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Turnkey Furnished Rental Portfolio

722 Seminary Street, Rockford, IL 61104

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Pending

$320,000

MULTI_FAMILY - ROCKFORD, IL

Property size:

2,380 SF

We can help!

Contact an agent

Jay Dowthard

Real Estate License ID: 475127621

HighLights

6‑unit furnished rental property operating as a mid‑term rental portfolio for travel professionals and extended‑stay tenants
Fully occupied with an estimated ~$115,200 in effective gross income and estimated $100,680 Net Operating Income
All units are furnished and supported by excellent tenant reviews, indicating consistent occupancy
Heating includes natural gas forced‑air; roof is shingle
Appliances included across units: dryer, microwave, refrigerator, and stove/cooktop
Can be purchased individually or as part of a package with 712 Seminary Street and 718 Seminary Street

Pending

$320,000

MULTI_FAMILY - ROCKFORD, IL

Property size:

2,380 SF

Added:: Apr 6, 2026
Days on Market:: 92
Last Refresh:: Jul 6 at 5:06 pm

Property Features for 722 Seminary Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 4
Bathrooms: 2
Rooms: Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2, Basement, Bedroom 1, Bathroom 1
Parking: 2
Appliances: Dryer, Microwave, Refrigerator, Stove/Cooktop
Standard status: Pending
APN: 1126178025
Size: 2,380 SF

Taxes and HOA fees

Tax Year: 2024
Tax Description: Too Long to List - See Title
Tax Annual Amount: 2138

Utilities

Heating system: Natural Gas, Forced Air

Building Details

Year built: 1926
Floors in Building: 2
Number of units: 2
Roof type: Shingle

We can help!

Contact an agent

Jay Dowthard

Listing agent Jay Dowthard License #475127621

Listing office Gambino Realtors 3815 N Mulford, Rockford, IL

Listing date Apr 6, 2026

MLS# 202601865 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 operating as a mid‑term rental portfolio for travel professionals and extended‑stay tenants
Fully occupied with an estimated ~$115,200 in effective gross income and estimated $100,680 Net Operating Income
All units are furnished and supported by excellent tenant reviews, indicating consistent occupancy
Heating includes natural gas forced‑air; roof is shingle
Appliances included across units: dryer, microwave, refrigerator, and stove/cooktop
Can be purchased individually or as part of a package with 712 Seminary Street and 718 Seminary Street

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 immediate cash flow. The property, located in Rockford, IL 61104, has a property size of 2380 Square Feet. It can be purchased individually or together as part of a package with 712 Seminary Street and 718 Seminary Street. The property is intended for use as multifamily properties, residential income properties, and short term rental properties.

Property Profile Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Location Insight

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Local Demand

City: Rockford
County: Winnebago
State: Illinois
Longitude: -89.090153
Latitude: 42.260159

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For sale
Multifamily properties
IL
Rockford
61104
722 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 722 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 operating as a mid‑term rental portfolio for travel professionals and extended‑stay tenants; Fully occupied with an estimated ~$115,200 in effective gross income and estimated $100,680 Net Operating Income; All units are furnished and supported by excellent tenant reviews, indicating consistent occupancy

722 Seminary Street, Rockford, IL 61104

MULTI_FAMILY - ROCKFORD, IL

Property Features for 722 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

Nearby Similar for Sale

Rockford Commercial Corner Opportunity

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Well-Maintained Four-Unit Apartment Building

Versatile Commercial Property with Recent Upgrades

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Rockford Commercial Property For Sale

Turn-Key Duplex with Two 3-Bed Units

Multi-Tenant Office Building Investment

Two-Unit Residential Income Property

Rockford Duplex in Churchill Grove

Equestrian Dream Property in Rockford

Fully Rented Multifamily Property

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