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616 Market Street
Rockford IL 61107 US

$425,000

Active Listing ID 12789523
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8 bed
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8.00 Bath (8 Full)
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Lot: 0.10 Acres
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Other

$425,000

Active Listing ID 12789523
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616 Market Street 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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Property Features

  • Facts
  • Lot Size: 0.10 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 8
  • Cooling System: Window Unit(s)
  • Additional Features
  • Basement

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 425000
  • unparsedaddress: 616 Market Street
  • postalcity: Rockford
  • stateorprovince: IL
  • country: US
  • postalcode: 61107
  • bathroomsfull: 8
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1
  • lotsizeunits: Acres
  • lotsizearea: 0.1
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 42.267818
  • longitude: -89.084641
  • listagentfullname: Ashley Patino
  • listagentemail: ashleypatino2001@gmail.com
  • listagentkey: 3yd-MREDIL-259944
  • listagentmlsid: 259944
  • listagentpreferredphone: (630) 333-1500
  • listagentofficephone: 6304737720
  • listofficekey: 3yd-MREDIL-24185
  • listofficemlsid: 24185
  • disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1900
  • listingcontractdate: 2026-10-20
  • countyorparish: Winnebago
  • parcelnumber: 1123458013
  • cooling: Window Unit(s)
  • numberofunitstotal: 8
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • rooms: Bedroom 6, Bathroom 8, Bathroom 2, Bathroom 6, Bedroom 5, Bathroom 4, Bedroom 3, Bathroom 5, Bedroom 7, Bathroom 1, Bedroom 8, Bathroom 3, Basement, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 7
  • basement: Unfinished
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -89.08464, 42.26782
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"RE/MAX 1st", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"ashleypatino2001@gmail.com", "ListBrokerageCity":"Elmhurst", "ListBrokerageCountry":"US", "ListBrokerageEmail":"joann.remax1st@gmail.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"RE/MAX 1st", "ListBrokeragePhone":"(630) 333-1500", "ListBrokeragePostalCode":"60126", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":"Suite 207", "ListBrokerageUnparsedAddress":"257 N. West Ave", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"257 N West Avenue, Suite 207 ", "ListOfficeAddress2":"Suite 207", "ListOfficeBrokerMlsId":"24185", "ListOfficeCity":"Elmhurst", "ListOfficeCountry":"US", "ListOfficeEmail":"joann.remax1st@gmail.com", "ListOfficePostalCode":"60126", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale, Rockford, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/616-Market-St_Rockford_IL_61107_M97771-00079?f=listhub&s=MREDIL&m=12789523&c=rexren", "MLSModificationTimestamp":"2026-10-26 05:06:10", "Neighborhoods":[{"Description":null, "Name":"Rockford"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":6314, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
  • GarageSpaces: 0
Listing Changed: 10/28/2026 1:32:59 PM GMT
Source Updated Date: 11/5/2026 12:58:06 AM GMT

Courtesy of: Ashley Patino, The Agency X, ashleypatino2001@gmail.com

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.