Two-Unit Residential Income
2108 16th Avenue Rockford, IL 61104
2108 16th Avenue, Rockford, IL, 61104
$129,000
Pending
For Sale
$129,000
Pending
Two-unit duplex with separate utilities, washer/dryer hookups, and a full basement.
Property Size1,762 SF
Days on Market35
Property Features for 2108 16th Avenue
General Information
- Standard status
- Pending
- Size
- 1,762 SF
- Property subtype
- Multi Family / 2 Units
Building Details
- Year Built
- 1900
Listing agency
EXIT Realty Redefined Maurer Group
(815) 608-6060
Listed by
Sherry Ackerman · License #475125689
(815) 608-6060
Source
Compass
Added: Jun 18 Updated: Jul 21 at 11:52AM Checked: Jul 22 at 8:20AM
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 EXIT Realty Redefined Maurer Group
Investment Insights
Based on property information with market context.
This two-unit duplex is offered as an investment property with both units fully rented. The property includes a full basement with washer/dryer hookups, and the units have separate utilities. The owner pays water, sewer, and garbage.
The layout consists of an upper unit with two bedrooms and a main-level unit with one bedroom. The property is described as having approximately 1,762 square feet and includes furnaces and water heaters. The furnaces are listed as 90+ and the water heaters are approximately two years new.
Seller indicates that one year leases are in place and that two stoves and one refrigerator remain with the property. Washer/dryer hookups are in the basement, and buyers are instructed to independently verify unit square footage and any other pertinent information.
The layout consists of an upper unit with two bedrooms and a main-level unit with one bedroom. The property is described as having approximately 1,762 square feet and includes furnaces and water heaters. The furnaces are listed as 90+ and the water heaters are approximately two years new.
Seller indicates that one year leases are in place and that two stoves and one refrigerator remain with the property. Washer/dryer hookups are in the basement, and buyers are instructed to independently verify unit square footage and any other pertinent information.
Key Highlights
- 2‑unit duplex, fully rented; rents listed at $650/$750 with one‑year leases
- 1,762 SF total with a full basement and washer/dryer hookups in the basement
- Separate utilities; owner pays water, sewer, and garbage
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 | $17.1k | $9.72 |
| − Vacancy | −$651 | −$0.37 |
| EGI | $16.5k | $9.35 |
| − OpEx | −$4.9k | −$2.81 |
| NOI | $11.5k | $6.55 |
1,762 SF · lease $9.72/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$164.8K
$144.2K – $192.2K
NOI $11,533 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$143.5K
$125.6K – $167.5K
NOI $10,048 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$468.7K
$410.1K – $546.8K
NOI $32,807 @ 7.0% cap · market cap 25.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex with separate utilities, washer/dryer hookups, and a full basement.
Where is this duplex located?
The property is located at 2108 16th Avenue Rockford, IL.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: 2‑unit duplex, fully rented; rents listed at $650/$750 with one‑year leases; 1,762 SF total with a full basement and washer/dryer hookups in the basement; Separate utilities; owner pays water, sewer, and garbage
