718 Seminary Street Rockford, IL $ 320,000
718 Seminary Street
$ 320,000
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718 Seminary Street

Rockford, IL, 61104
$ 320,000
Baths0.0 Sq 2,450

Monthly Estimate*

$ 1,970

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Studio

Multi-Family Home for sale in Rockford, IL

for $320,000. This home is 2,450 square feet.

Turnkey Furnished Rental Portfolio – Fully Occupied with Proven Income & Excellent Reviews. Exceptional opportunity to acquire a fully stabilized 6-unit furnished rental property with consistent occupancy, strong income performance, and a well-established reputation. This property operates as a successful mid-term rental portfolio catering to travel professionals and extended-stay tenants, generating approximately $115,200 in effective gross income and an estimated Net Operating Income of $100,680. All units are fully furnished, consistently occupied, and supported by excellent tenant reviews, reflecting the quality and care put into the property. Well-maintained and professionally managed, this asset offers a true turnkey, plug-and-play investment with immediate cash flow. Property is being sold as a package deal along with 712 Seminary Street and 722 Seminary Street.

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Multi-Family Active

Price

$ 320,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,049

Style

2 Story

Town/City

Rockford

County/Region

Winnebago

MLS | Web ID

202601864

Features
General
Sewer City
Heating Forced Air Natural Gas
Cooling None
Utilities 0
Possession Tenant Rights
Roof Shingle
Water City
Water Heater Natural Gas
Zoning R1
Electric Circuit Breaker
Style 2 Story
Class MULTIFAMILY
Type 2 Units
Parcel Number 1126178007
HUD No
Tax Year 2024
Basement Type Full
Status ACTIVE and AVAILABLE
Subdivision IL
Sale/Rent For Sale
Status Detail 0
Short Sale No
Primary City Rockford
Year Built 1927
High School Rockford East High
City ROCKFORD
Taxes 2049
School District Rockford 205
Elementary School Constance Lane Elementary School
Middle School Abraham Lincoln Middle
Legal Description ELEC OPPENHEIMS SUBD BEING PT OF LOT 2 PLAT OF SPT NW1/4 SEC 26-44-1 LOT 002
DOM 7
Postal Code 61104
Price Per Sq Ft Total AG 130.61
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Exterior
Exterior Brick/Stone
Parking Spaces 3
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Interior
# of Units 2
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* Excluded Features
List By
Jay Dowthard

Listing Agent

Gambino Realtors

Broker

jaydowthard74@gmail.com

Email

Affordability Calculator

$2,141
Per Month
92%
8%
0%
Monthly Principal & Interest
$1,970
Monthly Property Taxes
$171
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2965227 Elementary School
2138226 Middle School
Rockford East High High School
Pricing History
DatePricePrice ChangeDescription
4/6/2026$320,000 Listed Price

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718 Seminary Street, Rockford, IL, 61104 is a Multi-Family Home for sale at $320,000 with 2,450 sqft. 718 Seminary Street is a studio with 0.0 baths. The property's zip code is 61104 which is in Rockford, IL