Brick Duplex with
504 FAIRVIEW Boulevard, Rockford, IL 61107
For Sale
New
$350,000
MULTIFAMILY, ROCKFORD, IL
Property Size4,116 SF
Price / SF$85.03
Days on Market2
Property Features for 504 FAIRVIEW Boulevard
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Appliances
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Roof type
Buildings
Listing Agency:
eXp Realty
(888) 574-9405
Listed By:
Mirna Guzman · License #475194001
(815) 209-3024
Added: Nov 8
Last Checked: Nov 9 at 5:06AM
MLS# 202607078
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 4,116-square-foot brick duplex, built in 1957, contains two residences. Each unit has two bedrooms and one bathroom. Interior updates include flooring, kitchens, and bathrooms. A basement and a garage are also part of the property, with additional parking available. Refrigerator and stove/cooktop appliances are included. Heating is forced air, cooling is central air, and the roof is shingle.
Key Highlights
- Two‑unit brick duplex with 4,116 square feet
- Each unit has 2 bedrooms and 1 bathroom
- Updated flooring, kitchens, and bathrooms in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,941
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,820
$538.8K
Cap Rate 7%
$384,871
$384.9K
Cap Rate 9%
$299,344
$299.3K
Market Conditions
NOI Build-Up for 4,116 SF
Gross rent
$40.0K $9.72/SF
− Vacancy
−$1.5K −$0.37/SF
EGI
$38.5K $9.35/SF
− OpEx
−$11.5K −$2.81/SF
NOI
$26.9K $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%
$538,820
Cap Rate 7%
$384,871
Cap Rate 9%
$299,344
Alternative Uses
Best Use
Multifamily LT 5
$384.9K
$336.8K – $449.0K
NOI $26,941 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$335.3K
$293.4K – $391.2K
NOI $23,471 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$1.09M
$958.0K – $1.28M
NOI $76,637 @ 7.0% cap · market cap 21.90%
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
440
Businesses Nearby
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Business Placement
Demographics for 61107, IL
30,722
Population
13,711
Households
2.2
Avg Household Size
42
Median Age
37%
College-Educated
93%
High-School Grad
14.9 sq mi
ZIP Area
2,062
Density / Sq Mi
$75,492
Median Household Income
$42,494
Median Earnings
$1,053
Median Rent
$165,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Rockford, IL
Properties on Market for Duplexes in Rockford
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence contains two bedrooms and one bathroom, with updated kitchens and baths.
Where is this duplex located?
The property is located at 504 FAIRVIEW Boulevard Rockford, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit brick duplex with 4,116 square feet; Each unit has 2 bedrooms and 1 bathroom; Updated flooring, kitchens, and bathrooms in both residences
