |
| − Vacancy | −$948 | −$0.37 |
| EGI | $24.0k | $9.35 |
| − OpEx | −$7.2k | −$2.81 |
| NOI | $16.8k | $6.55 |
2,566 SF · lease $9.72/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$239.9K
$210.0K – $279.9K
NOI $16,796 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$209.0K
$182.9K – $243.9K
NOI $14,632 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$682.5K
$597.2K – $796.3K
NOI $47,777 @ 7.0% cap · market cap 25.83%
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
453
Businesses Nearby
Explore this area
Business Placement
Demographics for 61108, IL
29,660
Population
12,650
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
87%
High-School Grad
10.9 sq mi
ZIP Area
2,721
Density / Sq Mi
$63,046
Median Household Income
$34,856
Median Earnings
$986
Median Rent
$128,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Spacious two-unit property with recent roof, tenant occupied.
Where is this duplex located?
The property is located at 1401 20th Street Rockford, IL.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Majestic all‑brick two‑unit property with spacious layouts in each unit; Each unit features a large living room, separate dining room, kitchen, two bedrooms, and a full bath; Two interior staircases lead to the second story
