226-228 Smith Avenue, Rockford, IL 61107
- Added:
- Nov 13, 2025
- Days on Market:
- 211
- Last Refresh:
- Jun 12 at 8:06 pm
Property Features for 226-228 Smith Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 2
- Parking
- 1
- Appliances
- Refrigerator, Stove/Cooktop
- Standard status
- Pending
- APN
- 1124378022
- Size
- 1,264 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Johnson + Knowles Sub PT BLK 13 Spaffords and to RFD Lot 1 + N 5 ft Lot 002 Block 002
- Tax Annual Amount
- 2517
Utilities
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
Listing agent Margaret Archer License #471003361 (815) 988-8821
Listing office Key Realty, Inc 6755 Weaver Rd. Suite B, Rockford, IL (815) 713-1100
Listing date Nov 13, 2025
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
- Two large units, 1,264 SF each, with 3 bedrooms and 1 bath per unit
- Left unit is vacant and needs repair
- Right unit is currently rented and described as in good shape
- Heating includes natural gas forced air; appliances include refrigerator and stove/cooktop
- Shingle roof; year built listed as 1900
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 | $12.3k | $9.72 |
| − Vacancy | −$467 | −$0.37 |
| EGI | $11.8k | $9.35 |
| − OpEx | −$3.5k | −$2.81 |
| NOI | $8.3k | $6.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Longitude
- -89.0697976
- Latitude
- 42.2691233
