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    Fully Rented Multifamily Property Title is generated by Realmo AI

    1819 Logan Street, Rockford, IL 61103

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    Claim this Listing
    Pending
    $345,000

    MULTI_FAMILY - ROCKFORD, IL

    Property size:
    3,567 SF
    Added:
    May 29, 2026
    Days on Market:
    15
    Last Refresh:
    Jun 12 at 8:06 pm

    Property Features for 1819 Logan Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bedroom 7, Bathroom 2, Basement, Bedroom 1, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 8
    Parking
    4
    Appliances
    Dryer, Refrigerator, Stove/Cooktop, Washer
    Standard status
    Pending
    APN
    1113154005
    Size
    3,567 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    HARLEM PARK SUBD PT N1/2 SEC 13-44-1 N1/3 LOT 14 + ALL LOT 015 BLOCK 025
    Tax Annual Amount
    5862

    Utilities

    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1955
    Floors in Building
    1
    Number of units
    4
    Roof type
    Shingle

    We can help!

    Listing Contact
    Katie Giese
    Katie Giese

    Listing agent Katie Giese License #475197916

    Listing office Keller Williams Realty Signature 4201 Galleria Dr., Loves Park, IL

    Listing date May 29, 2026

    MLS# 202603100 Listing URL

    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 all‑brick 4‑unit multifamily property with four identical 2‑bedroom layouts
    • Each unit includes a full bathroom, light‑filled living room with large picture window, and sizable kitchen
    • Appliances included: refrigerator, stove/cooktop, washer, and dryer
    • Refinished hardwood floors throughout and waterproof soft‑close cabinetry in the kitchens
    • Heating is natural gas forced air with central air cooling
    • Includes two parking spots behind the building plus a brick 2‑car garage; owner pays water and sewer

    Overview

    This is a fully rented, all-brick, four-unit multifamily property with a strong rental history. Each of the four identical units features two bedrooms, a full bathroom, a light-filled living room with a large picture window, and a sizable kitchen with waterproof soft-close cabinetry and room for a table. Refinished hardwood floors are present throughout. The property includes two parking spots behind the building, plus a brick two-car garage. Numerous updates have been completed throughout the property by the previous owner. Tenant pays for gas and electric. The property owner pays for water and sewer. The property contains 3,567 square feet.

    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 $34.7k $9.72
    − Vacancy −$1.3k −$0.37
    EGI $33.4k $9.35
    − OpEx −$10.0k −$2.81
    NOI $23.3k $6.55
    3,567 SF · lease $9.72/SF/yr · vacancy 3.80% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $333.5K
    $291.9K – $389.1K (±1% cap)
    NOI $23,348 @ 7.0% cap · market cap 6.77%
    Second Best
    Apartment 5plus
    $290.6K
    $254.3K – $339.0K (±1% cap)
    NOI $20,340 @ 7.0% cap · market cap 5.90%
    Theoretical Best
    Office A
    $948.8K
    $830.2K – $1.11M (±1% cap)
    NOI $66,415 @ 7.0% cap · market cap 19.25%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.073587
    Latitude
    42.290997

    FAQs

    What type of property is this?
    Quadplex - All brick 4-unit property with strong rental history in Rockford.
    Where is this quadplex located?
    The property is located at 1819 Logan Street Rockford, IL.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: Fully rented all‑brick 4‑unit multifamily property with four identical 2‑bedroom layouts; Each unit includes a full bathroom, light‑filled living room with large picture window, and sizable kitchen; Appliances included: refrigerator, stove/cooktop, washer, and dryer
    More about this property
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