Well-Maintained Four-Unit
3108 Prial Avenue, Rockford, IL 61101
Fully rented four-unit property with full basements and ample parking.
Type:Multi Family / 3 - 4 Units
Property size:
4,640 SFPrice / SF:
$77/SF- Added:
- Jan 6, 2026
- Days on Market:
- 145
- Last Refresh:
- Mar 13 at 4:50 pm
Property Features for 3108 Prial Avenue
General Information
- Standard status
- Active
- Size
- 4,640 SF
- Property subtype
- Multi Family / 3 - 4 Units
Building Details
- Year Built
- 1967
Listing agent Yolanda Rodriguez License #475200130 (815) 836-9703
Listing office Investors Helping Investors (815) 836-9703
Listing date Jan 6, 2026
Source Compass
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 Investors Helping Investors
HighLights
- Package deal: Includes 4 units at this property, plus 6 additional units at other locations, for a total of 10 units.
- Fully rented property with positive return on investment (estimated 14% GROI, 8% NROI).
- Townhouse‑style units with full basements.
- Tenants pay their own utilities due to separate meters.
- Well‑maintained and managed property.
- Each unit includes refrigerator and stove/cooktop; washer/dryer hookups available.
Overview
This is a well-maintained and managed property featuring four town house style units. The property is fully rented and offers comfort, full basements, and plenty of parking. Each unit has separate meters, and tenants are responsible for their own utilities. The property is being offered as a package deal for $760,000, which includes this property, a four-unit property at 2508 Gleenwood, and a two-unit property at 1212 Blaisdell, for a total of ten units. The estimated return on investment for the package is 14% GROI and 8% NROI. The property size is 4640 square feet.
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 | $45.1k | $9.72 |
| − Vacancy | −$1.7k | −$0.37 |
| EGI | $43.4k | $9.35 |
| − OpEx | −$13.0k | −$2.81 |
| NOI | $30.4k | $6.55 |
4,640 SF · lease $9.72/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$433.9K
$379.6K – $506.2K
NOI $30,371 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$378.0K
$330.7K – $441.0K
NOI $26,459 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,393 @ 7.0% cap · market cap 24.00%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Longitude
- -89.0995475
- Latitude
- 42.3041401
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fully rented four-unit property with full basements and ample parking.
Where is this quadplex located?
The property is located at 3108 Prial Avenue Rockford, IL.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Package deal: Includes 4 units at this property, plus 6 additional units at other locations, for a total of 10 units.; Fully rented property with positive return on investment (estimated 14% GROI, 8% NROI).; Townhouse‑style units with full basements.
