Duplex with Private
New
For Sale
$210,000
224-226 Guard Street, Rockford, IL 61103
MULTIFAMILY, ROCKFORD, IL
Property Size960 SF
Price / SF$218.75
Days on Market3
Property Features for 224-226 Guard Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Basement, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 1
Parking
2
Appliances
Dryer, Refrigerator, Stove/Cooktop, Oven, Washer
Elementary school
District 205-RFD
Middle school
District 205-RFD
High school
District 205-RFD
Elementary school district
Rockford 205
Middle school district
Rockford 205
High school district
Rockford 205
Subdivision
Winnebago County
Standard status
Active
APN
1114457065
Size
960 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
RIVERSIDE 4TH ADD (EXC SELY 2 FT) LOT 5
Tax Annual Amount
3891
Legal Description
RIVERSIDE 4TH ADD (EXC SELY 2 FT) LOT 5
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
private basements with laundry
Building Details
Year built
1960
Floors in Building
1
Number of units
2
Roof type
Shingle
Buildings
1
Listing Agency:
Keller Williams Realty Signature
Listed By:
Nastasia Brown
(815) 315-1111
Added: Oct 24
Last Checked: Oct 26 at 6:06AM
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.
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains two residential units and is listed at 960 square feet. Each unit has its own basement and laundry area. Central air, gas forced-air furnaces, and a water heater were installed approximately four years ago. Both bathrooms have been updated, and the kitchen countertops were replaced. Interior painting and carpeting were completed three to four years ago.
The units have different lease arrangements: one is occupied month to month, while the other lease runs through April 2027. A shared driveway serves the property.
The units have different lease arrangements: one is occupied month to month, while the other lease runs through April 2027. A shared driveway serves the property.
Key Highlights
- Side‑by‑side duplex with two residential units
- 960 square feet
- Each unit has a private basement with laundry
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.
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate laundry and basement areas serve both homes; occupancy includes one month-to-month unit and one lease through April 2027.
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; 960 square feet; Each unit has a private basement with laundry
