Turnkey Furnished Rental Portfolio

718 Seminary Street, Rockford, IL 61104

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Pending

$320,000

MULTI_FAMILY - ROCKFORD, IL

Property size:

2,450 SF

HighLights

6‑unit furnished rental property with all units fully occupied as mid‑term rentals for travel professionals and extended‑stay tenants
Approximately $115,200 effective gross income with estimated Net Operating Income of $100,680
Fully furnished, plug‑and‑play setup for immediate rental use
Year built 1927 with shingle roof
Heating: natural gas forced air
Unit appliances listed: washer, dryer, refrigerator, stove/cooktop, oven, and microwave

We can help!

Listing Contact

Jay Dowthard

Pending

$320,000

MULTI_FAMILY - ROCKFORD, IL

Property size:

2,450 SF

Added:: Apr 6, 2026
Days on Market:: 71
Last Refresh:: Jun 15 at 11:06 am

Property Features for 718 Seminary Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 4
Bathrooms: 2
Rooms: Bathroom 2, Basement, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 2
Parking: 3
Appliances: Dryer, Microwave, Refrigerator, Stove/Cooktop, Oven, Washer
Standard status: Pending
APN: 1126178007
Size: 2,450 SF

Taxes and HOA fees

Tax Year: 2024
Tax Description: ELEC OPPENHEIMS SUBD BEING PT OF LOT 2 PLAT OF SPT NW1/4 SEC 26-44-1 LOT 002
Tax Annual Amount: 2049

Utilities

Heating system: Natural Gas, Forced Air

Building Details

Year built: 1927
Floors in Building: 2
Number of units: 2
Roof type: Shingle

We can help!

Listing Contact

Jay Dowthard

Listing agent Jay Dowthard License #475127621

Listing office Gambino Realtors 3815 N Mulford, Rockford, IL

Listing date Apr 6, 2026

MLS# 202601864 Listing URL

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.

HighLights

6‑unit furnished rental property with all units fully occupied as mid‑term rentals for travel professionals and extended‑stay tenants
Approximately $115,200 effective gross income with estimated Net Operating Income of $100,680
Fully furnished, plug‑and‑play setup for immediate rental use
Year built 1927 with shingle roof
Heating: natural gas forced air
Unit appliances listed: washer, dryer, refrigerator, stove/cooktop, oven, and microwave

Overview

This is a fully stabilized 6-unit furnished rental property with consistent occupancy and strong income performance. It operates as a successful mid-term rental portfolio catering to travel professionals and extended-stay tenants. The property generates approximately $115,200 in effective gross income and an estimated Net Operating Income of $100,680. All units are fully furnished, consistently occupied, and supported by excellent tenant reviews. The property is well-maintained and professionally managed, offering a true turnkey investment with immediate cash flow. The property has a size of 2450 Square Feet and is located in ROCKFORD, IL 61104. The property can be purchased individually or together as part of a package with 712 Seminary Street and 722 Seminary Street.

Property Profile Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Location Insight

Map
Local Demand

City: Rockford
County: Winnebago
State: Illinois
Longitude: -89.090143
Latitude: 42.26027

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For sale
Multifamily properties
IL
Rockford
61104
718 Seminary Street

What type of property is this?

Multifamily property - Fully occupied 6-unit rental property with proven income.

Where is this multifamily property located?

The property is located at 718 Seminary Street Rockford, IL.

What is the asking price?

The asking price for this property is $320,000.

What are key features of this property?

This property features: 6‑unit furnished rental property with all units fully occupied as mid‑term rentals for travel professionals and extended‑stay tenants; Approximately $115,200 effective gross income with estimated Net Operating Income of $100,680; Fully furnished, plug‑and‑play setup for immediate rental use

718 Seminary Street, Rockford, IL 61104

MULTI_FAMILY - ROCKFORD, IL

Property Features for 718 Seminary Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

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Rockford Commercial Corner Opportunity

Rockford Commercial Corner Opportunity

Versatile Commercial Property with Recent Upgrades

Rockford Commercial Property For Sale

Turn-Key Duplex with Two 3-Bed Units

Multi-Tenant Office Building Investment

Two-Unit Residential Income Property

Move-In Ready Duplex

Rockford Duplex in Churchill Grove

Equestrian Dream Property in Rockford

Fully Rented Multifamily Property

Mixed-Use Property in Rockford, IL

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