Pending

$320,000

718 Seminary St, Rockford, IL 61104

--beds

--baths

2,450sqft

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2 Units

Built in 1927

-- sqft lot

$311,600 Zestimate^®

$131/sqft

$-- HOA

What's special

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.

84 days

32

1

Facts & features

Interior

Heating

Forced Air, Natural Gas

Cooling

None

Appliances

Included: Dryer, Microwave, Refrigerator, Stove/Cooktop, Oven, Washer, Natural Gas Water Heater
Laundry: In Unit

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: 3
Parking features: Additional Parking

Features

Levels: Two
Stories: 2
Patio & porch: Patio

Lot

Features: On Bus Route

Details

Parcel number: 1126178007
Zoning: R1

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 Units

Materials

Brick/Stone
Roof: Shingle

Condition

Year built: 1927

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: $64,863
Annual tax amount: $2,049
Price range: $320K - $320K
Date on market: 4/6/2026
Cumulative days on market: 85 days

Estimated market value

$311,600

$296,000 - $327,000

$1,236/mo

Price history

Date	Event	Price
5/19/2026	Pending sale	$320,000$131/sqft
Source: NorthWest Illinois Alliance of REALTORS® #202601864 Report a problem
4/6/2026	Listed for sale	$320,000+276.5%$131/sqft
Source: NorthWest Illinois Alliance of REALTORS® #202601864 Report a problem
10/8/2021	Sold	$85,000-4.5%$35/sqft
Source: NorthWest Illinois Alliance of REALTORS® #202104652 Report a problem
8/9/2021	Pending sale	$89,000$36/sqft
Source: NorthWest Illinois Alliance of REALTORS® #202104652 Report a problem
8/3/2021	Listed for sale	$89,000+191.3%$36/sqft
Source: NorthWest Illinois Alliance of REALTORS® #202104652 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
1/26/2020	Listing removed	$580
Source: Owner Report a problem
1/19/2020	Price change	$580-3.3%
Source: Owner Report a problem
12/29/2019	Price change	$600-7.7%
Source: Owner Report a problem
10/27/2019	Price change	$650-7.1%
Source: Owner Report a problem
10/23/2019	Listed for rent	$700+16.7%
Source: Owner Report a problem
5/26/2017	Listing removed	$600
Source: Owner Report a problem
4/13/2017	Listed for rent	$600
Source: Owner Report a problem
2/22/2016	Sold	$30,550+2.2%$12/sqft
Source: NorthWest Illinois Alliance of REALTORS® #201600199 Report a problem
1/27/2016	Pending sale	$29,900$12/sqft
Source: Key Realty Inc #09117552 Report a problem
1/15/2016	Price change	$29,900-64.8%$12/sqft
Source: Key Realty, Inc #201600199 Report a problem
6/23/2010	Listed for sale	$84,900$35/sqft
Source: CENTURY 21 Affiliated #55631 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$2,049 +3.5%	$21,621 +13.4%
2023	$1,980 +12.3%	$19,065 +23.5%
2022	$1,764	$15,435 +23.5%
2021	--	$12,499 +5.8%
2020	$1,519 +0.7%	$11,816 +4.9%
2019	$1,509 -0.4%	$11,262 +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 -27.8%
2015	$1,506 -28.7%	$13,802 +16.6%
2014	$2,111 -9.4%	$11,833 -49.9%
2009	$2,330	$23,621 +8%
2007	--	$21,868 +30.9%
2006	--	$16,709 +4.8%
2005	--	$15,951 +0.5%
2004	--	$15,872 -4%
2003	--	$16,529 +41.5%
2001	--	$11,679 +6.8%
2000	--	$10,937
1999	--	$10,937

Find assessor info on the county website

Monthly payment

Est. payment

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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.

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Climate risks

Neighborhood: Old Rockford College

Getting around

73 / 100

Very Walkable

61 / 100

Bikeable

Nearby schools

GreatSchools rating

2/10
Constance Lane Elementary School
Grades: K-5Distance: 0.2 mi
3/10
Abraham Lincoln Middle School
Grades: 6-8Distance: 1 mi
1/10
Rockford East High School
Grades: 9-12Distance: 2.1 mi

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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