Two-Unit Corner
927-929 Halsted Road Rockford, IL 61103
927-929 Halsted Road, Rockford, IL, 61103
$99,900
Pending
For Sale
$99,900
Pending
Duplex features two 1-bedroom, 1-bath units with a full shared basement on a corner lot.
Property Size960 SF
Days on Market10
Property Features for 927-929 Halsted Road
General Information
- Standard status
- Pending
- Size
- 960 SF
- Property subtype
- Two to Four Units / 2 Flat
Building Details
- Year Built
- 1970
Listing agency
DICKERSON & NIEMAN
(815) 227-5900
Listed by
Rebecca Thalhofer · License #475137592
(815) 227-5900
Source
Compass
Added: Jul 12 Updated: Jul 21 at 2:21AM Checked: Jul 21 at 8:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DICKERSON & NIEMAN
Investment Insights
Based on property information with market context.
This duplex offers two separate 1-bedroom, 1-bath units. Both units are set on a corner lot and share a full basement, providing additional common space within the property.
The property is described as being in a convenient location near North Second.
At this time, available information does not describe additional exterior improvements, parking details, or unit-level finishes, so prospective buyers should confirm all specifics during due diligence.
The property is described as being in a convenient location near North Second.
At this time, available information does not describe additional exterior improvements, parking details, or unit-level finishes, so prospective buyers should confirm all specifics during due diligence.
Key Highlights
- Duplex with two 1‑bedroom, 1‑bath units on a corner lot
- Full shared basement
- Natural gas heating; gas water heater
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 | $9.3k | $9.72 |
| − Vacancy | −$355 | −$0.37 |
| EGI | $9.0k | $9.35 |
| − OpEx | −$2.7k | −$2.81 |
| NOI | $6.3k | $6.55 |
960 SF · lease $9.72/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$89.8K
$78.6K – $104.7K
NOI $6,284 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$78.2K
$68.4K – $91.2K
NOI $5,474 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$255.3K
$223.4K – $297.9K
NOI $17,874 @ 7.0% cap · market cap 17.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex features two 1-bedroom, 1-bath units with a full shared basement on a corner lot.
Where is this duplex located?
The property is located at 927-929 Halsted Road Rockford, IL.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: Duplex with two 1‑bedroom, 1‑bath units on a corner lot; Full shared basement; Natural gas heating; gas water heater
