218 N 4th St Rockford, IL 61107
Prairie Hill NeighborhoodEstimated payment $2,776/month
Total Views
27,505
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- 11,860 Sq Ft lot
- Heating Available
- 3-minute walk to Haight Park
About This Home
This 10 unit building is a real money maker. All units are rented to month-to-month tenants. Yearly income $68,460 but could be higher. The attached 2 story home has 3 units, one 2 bedroom and the other 2 have a one bedroom with small office. Newer roof and furnaces. Water heater about a month old. The other building has one studio apartment and the rest all one bedrooms and 6 one bedrooms, most of them remodeled. Roof was done less than 3 years ago. All units have electric heat and AC in the wall. Parking is unassigned and shared plus there's plenty of street parking. New blacktop. There's a heated 2car garage with workshop, 1/2 bath, utility sink and lots of storage. Building to be sold as a package with 212 N 4th St. Rockford IL 61107. All room sizes are approximate.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,672
Year Built
- Built in 1900
Lot Details
- 0.27 Acre Lot
- Lot Dimensions are 68x165
Interior Spaces
- 2-Story Property
Utilities
- Window Unit Cooling System
- Heating Available
Community Details
Overview
- 10 Units
Building Details
- Electric Expense $2,683
- Fuel Expense $3,817
- Insurance Expense $5,491
- Other Expense $3,720
- Trash Expense $1,320
- Water Sewer Expense $1,679
- Operating Expense $31,875
- Gross Income $73,860
- Net Operating Income $34,313
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,735 | $92,174 | $5,261 | $86,913 |
| 2023 | $7,672 | $73,886 | $4,639 | $69,247 |
| 2022 | $7,545 | $66,040 | $4,146 | $61,894 |
| 2021 | $7,422 | $60,554 | $3,802 | $56,752 |
| 2020 | $7,361 | $57,245 | $3,594 | $53,651 |
| 2019 | $7,309 | $54,560 | $3,425 | $51,135 |
| 2018 | $7,362 | $51,419 | $3,229 | $48,190 |
| 2017 | $7,301 | $49,209 | $3,090 | $46,119 |
| 2016 | $7,294 | $48,287 | $3,032 | $45,255 |
| 2015 | $7,386 | $48,287 | $3,032 | $45,255 |
| 2014 | $7,103 | $48,294 | $3,033 | $45,261 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2025 07/21/25 | For Sale | $387,000 | 0.0% | $51 / Sq Ft |
| 06/08/2025 06/08/25 | Pending | -- | -- | -- |
| 03/30/2025 03/30/25 | Price Changed | $387,000 | -7.0% | $51 / Sq Ft |
| 02/12/2025 02/12/25 | For Sale | $416,000 | -- | $55 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Similar Home in Rockford, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12325476
APN: 11-23-458-010
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. 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. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Nearby Homes
- 129 N 2nd St
- 104 7th St
- 314 N Longwood St
- 1000 Chamberlain St
- 111 W State St
- 718 S 5th St Unit A
- 1416 E State St
- 321 W State St Unit 707
- 119 N Church St
- 529 N Main St
- 908 8th Ave Ct Unit 1
- 1118 9th Ave Unit 1
- 619 Regan St
- 913 N Main St
- 700 S Main St
- 1338 Home Place Unit 4
- 902 N Main St
- 719 N Court St
- 517 Palm St
- 948 N Main St