Two-Unit Residential Income
2217 Latham Street Rockford, IL 61103
For Sale
$139,000
Two-unit duplex with off-street parking, updated windows, and individual furnaces in each unit.
Property Size1,599 SF
Price / SF$86.93
Days on Market30
Property Features for 2217 Latham Street
General Information
Standard status
Active
Size
1,599 SF
Property subtype
Two to Four Units / 2 Flat
Listing Agency:
DICKERSON & NIEMAN
(815) 227-5900
Listed By:
Sarah Vinnitsky · License #475.186665
(815) 227-5900
Source:
Compass
Added: Jun 28
Changed: Jul 21
Last Checked: Jul 27 at 10:48AM
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 DICKERSON & NIEMAN
Investment Insights
Based on property information with market context.
This two-unit duplex offers separate living space across two levels. The second floor features a spacious one-bedroom unit with a deck. The first floor has two bedrooms. A full basement provides additional storage, and updated windows are noted throughout the property.
Off-street parking is available. The listing also states that tenants pay their own electric and gas, and each unit has a furnace. All appliances are included, and new sewer lines with a warranty are in place.
For a residential income buyer, the property provides two distinct units, independent heating via furnaces, and practical support spaces including a basement and decked second-floor layout.
Off-street parking is available. The listing also states that tenants pay their own electric and gas, and each unit has a furnace. All appliances are included, and new sewer lines with a warranty are in place.
For a residential income buyer, the property provides two distinct units, independent heating via furnaces, and practical support spaces including a basement and decked second-floor layout.
Key Highlights
- Two‑unit duplex with off‑street parking
- 1BD unit on the 2nd floor with a deck; 1st floor unit has 2 bedrooms
- Full basement for storage
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 | $15.5k | $9.72 |
| − Vacancy | −$591 | −$0.37 |
| EGI | $15.0k | $9.35 |
| − OpEx | −$4.5k | −$2.81 |
| NOI | $10.5k | $6.55 |
1,599 SF · lease $9.72/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$149.5K
$130.8K – $174.4K
NOI $10,466 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$130.3K
$114.0K – $152.0K
NOI $9,118 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$425.3K
$372.2K – $496.2K
NOI $29,772 @ 7.0% cap · market cap 21.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with off-street parking, updated windows, and individual furnaces in each unit.
Where is this duplex located?
The property is located at 2217 Latham Street Rockford, IL.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Two‑unit duplex with off‑street parking; 1BD unit on the 2nd floor with a deck; 1st floor unit has 2 bedrooms; Full basement for storage
