718 Seminary St Rockford, IL 61104
Orchid 3rd Union College NeighborhoodEstimated payment $1,894/month
Highlights
- Property is near public transit
- Patio
- Coin Laundry
- Brick or Stone Mason
- Forced Air Heating System
- 3-minute walk to Nelson Park
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,049
Year Built
- Built in 1927
Home Design
- Duplex
- Brick or Stone Mason
- Shingle Roof
Interior Spaces
- 2,450 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Kitchen
- Oven
- Stove
- Range
- Microwave
Laundry
- Laundry in unit
- Washer and Dryer
Parking
- 3 Car Parking Spaces
- Additional Parking
Schools
- Constance Lane Elementary School
- Abraham Lincoln Middle School
- Rockford East High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Separate Meters
- Natural Gas Water Heater
Additional Features
- Patio
- Property is near public transit
Community Details
Overview
- 2 Units
- 2-Story Building
Amenities
- Coin Laundry
Map
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 | $2,049 | $21,621 | $619 | $21,002 |
| 2023 | $1,980 | $19,065 | $546 | $18,519 |
| 2022 | $1,764 | $15,435 | $487 | $14,948 |
| 2021 | $1,532 | $12,499 | $447 | $12,052 |
| 2020 | $1,519 | $11,816 | $423 | $11,393 |
| 2019 | $1,509 | $11,262 | $403 | $10,859 |
| 2018 | $1,813 | $10,614 | $380 | $10,234 |
| 2017 | $1,507 | $10,158 | $364 | $9,794 |
| 2016 | $1,506 | $9,967 | $357 | $9,610 |
| 2015 | $2,111 | $13,802 | $357 | $13,445 |
| 2014 | $1,760 | $11,833 | $443 | $11,390 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/06/2026 04/06/26 | For Sale | $320,000 | +276.5% | $131 / Sq Ft | |
| 10/08/2021 10/08/21 | Sold | $85,000 | -4.5% | $36 / Sq Ft | View Prior Sale |
| 08/09/2021 08/09/21 | Pending | -- | -- | -- | |
| 08/03/2021 08/03/21 | For Sale | $89,000 | +191.3% | $37 / Sq Ft | |
| 02/22/2016 02/22/16 | Sold | $30,550 | +2.2% | -- | View Prior Sale |
| 01/25/2016 01/25/16 | Pending | -- | -- | -- | |
| 01/15/2016 01/15/16 | For Sale | $29,900 | -25.3% | -- | |
| 03/08/2012 03/08/12 | Sold | $40,000 | -33.2% | -- | View Prior Sale |
| 01/26/2012 01/26/12 | Pending | -- | -- | -- | |
| 05/03/2011 05/03/11 | For Sale | $59,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $85,000 | Kelly C Connor Pc | |
| Grant Deed | $29,900 | Other | |
| Deed | $23,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $63,750 | New Conventional |
Source: NorthWest Illinois Alliance of REALTORS®
MLS Number: 202601864
APN: 11-26-178-007
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Ask me questions while you tour the home.