1511 8th Avenue Rockford, IL 61104
MULTI_FAMILY - ROCKFORD, IL
- Added:
- Mar 16, 2026
- Days on Market:
- 120
- Last Refresh:
- Jul 13 at 5:06 pm
Property Features for 1511 8th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 4, Basement, Bathroom 2, Bedroom 2, Bathroom 1
- Appliances
- Refrigerator, Stove/Cooktop
- Standard status
- Active
- APN
- 1125329006
- Size
- 2,350 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Per title
- Tax Annual Amount
- 2375
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1929
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
Listing agent Ken Redeker License #471012969 (815) 520-3995
Listing office Keller Williams Realty Signature 4201 Galleria Dr., Loves Park, IL (815) 315-1111
Listing date Mar 16, 2026
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.
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
Local 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 |
