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Four-Unit Multifamily Property
For Sale
$270,000

1616 Benton St, Rockford, IL 61107

Four distinct layouts include two-bedroom apartments, an attic residence, and a studio with an open-plan interior.

Property Size4,559 SF
Price / SF$59.22
Days on Market10

Property Features for 1616 Benton St

General Information

Standard status Active
Size 4,559 SF
Property subtype Residential Income

Units

Unit Mix 2 x 2BR/1BA, 1 x 1BR/1BA, 1 x studio/1BA
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $6,106

Amenities

laundry

Building Details

Buildings 1
Listing Agency: Re/Max Ignite
Listed By: Otis Johnson · License #471020945
Source: Exprealty
Added: Oct 1 Changed: Oct 10 Last Checked: Oct 10 at 2:36AM

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 Ignite

Investment Insights

Based on property information with market context.

This 4,559-square-foot multifamily property contains four units with varied layouts. The main-floor and second-floor apartments each have two bedrooms, one bathroom, a dining room, kitchen, and three-season room. An attic apartment offers one bedroom, one bathroom, a kitchen, dining area, and living room. The garage-level studio features 800 square feet of open space, a kitchen, and a full bathroom.

Laundry is available to tenants in the basement. Each unit has separate utilities and a dedicated furnace; the main-floor and second-floor apartments also have central air. The property is at 1616 Benton St in Rockford, Illinois.

Key Highlights

  • Four units with varied layouts, including two‑bedroom apartments, an attic apartment, and a garage‑level studio
  • Main‑floor and second‑floor apartments each include a three‑season room, dining room, kitchen, two bedrooms, and one bathroom
  • Attic apartment has one bedroom, one bathroom, a kitchen, dining area, and living room

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Plumbing Service (Bike/Boat/Book/etc) Store Bakery Storage Facility Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,076
Businesses Nearby

Demographics for 61107, IL

30,722
Population
13,711
Households
2.2
Avg Household Size
42
Median Age
37%
College-Educated
93%
High-School Grad
14.9 sq mi
ZIP Area
2,062
Density / Sq Mi
$75,492
Median Household Income
$42,494
Median Earnings
$1,053
Median Rent
$165,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four distinct layouts include two-bedroom apartments, an attic residence, and a studio with an open-plan interior.
Where is this quadplex located?
The property is located at 1616 Benton St Rockford, IL.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Four units with varied layouts, including two‑bedroom apartments, an attic apartment, and a garage‑level studio; Main‑floor and second‑floor apartments each include a three‑season room, dining room, kitchen, two bedrooms, and one bathroom; Attic apartment has one bedroom, one bathroom, a kitchen, dining area, and living room
More about this property
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