2217 LATHAM Street, Rockford, IL 61103
- Added:
- Jul 1, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 2 at 3:06 pm
Property Features for 2217 LATHAM Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2, Basement, Bedroom 3
- Parking
- 4
- Appliances
- Refrigerator, Stove/Cooktop, Oven
- Standard status
- Active
- APN
- 1111483003
- Size
- 1,599 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- E H MARSHS PK VW SUB OF PT NE1/SEC 14+ PT SE 1/4 SEC 11-44-2 LOT 010 BLOCK 015
- Tax Annual Amount
- 1584
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Wall Unit(s)
Building Details
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
Listing agent Sarah Vinnitsky License #475.186665 (815) 494-2480
Listing office DICKERSON & NIEMAN 6277 E RIVERSIDE, Rockford, IL (815) 227-5900
Listing date Jul 1, 2026
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
- Two‑unit home: 2nd floor has a 1‑bedroom unit with a deck; first floor has 2 bedrooms
- Each unit has its own furnace; tenants pay electric and gas
- Updated windows throughout; full basement for storage
- Off‑street parking available
- Appliances included: refrigerator, stove/cooktop, and oven
- New sewer lines with warranty; heating includes forced air natural gas
Overview
The property is located on a brick street in Rockford’s Northwest neighborhood area. Off-street parking is available. The seller notes that new sewer lines have been installed with a warranty, which can reduce near-term concern for maintenance planning.
From a leasing and operations perspective, the duplex is set up for tenant-paid utilities, with each tenant responsible for electric and gas. With separate furnaces, tenants can control their own heating, and the configuration provides flexibility for occupancy planning across the two units. The combination of included appliances, updated windows, and warranty-backed sewer work may be appealing to buyers seeking a turn-key residential income property.
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 | $15.5k | $9.72 |
| − Vacancy | −$591 | −$0.37 |
| EGI | $15.0k | $9.35 |
| − OpEx | −$4.5k | −$2.81 |
| NOI | $10.5k | $6.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Longitude
- -89.080919
- Latitude
- 42.296432
