Renovated
New
For Sale
$289,900
712 N Court Street, Rockford, IL 61103
MULTI_FAMILY - ROCKFORD, IL
Property Size2,980 SF
Price / SF$97.28
Days on Market4
Property Features for 712 N Court Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 4
Appliances
Water Softener
Elementary school
Ellis Arts Academy
Middle school
West Middle
High school
Auburn High
Elementary school district
Rockford 205
Middle school district
Rockford 205
High school district
Rockford 205
Subdivision
Winnebago County
Standard status
Active
APN
1123107028
Size
2,980 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
ASSESSORS PLAT BLK 71 PT OF GEORGE HASKELLS 2ND ADDN N 42.61 FT E 256 FT LOT 11 BLOCK 71
Tax Annual Amount
3151
Legal Description
ASSESSORS PLAT BLK 71 PT OF GEORGE HASKELLS 2ND ADDN N 42.61 FT E 256 FT LOT 11 BLOCK 71
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Roof type
Shingle
Listing Agency:
Keller Williams Realty Signature
(815) 315-1111
Listed By:
Fidel Batres · License #475133262
(815) 290-0333
Added: Aug 3
Changed: Aug 5
Last Checked: Aug 6 at 1:06AM
MLS# 202604840
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.
Investment Insights
Based on property information with market context.
This three-unit residential property contains 2,980 square feet and has undergone extensive renovations, including updated electrical, ductwork, plumbing, siding, roof, gutters, fascia, HVAC systems, central air, flooring, kitchens, and bathrooms. The building dates to 1900 and includes forced-air heating, central cooling, a shingle roof, and a water softener.
The property is located at 712 N Court Street in Rockford, directly across from the Discovery Center Museum. Downtown Rockford, dining, entertainment, and the Rock River are described as minutes away. The three-unit configuration supports multifamily ownership, including the option to occupy one unit while renting the others, as stated in the property information.
The property is located at 712 N Court Street in Rockford, directly across from the Discovery Center Museum. Downtown Rockford, dining, entertainment, and the Rock River are described as minutes away. The three-unit configuration supports multifamily ownership, including the option to occupy one unit while renting the others, as stated in the property information.
Key Highlights
- Three‑unit property with 2,980 square feet
- Extensive updates to electrical, plumbing, ductwork, HVAC, and central air
- Renovated kitchens, bathrooms, flooring, siding, roof, gutters, and fascia
Financial Insights For Multifamily LT 5
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 | $9.72 |
| − Vacancy | −$1.1k | −$0.37 |
| EGI | $27.9k | $9.35 |
| − OpEx | −$8.4k | −$2.81 |
| NOI | $19.5k | $6.55 |
2,980 SF · lease $9.72/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$278.6K
$243.8K – $325.1K
NOI $19,505 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$242.8K
$212.4K – $283.2K
NOI $16,993 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$792.6K
$693.6K – $924.8K
NOI $55,485 @ 7.0% cap · market cap 19.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,175
Businesses Nearby
Explore this area
Business Placement
Demographics for 61103, IL
23,294
Population
11,271
Households
2.1
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
16.3 sq mi
ZIP Area
1,429
Density / Sq Mi
$47,390
Median Household Income
$34,935
Median Earnings
$952
Median Rent
$114,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with updated building systems, kitchens, bathrooms, flooring, siding, roofing, and HVAC equipment.
Where is this triplex located?
The property is located at 712 N Court Street Rockford, IL.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Three‑unit property with 2,980 square feet; Extensive updates to electrical, plumbing, ductwork, HVAC, and central air; Renovated kitchens, bathrooms, flooring, siding, roof, gutters, and fascia
