Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    414 N Court St Rockford, IL 61103
    Back to Search
    Property profile & analytics

    414 N Court St Rockford, IL 61103

    View on Map
    • Apartment buildings
    • 98,107 SF
    For Sale
    View Listing →
    Rockford Affordable Housing Portfolio For Sale
    Contact for pricing
    98,107 SF

    Rockford Affordable Housing Portfolio

    130-unit portfolio of affordable housing assets in Rockford, IL.

    414 N Court St, Rockford, IL 61103
    View Listing
    Property ID
    US28-1067093
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Meld Manor / Apartment Building

    Property Details for 414 N Court St

    Year built
    1900
    Property size
    98,107 SF
    Property type
    Apartment buildings

    Description

    SVN is pleased to present this unique opportunity to acquire and preserve a portfolio of affordable housing assets located in Rockford, IL. The properties are located within close proximity of one another creating management efficiencies and immediate scale into an emerging market upon acquisition. The Anchor Housing Portfolio consists of 130 units (55 HAP Units) and is governed by Section 42 of the IRC Code.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.0949398
    Latitude
    42.2758379

    Comparable in this City

    • $324,900
      3,350 SF

      Six-Unit Multifamily Investment Opportunity

      Six-unit multifamily property with rental potential in Rockford, Illinois.
      909-911 Ridge Ave, Rockford, IL 61103
      View Details
    • New
      $488,500

      Well-Maintained Four-Unit Multifamily Property

      Four-unit property with strong rental potential in Rockford, Illinois.
      820 Cottage Grove Ave, Rockford, IL 61103
      View Details
    • Contact for pricing
      5,266 SF

      Multifamily Property with Four Units

      Four-unit multifamily property for sale.
      2123 Douglas St, Rockford, IL 61103
      View Details
    • $110,000
      Pending

      Spacious Duplex in Rockford, IL

      2-unit duplex near Sinnissippi Park, great investment opportunity.
      1012 Court St N, Rockford, IL 61103
      View Details
    • $165,000

      Brick Duplex with Tenant Occupancy

      Two-unit brick duplex in Rockford, Illinois, with tenant occupancy.
      1022 15Th St, Rockford, IL 61103
      View Details
    • $150,000
      Pending

      ROCKFORD, IL - Duplex

      Two-unit residential income property in Rockford, Illinois.
      1108 N Rockton Ave, Rockford, IL 61103
      View Details

    Similar Nearby for Sale

    • $324,900
      3,350 SF

      Six-Unit Multifamily Investment Opportunity

      Six-unit multifamily property with rental potential in Rockford, Illinois.
      909-911 Ridge Ave, Rockford, IL 61103
      View Details
    • $110,000
      Pending

      Spacious Duplex in Rockford, IL

      2-unit duplex near Sinnissippi Park, great investment opportunity.
      1012 Court St N, Rockford, IL 61103
      View Details
    • $165,000

      Brick Duplex with Tenant Occupancy

      Two-unit brick duplex in Rockford, Illinois, with tenant occupancy.
      1022 15Th St, Rockford, IL 61103
      View Details
    • New
      $488,500

      Well-Maintained Four-Unit Multifamily Property

      Four-unit property with strong rental potential in Rockford, Illinois.
      820 Cottage Grove Ave, Rockford, IL 61103
      View Details
    • $150,000
      Pending

      ROCKFORD, IL - Duplex

      Two-unit residential income property in Rockford, Illinois.
      1108 N Rockton Ave, Rockford, IL 61103
      View Details
    • Contact for pricing
      5,266 SF

      Multifamily Property with Four Units

      Four-unit multifamily property for sale.
      2123 Douglas St, Rockford, IL 61103
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Development Pad

      Commercial development pad in a high-traffic Rockford location.
      2647 N Main St, Rockford, IL 61103
      View Details
    • Contact for pricing

      Prime Commercial Development Pad

      Commercial development pad in a high-traffic Rockford location.
      2647 N Main St, Rockford, IL 61103
      View Details
    • Contact for pricing

      Commercial Land For Rent

      Commercial land available for rent with high-visibility frontage.
      2649 N Main St, Rockford, IL 61103
      View Details
    • Contact for pricing

      Spacious Office Building Near Downtown

      3,948 SF office space near Rockford's downtown amenities.
      333 Locust St, Rockford, IL 61103
      View Details
    • Contact for pricing

      Industrial Space Available For Lease

      171,381 SF industrial space featuring 26' clear heights.
      4650 Shepherd Trl, Rockford, IL 61103
      View Details
    • $8 SF/Yr
      19,400 SF

      Retail Space in Busy Center

      6,270 SF retail space in established shopping center.
      3702-3748 N Main St, Rockford, IL 61103
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    414 N Court St
    Rockford, IL 61103
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    414 N Court St, Rockford, IL, 61103
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!