820 Cottage Grove Avenue, Rockford, IL 61103
- Added:
- Oct 23, 2025
- Days on Market:
- 248
- Last Refresh:
- Jun 27 at 5:06 pm
Property Features for 820 Cottage Grove Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 8, Bedroom 3, Bathroom 1, Bedroom 6, Basement, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 7, Bedroom 5, Bathroom 2, Bedroom 4
- Parking
- 4
- Appliances
- Refrigerator, Stove/Cooktop
- Standard status
- Active
- APN
- 1113152001
- Size
- 3,690 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- HARLEM PARK SUBD PT N1/2 SEC 13-44-1 W1/2 LTS 15-16 17 + 018 BLOCK 022
- Tax Annual Amount
- 5481
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1956
- Floors in Building
- 1
- Number of units
- 4
- Roof type
- Shingle
Listing agent Aimee Leon License #475201058 (815) 516-7879
Listing office Gambino Realtors 3815 N Mulford, Rockford, IL (815) 282-2222
Listing date Oct 23, 2025
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
- Four‑unit property; each apartment has 2 bedrooms, 1 full bath, a living room, and an eat‑in kitchen.
- Stove/cooktop and refrigerator included in the units.
- Two units include in‑unit laundry hookups.
- Tenants pay separate utilities; units have central air conditioning.
- Detached four‑car garage plus a full basement for additional usable space.
- Three units are currently leased; property sold AS IS.
Overview
The property includes a detached four-car garage, which can support tenant parking and supplemental storage. The seller is offering the property as-is.
The unit mix and in-unit laundry hookups in select apartments make this building a practical fit for buyers seeking a multi-unit rental property with self-contained living spaces and tenant-paid utilities. With three units currently leased, the property may appeal to owner-operators or investors looking to own and manage an income-producing residential asset, while retaining the flexibility to use the full basement as the needs of the operation evolve.
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 | $35.9k | $9.72 |
| − Vacancy | −$1.4k | −$0.37 |
| EGI | $34.5k | $9.35 |
| − OpEx | −$10.4k | −$2.81 |
| NOI | $24.2k | $6.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Longitude
- -89.073719
- Latitude
- 42.292641
