Fully Updated 3-Unit Investment
712 North Court Street Rockford, IL 61103
712 North Court Street, Rockford, IL, 61103
$300,000
For Sale
$300,000
Turnkey 3-unit multifamily building with extensive updates including HVAC, central air, kitchens, and bathrooms.
Property Size2,980 SF
Price / SF$100.67
Days on Market42
Property Features for 712 North Court Street
General Information
- Standard status
- Active
- Size
- 2,980 SF
- Property subtype
- Two to Four Units / 3 - 4 Units
Building Details
- Year Built
- 1900
Listing agency
Keller Williams Realty Signature
(815) 290-0333
Listed by
Fidel Batres · License #475133262
(815) 290-0333
Source
Compass
Added: Jun 11 Updated: Jul 21 at 3:50AM Checked: Jul 21 at 3:50AM
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 Keller Williams Realty Signature
Investment Insights
Based on property information with market context.
This fully updated three-unit investment property has been extensively renovated, with improvements reported throughout the building. Updates include electrical, plumbing, siding, roof, gutters, fascia, flooring, bathrooms, and kitchens, along with HVAC systems and central air.
The property is located in Rockford and is described as directly across from the Discovery Center Museum and just minutes from downtown Rockford, dining, entertainment, and the Rock River.
Offered for sale as a turnkey, renovated three-unit multifamily asset, the building is positioned for straightforward ownership with major capital items already completed.
The property is located in Rockford and is described as directly across from the Discovery Center Museum and just minutes from downtown Rockford, dining, entertainment, and the Rock River.
Offered for sale as a turnkey, renovated three-unit multifamily asset, the building is positioned for straightforward ownership with major capital items already completed.
Key Highlights
- 3‑unit multifamily building with extensive updates throughout, including kitchens and bathrooms
- Central air and forced‑air heating, with HVAC systems updated
- Updates include electrical and plumbing, plus a gas water heater
Local 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 6.50%
Second Best
Apartment 5plus
$242.8K
$212.4K – $283.2K
NOI $16,993 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$792.6K
$693.6K – $924.8K
NOI $55,485 @ 7.0% cap · market cap 18.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Turnkey 3-unit multifamily building with extensive updates including HVAC, central air, kitchens, and bathrooms.
Where is this triplex located?
The property is located at 712 North Court Street Rockford, IL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 3‑unit multifamily building with extensive updates throughout, including kitchens and bathrooms; Central air and forced‑air heating, with HVAC systems updated; Updates include electrical and plumbing, plus a gas water heater
