Duplex with Private
222-224 Guard Street, Rockford, IL 61103
For Sale
$210,000
Pending
MULTIFAMILY, ROCKFORD, IL
Property Size960 SF
Days on Market19
Property Features for 222-224 Guard Street
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Appliances
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
private basements with laundry
Building Details
Year built
Floors in Building
Number of units
Roof type
Buildings
Listing Agency:
Keller Williams Realty Signature
Listed By:
Nastasia Brown · License IL #475181736
(815) 315-1111
Added: Oct 24
Changed: Nov 3
Last Checked: Nov 11 at 5:06AM
MLS# 202606784
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1960 duplex contains two residences, each with its own basement and laundry area. Both bathrooms have been updated, and the kitchens have new countertops. The interiors were painted and carpeted 3–4 years ago. Natural gas forced-air furnaces, a water heater, and central air conditioning were installed approximately 4 years ago. Appliances include a washer, dryer, refrigerator, stove/cooktop, and oven.
The property has a shared driveway. One unit is occupied month to month; the other is leased through April 2027.
The property has a shared driveway. One unit is occupied month to month; the other is leased through April 2027.
Key Highlights
- Two‑unit duplex with a private basement and laundry in each unit
- Natural gas forced‑air furnaces, water heater, and central air are approximately 4 years old
- Both bathrooms have been updated; kitchens have new countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,284
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$125,680
$125.7K
Cap Rate 7%
$89,771
$89.8K
Cap Rate 9%
$69,822
$69.8K
Market Conditions
NOI Build-Up for 960 SF
Gross rent
$9.3K $9.72/SF
− Vacancy
−$355 −$0.37/SF
EGI
$9.0K $9.35/SF
− OpEx
−$2.7K −$2.81/SF
NOI
$6.3K $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%
$125,680
Cap Rate 7%
$89,771
Cap Rate 9%
$69,822
Alternative Uses
Best Use
Multifamily LT 5
$89.8K
$78.6K – $104.7K
NOI $6,284 @ 7.0% cap · market cap 2.99%
Second Best
Apartment 5plus
$78.2K
$68.4K – $91.2K
NOI $5,474 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$255.3K
$223.4K – $297.9K
NOI $17,874 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
Explore this area
Business Placement
Demographics for 61103, IL
23,294
Population
11,271
Households
2.1
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
16.3 sq mi
ZIP Area
1,429
Density / Sq Mi
$47,390
Median Household Income
$34,935
Median Earnings
$952
Median Rent
$114,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Rockford, IL
Properties on Market for Duplexes in Rockford
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each unit includes a private basement with laundry, and the two residences have different lease arrangements.
Where is this duplex located?
The property is located at 222-224 Guard Street Rockford, IL.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two‑unit duplex with a private basement and laundry in each unit; Natural gas forced‑air furnaces, water heater, and central air are approximately 4 years old; Both bathrooms have been updated; kitchens have new countertops
