Two-Unit Brick
For Sale
$240,000
Pending
3926 Elva Lane, Rockford, IL 61101
MULTIFAMILY, ROCKFORD, IL
Property Size2,609 SF
Days on Market29
Property Features for 3926 Elva Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1
Parking
4
Appliances
Dryer, Microwave, Refrigerator, Stove/Cooktop, 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
Pending
APN
1103403037
Size
2,609 SF
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Year
2025
Tax Description
GLENNY VIEW SUB NO 9 SE1/4 SEC 3-44-1 32-183 LT LOT 058
Tax Annual Amount
3601
Legal Description
GLENNY VIEW SUB NO 9 SE1/4 SEC 3-44-1 32-183 LT LOT 058
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
fireplace
deck
first floor laundry
partially finished lower level
fenced yard
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Roof type
Shingle
Buildings
1
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Christine Smith
(815) 978-6519
Added: Oct 1
Changed: Oct 27
Last Checked: Oct 29 at 10:06AM
MLS# 202606228
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 2,609-square-foot brick duplex, built in 1973, contains two vacant residences. Each unit has two bedrooms, one bathroom, a fireplace, kitchen and dining space, and a living room. Sliding doors open to deck space, and the property includes an attached two-car garage. One residence has been updated and includes first-floor laundry and a partially finished lower level.
Separate utilities, a newer roof and windows, and a large fenced yard round out the property. Located in northwest Rockford, the duplex offers two distinct living spaces within one building.
Separate utilities, a newer roof and windows, and a large fenced yard round out the property. Located in northwest Rockford, the duplex offers two distinct living spaces within one building.
Key Highlights
- Two‑unit brick duplex with 2,609 square feet
- Each residence has 2 bedrooms, 1 bathroom, and a fireplace
- Both units are vacant and have separate utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,077
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,540
$341.5K
Cap Rate 7%
$243,957
$244.0K
Cap Rate 9%
$189,744
$189.7K
Market Conditions
NOI Build-Up for 2,609 SF
Gross rent
$25.4K $9.72/SF
− Vacancy
−$964 −$0.37/SF
EGI
$24.4K $9.35/SF
− OpEx
−$7.3K −$2.81/SF
NOI
$17.1K $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%
$341,540
Cap Rate 7%
$243,957
Cap Rate 9%
$189,744
Alternative Uses
Best Use
Multifamily LT 5
$244.0K
$213.5K – $284.6K
NOI $17,077 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$212.5K
$186.0K – $248.0K
NOI $14,878 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$694.0K
$607.2K – $809.6K
NOI $48,577 @ 7.0% cap · market cap 20.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
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Business Placement
Demographics for 61101, IL
19,784
Population
9,005
Households
2.2
Avg Household Size
37
Median Age
15%
College-Educated
80%
High-School Grad
41.5 sq mi
ZIP Area
477
Density / Sq Mi
$45,260
Median Household Income
$30,061
Median Earnings
$975
Median Rent
$89,800
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 - Both residences are vacant, with separate utilities and a fenced outdoor area.
Where is this duplex located?
The property is located at 3926 Elva Lane Rockford, IL.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two‑unit brick duplex with 2,609 square feet; Each residence has 2 bedrooms, 1 bathroom, and a fireplace; Both units are vacant and have separate utilities
