Rockford Multifamily Property For
For Sale
$200,000
1511 8th Avenue, Rockford, IL 61104
MULTI_FAMILY - ROCKFORD, IL
Property Size2,350 SF
Price / SF$85.11
Days on Market137
Property Features for 1511 8th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Basement, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2
Appliances
Refrigerator, Stove/Cooktop
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
Active
APN
1125329006
Size
2,350 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
Per title
Tax Annual Amount
2375
Legal Description
Per title
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central 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:
Ken Redeker · License #471012969
(815) 520-3995
Added: Mar 16
Changed: Jul 29
Last Checked: Jul 30 at 1:06PM
MLS# 202601428
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 multifamily property is located in Rockford, Illinois. The property contains multiple units. Each unit has a similar layout. The current rent is $875 per month for both units. Tenants are responsible for paying utilities. The property size is 2350 square feet. Full financial details are available with an offer.
Key Highlights
- 1929‑built property with central air and natural gas forced‑air heating
- Kitchen appliances include refrigerator and stove/cooktop
- Two units with very similar layouts; current rent is $875/month for both units
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 | $22.8k | $9.72 |
| − Vacancy | −$868 | −$0.37 |
| EGI | $22.0k | $9.35 |
| − OpEx | −$6.6k | −$2.81 |
| NOI | $15.4k | $6.55 |
2,350 SF · lease $9.72/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$219.7K
$192.3K – $256.4K
NOI $15,382 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$191.4K
$167.5K – $223.4K
NOI $13,401 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$625.1K
$546.9K – $729.3K
NOI $43,755 @ 7.0% cap · market cap 21.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,565
Businesses Nearby
Explore this area
Business Placement
Demographics for 61104, IL
17,354
Population
9,253
Households
1.9
Avg Household Size
32
Median Age
9%
College-Educated
75%
High-School Grad
4.5 sq mi
ZIP Area
3,856
Density / Sq Mi
$32,161
Median Household Income
$26,277
Median Earnings
$854
Median Rent
$83,700
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 - Multifamily property in Rockford, Illinois, with tenant-paid utilities.
Where is this duplex located?
The property is located at 1511 8th Avenue Rockford, IL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1929‑built property with central air and natural gas forced‑air heating; Kitchen appliances include refrigerator and stove/cooktop; Two units with very similar layouts; current rent is $875/month for both units
