4-Unit Apartment Building with
For Sale
$460,000
820 Cottage Grove Avenue, Rockford, IL 61103
MULTIFAMILY, ROCKFORD, IL
Property Size3,690 SF
Price / SF$124.66
Days on Market101
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 1, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 4, Basement, Bedroom 8, Bedroom 7, Bedroom 6, Bathroom 2, Bedroom 5
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
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
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
Amenities
in-unit laundry hookups
air conditioning
full basement
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: Jul 2
Changed: Oct 10
Last Checked: Oct 10 at 2:06PM
MLS# 202604011
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.
Investment Insights
Based on property information with market context.
This 3,690-square-foot quadplex, built in 1956, contains four apartments. Each has two bedrooms, one full bathroom, a living room, and an eat-in kitchen equipped with a stove and refrigerator. Two apartments have laundry hookups, and the property includes central air conditioning and separate utilities for each unit.
A detached garage accommodates four vehicles, and a full basement provides additional space. Three of the four apartments are leased. The property is offered in as-is condition.
A detached garage accommodates four vehicles, and a full basement provides additional space. Three of the four apartments are leased. The property is offered in as-is condition.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 full bath
- 3,690‑square‑foot building constructed in 1956
- Detached four‑car garage and full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,153
Cap Rate
5.25%
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 5.25%
Second Best
Apartment 5plus
$300.6K
$263.0K – $350.7K
NOI $21,042 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$981.5K
$858.8K – $1.15M
NOI $68,705 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
75%
Occupancy
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Individual apartments have eat-in kitchens, central air, and separate utilities.
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 $460,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 full bath; 3,690‑square‑foot building constructed in 1956; Detached four‑car garage and full basement
