Rockford Multifamily Property For
For Sale
$200,000
2234 11th Avenue, Rockford, IL 61104
MULTI_FAMILY - ROCKFORD, IL
Property Size2,622 SF
Price / SF$76.28
Days on Market137
Property Features for 2234 11th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1
Parking
2
Appliances
Refrigerator, Stove/Cooktop
Elementary school
Constance Lane Elementary School
Middle school
Abraham Lincoln Middle
High school
Rockford East High
Elementary school district
Rockford 205
Middle school district
Rockford 205
High school district
Rockford 205
Subdivision
Winnebago County
Standard status
Active
APN
1125476019
Size
2,622 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
Per title work
Tax Annual Amount
3470
Legal Description
Per title work
Utilities
Heating system
Natural Gas
Building Details
Year built
1927
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
Keller Williams Realty Signature
(815) 315-1111
Listed By:
Ken Redeker · License #471012969
(815) 520-3995
Added: Mar 16
Changed: Jul 29
Last Checked: Jul 30 at 1:06PM
MLS# 202601430
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.
Investment Insights
Based on property information with market context.
This multifamily property is located in Rockford, Illinois. It features separate utilities and a shared two-car garage. The property offers potential as a money-making investment.
Key Highlights
- Year built 1927 home with shingle roof
- Natural gas heating
- Includes refrigerator and stove/cooktop
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 | $25.5k | $9.72 |
| − Vacancy | −$968 | −$0.37 |
| EGI | $24.5k | $9.35 |
| − OpEx | −$7.4k | −$2.81 |
| NOI | $17.2k | $6.55 |
2,622 SF · lease $9.72/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$245.2K
$214.5K – $286.0K
NOI $17,162 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$213.6K
$186.9K – $249.2K
NOI $14,952 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$697.4K
$610.3K – $813.7K
NOI $48,820 @ 7.0% cap · market cap 24.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
Explore this area
Business Placement
Demographics for 61104, IL
17,354
Population
9,253
Households
1.9
Avg Household Size
32
Median Age
9%
College-Educated
75%
High-School Grad
4.5 sq mi
ZIP Area
3,856
Density / Sq Mi
$32,161
Median Household Income
$26,277
Median Earnings
$854
Median Rent
$83,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Multifamily property with separate utilities and shared two-car garage.
Where is this duplex located?
The property is located at 2234 11th Avenue Rockford, IL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Year built 1927 home with shingle roof; Natural gas heating; Includes refrigerator and stove/cooktop
