Two-Unit
New
For Sale
$185,000
1519 21St Avenue, Rockford, IL 61104
MULTIFAMILY, ROCKFORD, IL
Property Size1,500 SF
Price / SF$123.33
Days on Market1
Property Features for 1519 21St Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Basement, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1
Parking
2
Appliances
Refrigerator, Stove/Cooktop
Elementary school
District 205-RFD
Middle school
District 205-RFD
High school
District 205-RFD
Elementary school district
Rockford 205
Middle school district
Rockford 205
High school district
Rockford 205
Subdivision
Winnebago County
Standard status
Active
APN
1136306011
Size
1,500 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
UNION PARK SUBD LOT 001 BLOCK 006
Tax Annual Amount
3217
Legal Description
UNION PARK SUBD LOT 001 BLOCK 006
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1960
Floors in Building
1
Number of units
2
Roof type
Shingle
Listing Agency:
Keller Williams Realty Signature
(815) 315-1111
Listed By:
Zile Huma · License #475129675
(815) 985-0473
Added: Oct 6
Last Checked: Oct 6 at 11:06PM
MLS# 202606332
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 1,500-square-foot duplex, built in 1960, contains two residences, each arranged with two bedrooms, one full bathroom, and a living room. Forced-air heating and central air conditioning serve the property, which has a shingle roof and added attic insulation.
At 1519 21st Avenue in Rockford, the building has had several mechanical and roof updates. Both units received water heaters in ’18 and a roof replacement in ’15. Unit 1519 has a ’23 air conditioner and ’16 furnace; Unit 1521 has a ’25 air conditioner and ’11 furnace. The property includes a refrigerator and stove/cooktop.
At 1519 21st Avenue in Rockford, the building has had several mechanical and roof updates. Both units received water heaters in ’18 and a roof replacement in ’15. Unit 1519 has a ’23 air conditioner and ’16 furnace; Unit 1521 has a ’25 air conditioner and ’11 furnace. The property includes a refrigerator and stove/cooktop.
Key Highlights
- Two residences, each with 2 bedrooms, 1 full bath, and a living room
- 1,500 square feet; built in 1960
- Unit 1519: AC ’23, water heater ’18, furnace ’16, roof ’15
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,818
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,360
$196.4K
Cap Rate 7%
$140,257
$140.3K
Cap Rate 9%
$109,089
$109.1K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$14.6K $9.72/SF
− Vacancy
−$554 −$0.37/SF
EGI
$14.0K $9.35/SF
− OpEx
−$4.2K −$2.81/SF
NOI
$9.8K $6.55/SF
Area
Rockford, IL
Vacancy
3.80%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,360
Cap Rate 7%
$140,257
Cap Rate 9%
$109,089
Alternative Uses
Best Use
Multifamily LT 5
$140.3K
$122.7K – $163.6K
NOI $9,818 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$122.2K
$106.9K – $142.6K
NOI $8,554 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$399.0K
$349.1K – $465.5K
NOI $27,929 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
622
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences include two bedrooms, a full bath, and a separate living room.
Where is this duplex located?
The property is located at 1519 21St Avenue 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: Two residences, each with 2 bedrooms, 1 full bath, and a living room; 1,500 square feet; built in 1960; Unit 1519: AC ’23, water heater ’18, furnace ’16, roof ’15
