8-Unit Apartment
New
For Sale
$425,000
616 Market Street, Rockford, IL 61107
Commercial Sale, Rockford, IL
Property SizeContact for details
Lot Size0.10 Acres
Days on Market7
Property Features for 616 Market Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
COMMR
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 1, Bedroom 1, Bathroom 8, Bathroom 6, Bathroom 4, Bedroom 4, Bedroom 6, Bathroom 3, Bathroom 7, Bedroom 3, Bedroom 2, Bedroom 8, Bathroom 5, Bedroom 7, Basement, Bathroom 2, Bedroom 5
Basement
Unfinished
Directions
From downtown Rockford, travel east toward Market St. and continue to 616-618 Market St. Property is located along Market St.
Subdivision
Rockford
Standard status
Active
APN
1123458013
Lot size
0.10 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6314
Utilities
Cooling system
Window Unit(s)
Building Details
Year built
1900
Floors in Building
2
Number of units
8
Listing Agency:
The Agency X · RE/MAX International
(630) 473-7720
Listed By:
Ashley Patino
(630) 333-1500
Added: Oct 20
Changed: Oct 26
Last Checked: Oct 26 at 7:06AM
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
Who owns this building?
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Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,964
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
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
