Creek Bend Condo with
For Sale
$150,000
7517 Creek Bend #7517, Rockford, IL 61114
Second-story condo with garage, two bedrooms, and two baths.
Property Size1,240 SF
Days on Market436
Property Features for 7517 Creek Bend #7517
General Information
Standard status
Active
Size
1,240 SF
Property subtype
Condominium
Amenities
Forced Air
Central Air
Building Details
Building Size
1,240 SF
Year Built
1999
Listing Agency:
Keller Williams Realty Signature
Listed By:
Brittney Rossato · License #475193315
(815) 975-1127
Source:
Kw
Added: Aug 8, 2025
Changed: Oct 13
Last Checked: Oct 16 at 8:15AM
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
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Investment Insights
Based on property information with market context.
This second-story condo, located in the Creek Bend West Condo Association, offers low-maintenance living. The property features two bedrooms and two full baths. The kitchen includes stainless steel appliances. A one-stall garage is included. The water softener and water heater have been replaced within the last two years. The back deck provides a view. The monthly HOA fees are $240, covering snow removal, landscaping, water, and garbage services. The property is conveniently located near shopping, food, and entertainment options.
Key Highlights
- Low‑maintenance living with HOA covering snow removal, landscaping, water, and garbage.
- Two generous sized bedrooms and two full baths.
- Includes a 1 stall garage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,071
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$141,420
$141.4K
Cap Rate 7%
$101,014
$101.0K
Cap Rate 9%
$78,567
$78.6K
Market Conditions
NOI Build-Up for 1,240 SF
Gross rent
$13.4K $10.80/SF
− Vacancy
−$536 −$0.43/SF
EGI
$12.9K $10.37/SF
− OpEx
−$5.8K −$4.67/SF
NOI
$7.1K $5.70/SF
Area
Rockford, IL
Vacancy
4.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$141,420
Cap Rate 7%
$101,014
Cap Rate 9%
$78,567
Alternative Uses
Best Use
Apartment 5plus
$101.0K
$88.4K – $117.9K
NOI $7,071 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.8K
$288.6K – $384.8K
NOI $23,088 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Explore this area
Business Placement
Demographics for 61114, IL
15,569
Population
6,599
Households
2.4
Avg Household Size
49
Median Age
47%
College-Educated
95%
High-School Grad
8.1 sq mi
ZIP Area
1,922
Density / Sq Mi
$83,472
Median Household Income
$47,406
Median Earnings
$1,284
Median Rent
$196,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Second-story condo with garage, two bedrooms, and two baths.
Where is this apartment building located?
The property is located at 7517 Creek Bend #7517 Rockford, IL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Low‑maintenance living with HOA covering snow removal, landscaping, water, and garbage.; Two generous sized bedrooms and two full baths.; Includes a 1 stall garage.
