Two-Unit Duplex with Finished
New
For Sale
$295,500
5426 MIDVALE Drive, Rockford, IL 61108
MULTIFAMILY, ROCKFORD, IL
Property Size2,661 SF
Price / SF$111.05
Days on Market4
Property Features for 5426 MIDVALE Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Basement, Bedroom 4, Bedroom 3
Parking
6
Appliances
Oven
Elementary school
Gregory Elementary
Middle school
Eisenhower Middle
High school
Guilford High
Elementary school district
Rockford 205
Middle school district
Rockford 205
High school district
Rockford 205
Subdivision
Winnebago County
Standard status
Active
APN
1228128011
Size
2,661 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
PER TITLE
Tax Annual Amount
4515
Legal Description
PER TITLE
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1989
Floors in Building
1
Number of units
2
Roof type
Shingle
Listing Agency:
DICKERSON & NIEMAN
(815) 227-5900
Listed By:
Sarah Vinnitsky
(815) 494-2480
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 26 at 5:06AM
MLS# 202606770
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 2,661-square-foot duplex contains two residences with matching floor plans. Each unit has two bedrooms, one bathroom, and a finished walk-out basement that can serve as additional living space or a third bedroom. Private lower levels include laundry hookups. The property was built in 1989 and has forced-air natural gas heating, central air conditioning, and shingle roofing.
A fenced backyard with mature trees extends the outdoor space. Each unit has three designated off-street parking spaces. The property is in Rockford, with Rockford University, St. Anthony Hospital, shopping, and restaurants a short drive away. I-90 access is also nearby.
A fenced backyard with mature trees extends the outdoor space. Each unit has three designated off-street parking spaces. The property is in Rockford, with Rockford University, St. Anthony Hospital, shopping, and restaurants a short drive away. I-90 access is also nearby.
Key Highlights
- Two units with matching floor plans
- Each residence has 2 bedrooms and 1 bathroom, plus a finished walk‑out basement
- Three designated off‑street parking spaces per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,417
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,340
$348.3K
Cap Rate 7%
$248,814
$248.8K
Cap Rate 9%
$193,522
$193.5K
Market Conditions
NOI Build-Up for 2,661 SF
Gross rent
$25.9K $9.72/SF
− Vacancy
−$983 −$0.37/SF
EGI
$24.9K $9.35/SF
− OpEx
−$7.5K −$2.81/SF
NOI
$17.4K $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 Rate 5%
$348,340
Cap Rate 7%
$248,814
Cap Rate 9%
$193,522
Alternative Uses
Best Use
Multifamily LT 5
$248.8K
$217.7K – $290.3K
NOI $17,417 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$216.8K
$189.7K – $252.9K
NOI $15,174 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$707.8K
$619.3K – $825.8K
NOI $49,546 @ 7.0% cap · market cap 16.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,388
Businesses Nearby
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Business Placement
Demographics for 61108, IL
29,660
Population
12,650
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
87%
High-School Grad
10.9 sq mi
ZIP Area
2,721
Density / Sq Mi
$63,046
Median Household Income
$34,856
Median Earnings
$986
Median Rent
$128,300
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 offer matching layouts, private laundry hookups, and designated off-street parking.
Where is this duplex located?
The property is located at 5426 MIDVALE Drive Rockford, IL.
What is the asking price?
The asking price for this property is $295,500.
What are key features of this property?
This property features: Two units with matching floor plans; Each residence has 2 bedrooms and 1 bathroom, plus a finished walk‑out basement; Three designated off‑street parking spaces per unit
