Two-Unit Multifamily
710 Kishwaukee Street Rockford, IL 61104
710 Kishwaukee Street, Rockford, IL, 61104
$169,900
For Sale
$169,900
Spacious two-unit multifamily property with multiple bedroom configurations and recent major updates.
Property Size2,684 SF
Price / SF$63.30
Days on Market38
Property Features for 710 Kishwaukee Street
General Information
- Standard status
- Active
- Size
- 2,684 SF
- Property subtype
- Two to Four Units / Converted Residence
Building Details
- Year Built
- 1900
Listing agency
Re/Max of Rock Valley
(815) 732-9100
Listed by
Erin Spence · License #475185053
(815) 732-9100
Source
Compass
Added: Jun 15 Updated: Jul 21 at 5:51AM Checked: Jul 22 at 6:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Re/Max of Rock Valley
Investment Insights
Based on property information with market context.
This property is currently configured as a two-unit multifamily residence. The home offers 6 bedrooms and 2 bathrooms, with spacious room sizes and soaring ceilings creating an open interior feel. Updates include a new roof (2025), new furnace (2025), a new front porch (2025), and an updated kitchen with new cabinets and flooring (2025). Both bathrooms were renovated in 2021, and many windows have been replaced.
The property is located near schools, parks, and shopping, providing convenient access to everyday amenities.
With its current duplex-style setup and the option to convert back to a single-family layout, the home supports flexible living arrangements while retaining its established multifamily configuration.
The property is located near schools, parks, and shopping, providing convenient access to everyday amenities.
With its current duplex-style setup and the option to convert back to a single-family layout, the home supports flexible living arrangements while retaining its established multifamily configuration.
Key Highlights
- Currently configured as a two‑unit multifamily home with 6 bedrooms and 2 baths
- Major updates include a new roof (2025), new furnace (2025), and a new front porch (2025)
- Kitchen updated with new cabinets and flooring (2025)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.0k | $10.80 |
| − Vacancy | −$1.2k | −$0.43 |
| EGI | $27.8k | $10.37 |
| − OpEx | −$12.5k | −$4.67 |
| NOI | $15.3k | $5.70 |
2,684 SF · lease $10.80/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$251.0K
$219.6K – $292.8K
NOI $17,568 @ 7.0% cap · market cap 10.34%
Second Best
Apartment 5plus
$218.6K
$191.3K – $255.1K
NOI $15,305 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$713.9K
$624.7K – $832.9K
NOI $49,974 @ 7.0% cap · market cap 29.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Spacious two-unit multifamily property with multiple bedroom configurations and recent major updates.
Where is this duplex located?
The property is located at 710 Kishwaukee Street Rockford, IL.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Currently configured as a two‑unit multifamily home with 6 bedrooms and 2 baths; Major updates include a new roof (2025), new furnace (2025), and a new front porch (2025); Kitchen updated with new cabinets and flooring (2025)
