4-Unit Quadplex with
New
For Sale
$450,000
820 Cottage Grove Avenue, Rockford, IL 61103
MULTIFAMILY, ROCKFORD, IL
Property Size3,690 SF
Price / SF$121.95
Days on Market3
Property Features for 820 Cottage Grove Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R2
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 6, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 4, Bedroom 7, Basement, Bathroom 1, Bathroom 2, Bedroom 8
Parking
4
Appliances
Refrigerator, Stove/Cooktop
Elementary school
R K Welsh Elementary
Middle school
West Middle
High school
Guilford High
Elementary school district
Rockford 205
Middle school district
Rockford 205
High school district
Rockford 205
Subdivision
Winnebago County
Standard status
Active
APN
1113152001
Size
3,690 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
HARLEM PARK SUBD PT N1/2 SEC 13-44-1 W1/2 LTS 15-16 17 + 018 BLOCK 022
Tax Annual Amount
5691
Legal Description
HARLEM PARK SUBD PT N1/2 SEC 13-44-1 W1/2 LTS 15-16 17 + 018 BLOCK 022
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 Agency:
Gambino Realtors
(815) 623-3333
Listed By:
Aimee Leon · License #475201058
(815) 516-7879
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 7:06AM
MLS# 202606526
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.
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Investment Insights
Based on property information with market context.
This 3,690-square-foot quadplex, built in 1956, contains four residences with matching layouts: two bedrooms, one full bathroom, a living room, and an eat-in kitchen. Refrigerators and stoves are included. Two units have laundry hookups, and each residence has separate utilities and air conditioning. A full basement and detached four-car garage provide additional space.
Three units are leased, leaving one available for occupancy. The property is being sold as is.
Three units are leased, leaving one available for occupancy. The property is being sold as is.
Key Highlights
- Four units, each with two bedrooms and one full bath
- 3,690 square feet; built in 1956
- Three units currently leased; one unit remains available for occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,153
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,060
$483.1K
Cap Rate 7%
$345,043
$345.0K
Cap Rate 9%
$268,367
$268.4K
Market Conditions
NOI Build-Up for 3,690 SF
Gross rent
$35.9K $9.72/SF
− Vacancy
−$1.4K −$0.37/SF
EGI
$34.5K $9.35/SF
− OpEx
−$10.4K −$2.81/SF
NOI
$24.2K $6.55/SF
Area
Rockford, IL
Vacancy
3.80%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,060
Cap Rate 7%
$345,043
Cap Rate 9%
$268,367
Alternative Uses
Best Use
Multifamily LT 5
$345.0K
$301.9K – $402.6K
NOI $24,153 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$300.6K
$263.0K – $350.7K
NOI $21,042 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$981.5K
$858.8K – $1.15M
NOI $68,705 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Explore this area
Business Placement
Demographics for 61103, IL
23,294
Population
11,271
Households
2.1
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
16.3 sq mi
ZIP Area
1,429
Density / Sq Mi
$47,390
Median Household Income
$34,935
Median Earnings
$952
Median Rent
$114,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two bedrooms, one full bath, a living area, and an eat-in kitchen with appliances.
Where is this quadplex located?
The property is located at 820 Cottage Grove Avenue Rockford, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four units, each with two bedrooms and one full bath; 3,690 square feet; built in 1956; Three units currently leased; one unit remains available for occupancy
