820 Cottage Grove Avenue, Rockford, IL 61103
- Added:
- Jul 2, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 6 at 3:06 am
Property Features for 820 Cottage Grove Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 4, Bedroom 5, Bedroom 8, Bedroom 6, Bedroom 3, Basement, Bathroom 1, Bedroom 2, Bedroom 7
- 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
- Forced Air, Natural Gas
- 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 5330 WILLIAMS DR, Rockford, IL (815) 623-3333
Listing date Jul 2, 2026
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 where each apartment has 2 bedrooms, 1 full bath, a living room, and an eat‑in kitchen
- Stove/cooktop and refrigerator are included in the units; some units offer in‑unit laundry hookups
- Forced air heating with natural gas and central air cooling in the units
- Detached four‑car garage for parking and storage, plus a full basement with additional usable space
- Year built: 1956; three units currently leased
- Sold AS IS
Overview
The building is currently partially leased, with three units in place, which can support an owner who wants rental income from day one while retaining flexibility for the remaining unit. The property is being sold AS IS.
For investors or owner-operators looking for a small multifamily with straightforward unit configurations, this four-unit setup can be appealing. The combination of separate utilities, air conditioning, and included kitchen appliances helps keep the day-to-day resident experience manageable. With shared structural features such as a full basement and dedicated garage parking, the property is designed for practical operations and potential future reuse of additional space.
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
