Two-Unit Duplex with
New
For Sale
$249,900
1618 Fulton Avenue, Rockford, IL 61103
MULTIFAMILY, ROCKFORD, IL
Property Size2,100 SF
Price / SF$119
Days on Market2
Property Features for 1618 Fulton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Parking
2
Appliances
Refrigerator, Stove/Cooktop
Elementary school
R K Welsh Elementary
Middle school
West Middle
High school
Guilford High
Elementary school district
Rockford 205
Middle school district
Rockford 205
High school district
Rockford 205
Subdivision
Winnebago County
Standard status
Active
APN
1111457001
Size
2,100 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
E H MARSHS PK VW SUB PT NE 1/4 SEC 14 + PT SE1/4 SEC 11-44-1 N45FT LOT 012 BLOCK 009
Tax Annual Amount
2605
Legal Description
E H MARSHS PK VW SUB PT NE 1/4 SEC 14 + PT SE1/4 SEC 11-44-1 N45FT LOT 012 BLOCK 009
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1961
Floors in Building
1
Number of units
2
Roof type
Shingle
Listing Agency:
Keller Williams Realty Signature
(815) 315-1111
Listed By:
John Wisch
(815) 980-2848
Added: Oct 28
Last Checked: Oct 29 at 11:06AM
MLS# 202606858
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,100-square-foot duplex was built in 1961 and contains two matching units, each with two bedrooms and one bathroom. A carport, additional parking, and yard space serve the property. The units have forced-air heating and window-unit cooling, with a shingle roof. Refrigerators and stoves/cooktops are included.
The property is on a corner near the Brown Park area in Rockford. Both units are occupied by long-term tenants.
The property is on a corner near the Brown Park area in Rockford. Both units are occupied by long-term tenants.
Key Highlights
- Two matching units, each with 2 bedrooms and 1 bathroom
- 2,100 square feet across the duplex
- Both units occupied by long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,745
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,900
$274.9K
Cap Rate 7%
$196,357
$196.4K
Cap Rate 9%
$152,722
$152.7K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$20.4K $9.72/SF
− Vacancy
−$776 −$0.37/SF
EGI
$19.6K $9.35/SF
− OpEx
−$5.9K −$2.81/SF
NOI
$13.7K $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%
$274,900
Cap Rate 7%
$196,357
Cap Rate 9%
$152,722
Alternative Uses
Best Use
Multifamily LT 5
$196.4K
$171.8K – $229.1K
NOI $13,745 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$171.1K
$149.7K – $199.6K
NOI $11,975 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$558.6K
$488.8K – $651.7K
NOI $39,100 @ 7.0% cap · market cap 15.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
Explore this area
Business Placement
Demographics for 61103, IL
23,294
Population
11,271
Households
2.1
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
16.3 sq mi
ZIP Area
1,429
Density / Sq Mi
$47,390
Median Household Income
$34,935
Median Earnings
$952
Median Rent
$114,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied by long-term tenants and include separate yard space.
Where is this duplex located?
The property is located at 1618 Fulton Avenue Rockford, IL.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two matching units, each with 2 bedrooms and 1 bathroom; 2,100 square feet across the duplex; Both units occupied by long‑term tenants
