Two-Unit Duplex with
For Sale
$149,900
2119 Sandy Hollow Rd, Rockford, IL 61109
One apartment has two bedrooms, while the second is configured with one bedroom.
Property Size1,786 SF
Price / SF$83.93
Days on Market8
Property Features for 2119 Sandy Hollow Rd
General Information
Standard status
Active
Size
1,786 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
With some TLC
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,052
Amenities
three season porch
first floor laundry
outdoor patio space
Listing Agency:
Re/Max of Rock Valley
Listed By:
Taylor Miller · License #475188893
(815) 751-8943
Source:
Exprealty
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 28 at 12:08PM
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 Re/Max of Rock Valley
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Investment Insights
Based on property information with market context.
This 1,786-square-foot duplex contains two apartments: one with two bedrooms and one with a single bedroom. The larger unit includes a living room, formal dining room, three-season porch, first-floor laundry, and a two-car garage. Outdoor features include a patio, and the property is being sold as-is.
Sandy Hollow Golf Course is nearby, along with shopping and dining options. The two-unit layout includes a distinct bedroom configuration in each apartment.
Sandy Hollow Golf Course is nearby, along with shopping and dining options. The two-unit layout includes a distinct bedroom configuration in each apartment.
Key Highlights
- Two‑unit duplex totaling 1786 square feet
- Unit mix includes one two‑bedroom apartment and one one‑bedroom apartment
- Larger unit has a formal dining room, three‑season porch, and first‑floor laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,690
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,800
$233.8K
Cap Rate 7%
$167,000
$167.0K
Cap Rate 9%
$129,889
$129.9K
Market Conditions
NOI Build-Up for 1,786 SF
Gross rent
$17.4K $9.72/SF
− Vacancy
−$660 −$0.37/SF
EGI
$16.7K $9.35/SF
− OpEx
−$5.0K −$2.81/SF
NOI
$11.7K $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%
$233,800
Cap Rate 7%
$167,000
Cap Rate 9%
$129,889
Alternative Uses
Best Use
Multifamily LT 5
$167.0K
$146.1K – $194.8K
NOI $11,690 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$145.5K
$127.3K – $169.7K
NOI $10,184 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$475.1K
$415.7K – $554.2K
NOI $33,254 @ 7.0% cap · market cap 22.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
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Business Placement
Demographics for 61109, IL
26,958
Population
11,829
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
38.5 sq mi
ZIP Area
700
Density / Sq Mi
$61,702
Median Household Income
$38,375
Median Earnings
$916
Median Rent
$124,900
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 - One apartment has two bedrooms, while the second is configured with one bedroom.
Where is this duplex located?
The property is located at 2119 Sandy Hollow Rd Rockford, IL.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1786 square feet; Unit mix includes one two‑bedroom apartment and one one‑bedroom apartment; Larger unit has a formal dining room, three‑season porch, and first‑floor laundry
