8-Unit Apartment
616 Market Street, Rockford, IL 61107
For Sale
$425,000
Commercial Sale, Rockford, IL
Property SizeContact for details
Lot Size0.10 Acres
Days on Market24
Property Features for 616 Market Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Basement
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Cooling system
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
The Agency X · RE/MAX International
(630) 473-7720
Listed By:
Ashley Patino
(630) 333-1500
Added: Oct 20
Changed: Oct 28
Last Checked: Nov 12 at 7:06PM
MLS# 12789523
Copyright © 2026 Midwest Real Estate Data, LLC. 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 8-unit apartment property in Rockford has a brick exterior and a one-bedroom, one-bathroom layout in each residence. The building dates to 1900, sits on 0.1 acres, and has window-unit cooling. It is fully occupied and carries COMMR zoning.
The property is approximately three minutes from downtown Rockford. Reported operating figures include a 9.82% cap rate.
The property is approximately three minutes from downtown Rockford. Reported operating figures include a 9.82% cap rate.
Key Highlights
- Eight 1‑bedroom, 1‑bathroom apartments
- Fully occupied
- Reported 9.82% cap rate
Property Analytics
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Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,964
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 Apartment buildings in Winnebago County, IL
Properties on Market for Apartment buildings in Winnebago County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - All residences have one bedroom and one bathroom, and the property is fully occupied.
Where is this apartment building located?
The property is located at 616 Market Street Rockford, IL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Eight 1‑bedroom, 1‑bathroom apartments; Fully occupied; Reported 9.82% cap rate
