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$425,000
16 Days On Site
616 Market StreetRockford, IL 61107
For Sale|Multi Family|Active
0
Beds
0
Total Baths
1900
Built
County:
Winnebago
Listing Courtesy of MRED as distributed by MLS Grid of The Agency X
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Excellent investment opportunity in Rockford! This fully occupied 8-unit multifamily property features eight 1-bedroom, 1-bathroom apartments, offering immediate rental income and potential for future growth. The property generates $60,900 in annual GOI with a reported NOI of $41,745, representing a 9.82 cap rate at the asking price of $425,000. Featuring an attractive brick exterior and a convenient location 3 minutes from downtown Rockford, this property presents a great opportunity for investors looking to expand their portfolio with an established income-producing asset.
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Listing Snapshot
Price
$425,000
Days On Site
16 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
N/A
Year Built
1900
MLS Number
12789523
Status
Active
Property Tax
$6,314.06
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 2 weeks ago | Listing updated with changes from the MLS | |
| 2 weeks ago | Status changed to Active | |
| 2 weeks ago | Listing first seen on site |
General Features
Lease Term
Month To Month
Property Sub Type
Multi Family
Zoning
COMMR
Interior Features
Basement
Unfinished
Cooling
Window Unit(s)
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Community Features
MLS Area
Rockford
Listing Courtesy of MRED as distributed by MLS Grid of The Agency X
Based on information submitted to the MLS GRID as of 2026-11-06 10:05 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-11-06 10:05 AM UTC
MRED DMCA Copyright Information Copyright © 2026 Midwest Real Estate Data LLC. All rights reserved.
Based on information submitted to the MLS GRID as of 2026-11-06 10:05 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-11-06 10:05 AM UTC
MRED DMCA Copyright Information Copyright © 2026 Midwest Real Estate Data LLC. All rights reserved.
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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