1631 8th Avenue, Rockford, IL 61104
- Added:
- May 29, 2026
- Days on Market:
- 15
- Last Refresh:
- Jun 12 at 8:06 pm
Property Features for 1631 8th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Basement, Bedroom 3, Bedroom 1
- Parking
- 1
- Appliances
- Refrigerator, Stove/Cooktop
- Standard status
- Pending
- APN
- 1125330007
- Size
- 2,034 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- GILBERT WOODRUFFS 4TH ADDN LOT 011 BLOCK 003
- Tax Annual Amount
- 2144
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 1915
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
Listing agent Katie Giese License #475197916 (815) 985-4478
Listing office Keller Williams Realty Signature 4201 Galleria Dr., Loves Park, IL (815) 315-1111
Listing date May 29, 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.
HighLights
- Fully rented 2‑unit multifamily with each unit featuring 2 bedrooms and 1 bathroom
- Main floor unit rent is $1,050; upper unit rent is $850
- Year built 1915 with forced‑air natural gas heating
- Owner pays water, sewer, and electric; tenant pays gas
- Appliances included: refrigerator and stove/cooktop
- Shingle roof; solar panels cost $46.00 plus tax per month
Overview
The property is located at 1631 8th Avenue in Rockford, IL 61104. Showings require at least 24 hours’ notice, and 48 hours’ notice is preferred to accommodate tenants.
For investors or buyers seeking a manageable residential income asset, the unit mix is straightforward with consistent bedroom and bathroom counts across both floors. With utilities split between the owner and tenants as described, underwriting can be approached with clear operating-cost assumptions. Solar panel cost and the tenant gas responsibility are also important details for anyone evaluating current and ongoing expenses.
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 | $19.8k | $9.72 |
| − Vacancy | −$751 | −$0.37 |
| EGI | $19.0k | $9.35 |
| − OpEx | −$5.7k | −$2.81 |
| NOI | $13.3k | $6.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Longitude
- -89.069379
- Latitude
- 42.258098
