Ranch Duplex Investment
For Sale
$220,000
Pending
4610 Yale Drive, Rockford, IL 61109
MULTIFAMILY, ROCKFORD, IL
Property Size1,740 SF
Days on Market64
Property Features for 4610 Yale Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Basement
Parking
4
Appliances
Refrigerator, Stove/Cooktop
Elementary school
Swan Hillman Elementary
Middle school
Bernard W Flinn Middle
High school
Jefferson High
Elementary school district
Rockford 205
Middle school district
Rockford 205
High school district
Rockford 205
Subdivision
Winnebago County
Standard status
Pending
APN
1605178001
Size
1,740 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Per title review
Tax Annual Amount
4421
Legal Description
Per title review
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
1974
Floors in Building
1
Number of units
2
Roof type
Shingle
Listing Agency:
Keller Williams Realty Signature
(815) 315-1111
Listed By:
Ken Redeker · License #471012969
(815) 520-3995
Added: Jun 19
Changed: Aug 19
Last Checked: Aug 21 at 12:06AM
MLS# 202603651
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 ranch-style duplex offers two similar units, each configured with 2 bedrooms and 1 bathroom. Each unit includes its own separate basement area. Utilities are separate and are covered by the tenants, supporting straightforward operating management.
The property is located at 4610 Yale Drive in Rockford, Illinois (61109). It is presented as a residential income property for buyers seeking a duplex structure with independent utility responsibilities.
For tenants or owners looking for a simple two-unit setup, the layout provides matching unit types while maintaining separation through individual basement areas. The fact that utilities are tenant-covered can help reduce owner involvement in day-to-day utility coordination. As a for-sale duplex, it may suit buyers who want a modest, organized residential income format with parallel unit design.
The property is located at 4610 Yale Drive in Rockford, Illinois (61109). It is presented as a residential income property for buyers seeking a duplex structure with independent utility responsibilities.
For tenants or owners looking for a simple two-unit setup, the layout provides matching unit types while maintaining separation through individual basement areas. The fact that utilities are tenant-covered can help reduce owner involvement in day-to-day utility coordination. As a for-sale duplex, it may suit buyers who want a modest, organized residential income format with parallel unit design.
Key Highlights
- Ranch‑style duplex built in 1974
- Each side has a 2‑bedroom, 1‑bath layout
- Separate basement areas for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,389
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$227,780
$227.8K
Cap Rate 7%
$162,700
$162.7K
Cap Rate 9%
$126,544
$126.5K
Market Conditions
NOI Build-Up for 1,740 SF
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.
Gross rent
$16.9K $9.72/SF
− Vacancy
−$643 −$0.37/SF
EGI
$16.3K $9.35/SF
− OpEx
−$4.9K −$2.81/SF
NOI
$11.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$227,780
Cap Rate 7%
$162,700
Cap Rate 9%
$126,544
Alternative Uses
Best Use
Multifamily LT 5
$162.7K
$142.4K – $189.8K
NOI $11,389 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$141.7K
$124.0K – $165.4K
NOI $9,922 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$462.8K
$405.0K – $540.0K
NOI $32,397 @ 7.0% cap · market cap 14.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Explore this area
Business Placement
Demographics for 61109, IL
26,958
Population
11,829
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
38.5 sq mi
ZIP Area
700
Density / Sq Mi
$61,702
Median Household Income
$38,375
Median Earnings
$916
Median Rent
$124,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Ranch-style duplex with two similar 2-bedroom, 1-bath units and separate basements.
Where is this duplex located?
The property is located at 4610 Yale Drive Rockford, IL.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Ranch‑style duplex built in 1974; Each side has a 2‑bedroom, 1‑bath layout; Separate basement areas for each unit
