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    Three-Unit Residential Income Property Title is generated by Realmo AI

    2910 Chatham Ln., Rockford, IL 61101

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    For Sale
    $237,000

    MULTI_FAMILY - ROCKFORD, IL

    Property size:
    3,750 SF
    Price / SF:
    $63/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 2:06 pm

    Property Features for 2910 Chatham Ln.

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    5
    Rooms
    Bedroom 6, Bedroom 8, Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 5, Bedroom 4, Bathroom 3, Bedroom 1, Bathroom 4, Bathroom 2, Bedroom 7
    Parking
    3
    Appliances
    Refrigerator, Stove/Cooktop, Oven
    Standard status
    Active
    APN
    1110204005
    Size
    3,750 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    per title
    Tax Annual Amount
    2496

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1800
    Floors in Building
    1
    Number of units
    3
    Roof type
    Shingle

    We can help!

    Listing Contact
    Amela Ahmetovic
    Amela Ahmetovic

    Listing agent Amela Ahmetovic License #475193492

    Listing office Keller Williams Realty Signature 4201 Galleria Dr., Loves Park, IL

    Listing date Jun 4, 2026

    MLS# 202603272 Listing URL

    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

    • Well‑maintained 3‑unit multifamily with two 3BR/1.5BA units and one 2BR/1BA unit
    • Newer windows installed in all units
    • New roof and shingle roof material
    • Recent updates include new flooring in two units
    • New water heaters installed in two units
    • Fully fenced shared backyard for tenant use

    Overview

    This well-maintained three-unit multifamily property provides rental flexibility with two units featuring a 3-bedroom and 1.5-bath layout, plus one unit featuring a 2-bedroom and 1-bath layout. The home includes several recent upgrades intended to support long-term operations, including new flooring in two units, newer windows in all units, and a newer roof. New water heaters were also installed in two units.

    The property includes a fully fenced shared backyard, giving residents a private outdoor area. As a residential income asset, it is configured as a three-unit building rather than a single-family home, supporting multiple rental streams under one ownership structure.

    For buyers seeking a manageable multifamily setup, this offering combines unit mix and documented improvements. It may suit investors looking for a three-unit portfolio addition where the building already has updates in key building systems and finishes, including roofing, windows, and select interior flooring. The fenced shared yard adds a practical residential amenity for tenants without requiring additional major site work based on the information provided.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.101778
    Latitude
    42.309386

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    FAQs

    What type of property is this?
    Triplex - Three well-maintained units offer varied bedroom and bath layouts, with updates including flooring, windows, and roof.
    Where is this triplex located?
    The property is located at 2910 Chatham Ln. Rockford, IL.
    What is the asking price?
    The asking price for this property is $237,000.
    What are key features of this property?
    This property features: Well‑maintained 3‑unit multifamily with two 3BR/1.5BA units and one 2BR/1BA unit; Newer windows installed in all units; New roof and shingle roof material
    (815) 985-5761
    We can help!
    Listing Contact
    Amela Ahmetovic
    Amela Ahmetovic
    Real Estate License ID: 475193492
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    2910 Chatham Ln., ROCKFORD, IL 61101
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