Spacious Two-Story Brick Home

1423 7th Avenue, Rockford, IL 61104

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For Sale

$169,900

Two-story brick home with potential for multi-family use.

Type:Multi Family / 2 Units

Property size:

2,284 SF

Price / SF:

$74/SF

HighLights

Newer roof & gutters (2 years old)
Originally built as a 2‑family, offering potential for conversion or multi‑generational living
Spacious covered front porch
Large rear yard with alley access and cement parking pad
Huge attic with potential for additional living space
Two kitchens and two bathrooms

We can help!

Listing Contact

Julie Humpal

Learn more

For Sale

$169,900

Two-story brick home with potential for multi-family use.

Type:Multi Family / 2 Units

Property size:

2,284 SF

Price / SF:

$74/SF

Added:: May 14, 2026
Days on Market:: 30
Last Refresh:: May 15 at 8:49 pm

Property Features for 1423 7th Avenue

General Information

Standard status: Active
Size: 2,284 SF
Property subtype: Multi Family / 2 Units

Building Details

Year Built: 1910

We can help!

Listing Contact

Julie Humpal

Listing agent Julie Humpal License #471.020727

Listing office Re/Max Property Source

Listing date May 14, 2026

Source Compass

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 Re/Max Property Source

HighLights

Newer roof & gutters (2 years old)
Originally built as a 2‑family, offering potential for conversion or multi‑generational living
Spacious covered front porch
Large rear yard with alley access and cement parking pad
Huge attic with potential for additional living space
Two kitchens and two bathrooms

Overview

Originally constructed in 1910 as a two-family residence, the property is currently utilized as a single-family home. This two-story brick structure features separate entrances, offering potential for conversion back to a multi-family configuration. The interior includes rooms with new carpeting and freshly painted areas in moist locations. The kitchen area has new flooring, and several new light fixtures have been installed. The roof and gutters were replaced approximately two years ago. Interior details include natural woodwork and some hardwood floors. The property contains two kitchens and two bathrooms. A large attic space offers potential for additional development. New window treatments have been installed. The property includes a spacious covered front porch, a large rear yard with alley access, and a cement pad in the rear for parking. The property is being sold in its current condition.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$22.2k	$9.72
− Vacancy	−$844	−$0.37
EGI	$21.4k	$9.35
− OpEx	−$6.4k	−$2.81
NOI	$14.9k	$6.55

2,284 SF · lease $9.72/SF/yr · vacancy 3.80% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$213.6K

$186.9K – $249.2K (±1% cap)

NOI $14,950 @ 7.0% cap · market cap 8.80%

Second Best

Apartment 5plus

$186.1K

$162.8K – $217.1K (±1% cap)

NOI $13,024 @ 7.0% cap · market cap 7.67%

Theoretical Best

Office A

$607.5K

$531.6K – $708.8K (±1% cap)

NOI $42,526 @ 7.0% cap · market cap 25.03%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Rockford
County: Winnebago
State: Illinois
Longitude: -89.0732132
Latitude: 42.2590734

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For sale
Duplexes
IL
Rockford
61104
1423 7th Avenue

What type of property is this?

Duplex - Two-story brick home with potential for multi-family use.

Where is this duplex located?

The property is located at 1423 7th Avenue 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: Newer roof & gutters (2 years old); Originally built as a 2‑family, offering potential for conversion or multi‑generational living; Spacious covered front porch