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Pending
  • $320,000

    712 Seminary St, Rockford, IL 61104

    --beds
    --baths
    2,450sqft
    : 
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    2 Units
    Built in 1926
    -- sqft lot
    $311,200 Zestimate®
    $131/sqft
    $-- HOA

    What's special

    Fully furnished units
    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. Excellent reviews and strong tenant satisfaction. Well-kept property with ongoing maintenance. Fully furnished units included in sale. Proven occupancy history. Strong demand from travel and mid-term renters. Efficient operating expenses. This is a rare opportunity to acquire a high-performing, income-producing asset with both stability and reputation already in place. The property can be purchased individually or together as part of a package with 718 Seminary Street and 722 Seminary Street.
    86 days
    |
    51
    |
    1
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jay Dowthard 815-289-7530,

    Gambino Realtors

    Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202601863MLS Logo

      Facts & features

      Interior

      Heating
      • Forced Air, Natural Gas
      Cooling
      • None
      Appliances
      • Included: Dryer, Microwave, Refrigerator, Stove/Cooktop, Washer, Natural Gas Water Heater
      • Laundry: Common Area
      Features
      • Basement: Full
      Interior area
      • Total structure area: 2,450
      • Total interior livable area: 2,450 sqft
      • Finished area above ground: 2,450
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 4
      • Parking features: Additional Parking
      • Garage spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Patio
      Details
      • Parcel number: 1126178006
      • Zoning: R1

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: 2 Units
      Materials
      • Brick/Stone
      • Roof: Shingle
      Condition
      • Year built: 1926

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: City
      • Water: City
      • Utilities for property: Separate Utilities

      Community & HOA

      Community
      • Subdivision: IL
      Location
      • Region: Rockford

      Financial & listing details

      • Price per square foot: $131/sqft
      • Tax assessed value: $67,383
      • Annual tax amount: $2,129
      • Price range: $320K - $320K
      • Date on market: 4/6/2026
      • Cumulative days on market: 87 days

        Estimated market value

        $311,200

        $296,000 - $327,000

        $1,179/mo

        Price history

        DateEventPrice
        5/19/2026Pending sale$320,000$131/sqft
        Source: NorthWest Illinois Alliance of REALTORS® #202601863 Report a problem
        4/6/2026Listed for sale$320,000+276.5%$131/sqft
        Source: NorthWest Illinois Alliance of REALTORS® #202601863 Report a problem
        10/8/2021Sold$85,000-7.6%$35/sqft
        Source: NorthWest Illinois Alliance of REALTORS® #202104655 Report a problem
        8/9/2021Pending sale$92,000$38/sqft
        Source: NorthWest Illinois Alliance of REALTORS® #202104655 Report a problem
        8/3/2021Listed for sale$92,000+201.1%$38/sqft
        Source: NorthWest Illinois Alliance of REALTORS® #202104655 Report a problem
        2/22/2016Sold$30,550+2.2%$12/sqft
        Source: NorthWest Illinois Alliance of REALTORS® #201600201 Report a problem
        1/27/2016Pending sale$29,900$12/sqft
        Source: Key Realty Inc #09117618 Report a problem
        1/15/2016Listed for sale$29,900-64.8%$12/sqft
        Source: Key Realty, Inc #201600201 Report a problem
        4/21/2011Listing removed$84,900$35/sqft
        Source: Affiliated #55629 Report a problem
        6/23/2010Listed for sale$84,900$35/sqft
        Source: CENTURY 21 Affiliated #55629 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$2,129 +3.5%$22,461 +13.4%
        2023$2,056 +11.8%$19,805 +23%
        2022$1,839 $16,098 +28.8%
        2021-- $12,500 +5.8%
        2020$1,519 +0.7%$11,817 +4.9%
        2019$1,509 -0.4%$11,263 +6.1%
        2018$1,515 +0.5%$10,614 +4.5%
        2017$1,507 $10,158 +1.9%
        2016$1,507 +0.1%$9,967 -30.2%
        2015$1,506 -31.1%$14,287 +20.7%
        2014$2,185 -8.3%$11,833 -51%
        2009$2,383 $24,157 +8%
        2007-- $22,364 +31.6%
        2006-- $16,996 +4.7%
        2005-- $16,226 +0.6%
        2004-- $16,133 -3.8%
        2003-- $16,778 +42.9%
        2001-- $11,739 +6.7%
        2000-- $10,998
        1999-- $10,998

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Old Rockford College

        Getting around

        73 / 100
        Very Walkable
        61 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Constance Lane Elementary School
        • Middle: Abraham Lincoln Middle
        • High: Rockford East High
        • District: Rockford 205

        Source: NorthWest Illinois Alliance of REALTORS®. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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