2221 Denver Drive, Rockford, IL 61108
- Added:
- Mar 22, 2026
- Days on Market:
- 86
- Last Refresh:
- Jun 15 at 8:06 am
Property Features for 2221 Denver Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 2, Basement, Bedroom 1, Bathroom 1
- Parking
- 2
- Standard status
- Pending
- APN
- 1232329012
- Size
- 2,061 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- ALPINE MANOR SUB NO 2 SEC 32-44-2 LOT 43 & SLY STRIP OF LOT 49 BEING 9.95 FT ON W LN & 2 FT ON E LN
- Tax Annual Amount
- 5285
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1969
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
Listing agent Olga Kampmeier License #475166479 (815) 621-9180
Listing office Keller Williams Realty Signature 4201 Galleria Dr., Loves Park, IL (815) 315-1111
Listing date Mar 22, 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
- All‑brick side‑by‑side duplex built in 1969
- Each main unit has 2 bedrooms, 1 bathroom, plus a 1‑car garage
- Unit 2223 includes basement access with an in‑law suite that has a separate entrance
- In‑law suite in Unit 2223 includes a second kitchen, 1 bedroom, and 1 bathroom
- Cash only sale; property is sold as‑is and needs TLC
- Forced‑air heating and central air; shingle roof
Overview
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 | $20.0k | $9.72 |
| − Vacancy | −$761 | −$0.37 |
| EGI | $19.3k | $9.35 |
| − OpEx | −$5.8k | −$2.81 |
| NOI | $13.5k | $6.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Longitude
- -89.031946
- Latitude
- 42.242482
