Three-Unit Residential Income
2910 Chatham Ln. Rockford, IL 61101
2910 Chatham Ln., Rockford, IL, 61101
$237,000
Pending
For Sale
$237,000
Pending
MULTI_FAMILY - ROCKFORD, IL
Property Size3,750 SF
Days on Market48
Property Features for 2910 Chatham Ln.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 8, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 7, Bathroom 1, Bathroom 4, Bedroom 6, Bedroom 5, Bathroom 5
- Parking
- 3
- Appliances
- Refrigerator, Stove/Cooktop, Oven
- Standard status
- Pending
- 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
Listing Agency
Keller Williams Realty Signature
(815) 315-1111
4201 Galleria Dr., Loves Park, IL
Listed by
Amela Ahmetovic · License #475193492
(815) 985-5761
Added: Jun 4 Updated: Jul 9 at 2:50 am Checked: Jul 21 at 1:06 am
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.
Investment Insights
Based on property information with market context.
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.
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.
Key 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
Local Financial Insights For Apartment 5plus
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 | $40.5k | $10.80 |
| − Vacancy | −$1.6k | −$0.43 |
| EGI | $38.9k | $10.37 |
| − OpEx | −$17.5k | −$4.67 |
| NOI | $21.4k | $5.70 |
3,750 SF · lease $10.80/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$350.6K
$306.8K – $409.1K
NOI $24,545 @ 7.0% cap · market cap 10.36%
Second Best
Apartment 5plus
$305.5K
$267.3K – $356.4K
NOI $21,384 @ 7.0% cap · market cap 9.02%
Theoretical Best
Office A
$997.5K
$872.8K – $1.16M
NOI $69,822 @ 7.0% cap · market cap 29.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
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
