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616 Market Street Rockford, IL $ 425,000
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616 Market Street
$ 425,000
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616 Market Street

Rockford, IL, 61107
$ 425,000
Bedrooms1 Baths0.0

Monthly Estimate*

$ 2,935

616 Market Street, Rockford, IL 61107 - Image 1
616 Market Street, Rockford, IL 61107 - Image 2
616 Market Street, Rockford, IL 61107 - Image 3
616 Market Street, Rockford, IL 61107 - Image 4
616 Market Street, Rockford, IL 61107 - Image 5
616 Market Street, Rockford, IL 61107 - Image 6
616 Market Street, Rockford, IL 61107 - Image 7
616 Market Street, Rockford, IL 61107 - Image 8
616 Market Street, Rockford, IL 61107 - Image 9

Multi-Family Home for sale in Rockford, IL

for $425,000 with 1 bedroom. This home was built in 1900 on a lot size of 0.1.

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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Multi-Family Active

Price

$ 425,000

Bedrooms

1

Property Type

Multi-Family

Taxes

$ 6,314

Style

Lot Size

0.1

Year Built

1900

Town/City

Rockford

County/Region

Winnebago

MLS | Web ID

12789523
Features
General
Cooling Window Unit(s)
Zoning COMMR
Year Built 1900
Tenant Pays Electricity Other
Stories Count 2
Tax Year 2025
Gross Income 60900
County Winnebago
Net Operating Income 41745
Operating Expense 19155
Insurance Expense 4000
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Status New
Directions From downtown Rockford travel east toward Market St. and continue to 616-618 Market St. Property is located along Market St.
City Rockford
Number Of Units Total 8
MLS Area Rockford
Lot Size Square Feet 4356
Tax Annual Amount 6314.06
Electric Expense 960
Fuel Expense 3500
Trash Expense 1680
Water Sewer Expense 1500
Ok to Lease Month To Month
Additional Parcels Y/N N
Standard Status Active
Cap Rate 9.82
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Interior
Basement Unfinished
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Exterior
Lot Dimensions 4356
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* Excluded Features
List By
The Agency X

Broker

ashleypatino2001@gmail.com

Email

Affordability Calculator

$3,462
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,935
Monthly Property Taxes
$526
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/20/2026$425,000 Listed Price

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616 Market Street, Rockford, IL, 61107 is a Multi-Family Home for sale at $425,000 with a lot size of 0.1. 616 Market Street has 1 bedrooms, 0.0 baths, and was built in 1900. The property's zip code is 61107 which is in Rockford, IL

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