718 Seminary St Rockford, IL 61104
Orchid 3rd Union College NeighborhoodEstimated payment $1,889/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. The property can be purchased individually or together as part of a package 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/19/2026 05/19/26 | Pending | -- | -- | -- | |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $85,000 | Kelly C Connor Pc | |
| Grant Deed | $29,900 | Other | |
| Deed | $23,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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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