Two-Unit Residential Income
For Sale
$99,000
914-916 N Winnebago St, Rockford, IL 61103
MULTI_FAMILY - ROCKFORD, IL
Property Size1,400 SF
Price / SF$70.71
Days on Market161
Property Features for 914-916 N Winnebago St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2
Parking
2
Appliances
Stove/Cooktop
Elementary school
District 205-RFD
Middle school
District 205-RFD
High school
District 205-RFD
Elementary school district
Rockford 205
Middle school district
Rockford 205
High school district
Rockford 205
Subdivision
Winnebago County
Standard status
Active
APN
1114356026
Size
1,400 SF
Taxes and HOA fees
Tax Year
205
Tax Description
HASKELL & KIMBALLS SUB SW 1/4 SEC 14-44-1
Tax Annual Amount
1685
Legal Description
HASKELL & KIMBALLS SUB SW 1/4 SEC 14-44-1
Utilities
Heating system
Hot Water(Heating), Natural Gas, Steam
Building Details
Year built
1908
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
Keller Williams Realty Signature
(815) 315-1111
Listed By:
Nastasia Brown · License #475181736
(815) 315-1111
Added: Feb 19
Changed: Jul 9
Last Checked: Jul 30 at 3:06PM
MLS# 202601164
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 for-sale two-unit residential income property includes two separate units with recent capital updates throughout. The exterior has a new roof, new fascia and soffit, and front brick tuck pointing. Inside, the property features new flooring in bedrooms, bathrooms, and kitchen areas, along with new bathroom fixtures including a sink and toilet, new tiling, and new ceiling fans, plus fresh paint in the upstairs unit. The basement has also seen new water piping, and both units have a new split hot/cold air setup.
The property is zoned R-1. The bottom unit was previously used for commercial space, with prior use identified as a grocery store. In addition to the building, the lot next to the property is included with the sale for future use.
For tenants, buyers, or operators looking for a residential income setup with substantial recent improvements, the updated roof, interiors, and mechanical systems support an easier path to occupancy or ongoing operation. The included adjacent lot provides additional on-site space that may be useful for future planning, subject to zoning and approvals.
The property is zoned R-1. The bottom unit was previously used for commercial space, with prior use identified as a grocery store. In addition to the building, the lot next to the property is included with the sale for future use.
For tenants, buyers, or operators looking for a residential income setup with substantial recent improvements, the updated roof, interiors, and mechanical systems support an easier path to occupancy or ongoing operation. The included adjacent lot provides additional on-site space that may be useful for future planning, subject to zoning and approvals.
Key Highlights
- 1908 building with two units; bottom unit previously used for commercial space and a grocery store
- New split‑unit hot/cool HVAC plus hot water heating, natural gas, and steam heating
- New roof, new fascia and soffit; front exterior brick tuck pointing completed
Financial Insights For Apartment 5plus
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 | $15.1k | $10.80 |
| − Vacancy | −$605 | −$0.43 |
| EGI | $14.5k | $10.37 |
| − OpEx | −$6.5k | −$4.67 |
| NOI | $8.0k | $5.70 |
1,400 SF · lease $10.80/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$130.9K
$114.6K – $152.7K
NOI $9,164 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$114.0K
$99.8K – $133.1K
NOI $7,983 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$372.4K
$325.8K – $434.5K
NOI $26,067 @ 7.0% cap · market cap 26.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,597
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit building with modern interior improvements and an included adjacent lot for added flexibility.
Where is this duplex located?
The property is located at 914-916 N Winnebago St Rockford, IL.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: 1908 building with two units; bottom unit previously used for commercial space and a grocery store; New split‑unit hot/cool HVAC plus hot water heating, natural gas, and steam heating; New roof, new fascia and soffit; front exterior brick tuck pointing completed
