Duplex with Private
New
For Sale
$210,000
224-226 Guard Street, Rockford, IL 61103
Each residence includes a basement with laundry, while the shared driveway serves both units.
Property Size960 SF
Price / SF$218.75
Days on Market6
Property Features for 224-226 Guard Street
General Information
Standard status
Active
Size
960 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Signal Hill Neighborhood Association
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,891
Amenities
central air
laundry
Listing Agency:
Keller Williams Realty Signature
Listed By:
Nastasia Brown · License #475181736
(815) 315-1111
Source:
Exprealty
Added: Oct 24
Changed: Oct 27
Last Checked: Oct 28 at 9:56AM
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 Keller Williams Realty Signature
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 side-by-side duplex has two residences, each with a private basement and laundry. Both bathrooms have been updated, and the kitchens have new countertops. Central air, furnaces, and the water heater were replaced approximately four years ago; the interiors were painted and carpeted three to four years ago.
The property has a shared driveway. One unit is occupied month to month, while the other is under lease through April 2027.
The property has a shared driveway. One unit is occupied month to month, while the other is under lease through April 2027.
Key Highlights
- Side‑by‑side duplex with two residential units
- Each unit has a private basement with laundry
- Central air, furnaces, and water heater replaced approximately 4 years ago
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
Lease Details
2
Residential units
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes a basement with laundry, while the shared driveway serves both units.
Where is this duplex located?
The property is located at 224-226 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: Side‑by‑side duplex with two residential units; Each unit has a private basement with laundry; Central air, furnaces, and water heater replaced approximately 4 years ago
