Duplex Residential Income
For Sale
$165,000
Pending
1401 North Court Street, Rockford, IL 61103
Duplex residential income property offered for sale at 1401 North Court Street in Rockford.
Property Size2,100 SF
Days on Market160
Property Features for 1401 North Court Street
General Information
Standard status
Pending
Size
2,100 SF
Property subtype
Multi Family / 2 Units
Building Details
Year Built
1920
Listing Agency:
Weichert Realtors - Tovar Properties
(815) 877-8500
Listed By:
C. Alex Tovar · License #475.198489
(815) 877-8500
Source:
Compass
Added: Feb 20
Changed: Jul 23
Last Checked: Jul 24 at 3:26PM
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 for-sale duplex is configured as a residential income property and totals 2,100 square feet. It presents an ownership opportunity for buyers seeking a multifamily-style asset in a duplex format.
The property is located at 1401 North Court Street in Rockford, Illinois (61103).
The property is located at 1401 North Court Street in Rockford, Illinois (61103).
Key Highlights
- Duplex income property for sale at 1401 North Court Street in Rockford
- Year built 1920
- Central air cooling and forced‑air natural gas heating
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 | $20.4k | $9.72 |
| − Vacancy | −$776 | −$0.37 |
| EGI | $19.6k | $9.35 |
| − OpEx | −$5.9k | −$2.81 |
| NOI | $13.7k | $6.55 |
2,100 SF · lease $9.72/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$196.4K
$171.8K – $229.1K
NOI $13,745 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$171.1K
$149.7K – $199.6K
NOI $11,975 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$558.6K
$488.8K – $651.7K
NOI $39,100 @ 7.0% cap · market cap 23.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,175
Businesses Nearby
Explore this area
Business Placement
Demographics for 61103, IL
23,294
Population
11,271
Households
2.1
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
16.3 sq mi
ZIP Area
1,429
Density / Sq Mi
$47,390
Median Household Income
$34,935
Median Earnings
$952
Median Rent
$114,800
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 - Duplex residential income property offered for sale at 1401 North Court Street in Rockford.
Where is this duplex located?
The property is located at 1401 North Court Street Rockford, IL.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Duplex income property for sale at 1401 North Court Street in Rockford; Year built 1920; Central air cooling and forced‑air natural gas heating
