Two-Unit Duplex with Detached
New
For Sale
$185,000
1672 Ethel Avenue, Rockford, IL 61107
MULTIFAMILY, ROCKFORD, IL
Property Size2,064 SF
Price / SF$89.63
Days on Market4
Property Features for 1672 Ethel Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 4, Basement, Bathroom 1, Bedroom 1, Bathroom 2
Parking
4
Appliances
Dryer, Refrigerator, Stove/Cooktop, Washer
Elementary school
Clifford P Carlson Elementary
Middle school
Eisenhower 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
1124126024
Size
2,064 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
ARLINGTON HEIGHTS PT NW1/4 SEC 24-44-1 LOTS 23 + 24 + E1/2 LOT 26 LOT 025 BLOCK 003
Tax Annual Amount
2363
Legal Description
ARLINGTON HEIGHTS PT NW1/4 SEC 24-44-1 LOTS 23 + 24 + E1/2 LOT 26 LOT 025 BLOCK 003
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
main-floor laundry
front porch
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Roof type
Shingle
Buildings
1
Listing Agency:
Gambino Realtors
(815) 282-2222
Listed By:
Korky Williams
(815) 494-7812
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 26 at 7:06AM
MLS# 202606773
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.
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Investment Insights
Based on property information with market context.
This 2,064-square-foot duplex in Rockford contains two residences, each with two bedrooms and a dining room. Some hardwood flooring and newer windows are present. The lower unit has main-floor laundry. A detached two-car garage and large front porch are additional property features.
The roof, siding, and gutters were replaced in 2021; the furnace and central air date to 2015. Basement waterproofing was completed in 2021. The property occupies a corner lot near Sinnissippi Park and Nicholas Conservatory.
The roof, siding, and gutters were replaced in 2021; the furnace and central air date to 2015. Basement waterproofing was completed in 2021. The property occupies a corner lot near Sinnissippi Park and Nicholas Conservatory.
Key Highlights
- Two‑unit property with 2 bedrooms in each residence
- 2,064 square feet of building area
- Detached 2 car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,510
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,200
$270.2K
Cap Rate 7%
$193,000
$193.0K
Cap Rate 9%
$150,111
$150.1K
Market Conditions
NOI Build-Up for 2,064 SF
Gross rent
$20.1K $9.72/SF
− Vacancy
−$762 −$0.37/SF
EGI
$19.3K $9.35/SF
− OpEx
−$5.8K −$2.81/SF
NOI
$13.5K $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%
$270,200
Cap Rate 7%
$193,000
Cap Rate 9%
$150,111
Alternative Uses
Best Use
Multifamily LT 5
$193.0K
$168.9K – $225.2K
NOI $13,510 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$168.1K
$147.1K – $196.2K
NOI $11,770 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$549.0K
$480.4K – $640.5K
NOI $38,430 @ 7.0% cap · market cap 20.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms, with laundry located on the main level of the lower unit.
Where is this duplex located?
The property is located at 1672 Ethel 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‑unit property with 2 bedrooms in each residence; 2,064 square feet of building area; Detached 2 car garage
