$310,000
SOLD MAY 28, 2025

716 Medford Dr Rockford, IL 61107

6 Beds
4 Baths
-- Sq Ft
9,583 Sq Ft Lot

Recently Sold

11% Below List Price

1 Day on Market

Highlights

  • Balcony
  • Forced Air Heating System
  • Fenced
  • Patio

About This Home

As of May 2025

This well-maintained two-unit multifamily property offers flexibility-rent out both units or live in one while generating income from the other! Both units are very similar with 3 beds and 2 full baths. The main floor includes a large primary bedroom with an attached full bath and laundry room, a generous eat-in kitchen with ample cabinetry and appliances (refrigerator, stove, and dishwasher). The living room is expansive, boasting a fireplace and access to a balcony. A patio extends off the kitchen, perfect for outdoor enjoyment. Additional highlights include a partial basement and a one-car garage for each unit. The property sits on a huge fenced-in backyard, offering plenty of space for recreation.

Last Agent to Sell the Property

Kendra Monroe

Keller Williams Realty Signature Listed on: 03/23/2025

Keller Williams Realty Signature

Last Buyer's Agent

Fidel Batres

Keller Williams Realty Signature License #475133262

Keller Williams Realty Signature

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,594

Year Built

  • Built in 1965

Lot Details

  • Lot Dimensions are 55 x 55 x 177.42 x 177.42
  • Fenced

Parking

  • 2 Car Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Stone Siding

Interior Spaces

  • 2-Story Property
  • Partial Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Forced Air Heating System

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,594

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1965
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Partial
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Fireplace-Wood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Fireplace-Wood

Exterior Features

  • Construction Materials: Brick, Stone, Other
  • ExteriorFeatures: Balcony
  • Fencing: Fenced
  • List Price: 349000
  • Patio And Porch Features: Patio
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: On Site, Attached, Garage
  • ParkingTotal: 4

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Water Source: Public

Schools

  • Middle/Junior School District: 205

Lot Info

  • Lot Dimensions: 55 X 55 X 177.42 X 177.42
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 6594
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2025
Closed on
May 28, 2025
Sold by
Chavez Jose Ulisses
Bought by
Recendez Ivan and Recendez Pedro
Seller's Agent
Kendra Monroe
Keller Williams Realty Signature
Buyer's Agent
Fidel Batres
Keller Williams Realty Signature
List Price
$349,000
Sold Price
$310,000
Premium/Discount to List
-$39,000
-11.17%
Views
44

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.53%
Original Mortgage
$256,500
Outstanding Balance
$256,500
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$70,469

Purchase Details

Listed on
Aug 7, 2023
Closed on
Sep 29, 2023
Sold by
Prymak Adam
Bought by
Chavez Jose U
Seller's Agent
Vic Nafranowicz
Vic Nafranowicz Inc., Realtors
Buyer's Agent
Monica Moran
Smart Home Realty
List Price
$295,000
Sold Price
$260,000
Premium/Discount to List
-$35,000
-11.86%
Views
111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.18%
Original Mortgage
$195,000
Interest Rate
7.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 1991
Bought by
Prymak Adam
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $310,000 None Listed On Document
Warranty Deed $260,000 None Listed On Document
Deed $89,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $256,500 New Conventional
Previous Owner $195,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 For Rent $1,850 0.0% --
05/28/2025 05/28/25 Sold $310,000 -11.2% --
03/24/2025 03/24/25 Pending -- -- --
03/23/2025 03/23/25 For Sale $349,000 +34.2% --
09/29/2023 09/29/23 Sold $260,000 -11.9% $126 / Sq Ft
08/29/2023 08/29/23 Pending -- -- --
08/07/2023 08/07/23 For Sale $295,000 -- $143 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $7,109 $75,015 $6,166 $68,849
2023 $6,594 $63,507 $5,438 $58,069
2022 $6,485 $56,764 $4,861 $51,903
2021 $6,379 $52,048 $4,457 $47,591
2020 $6,327 $49,204 $4,213 $44,991
2019 $6,283 $46,896 $4,015 $42,881
2018 $6,326 $44,187 $3,784 $40,403
2017 $6,274 $42,288 $3,621 $38,667
2016 $6,268 $41,495 $3,553 $37,942
2015 $6,347 $41,495 $3,553 $37,942
2014 $5,151 $34,628 $4,441 $30,187
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12319267

Midwest Real Estate Data (MRED)

APN: 12-20-253-014