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 718 Seminary Street.
Pending
$320,000
722 Seminary St, Rockford, IL 61104
--beds
--baths
2,380sqft
2 Units
Built in 1926
-- sqft lot
$310,000 Zestimate®
$134/sqft
$-- HOA
What's special
- 82 days |
- 69 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Jay Dowthard 815-289-7530,
Gambino Realtors
Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202601865
Facts & features
Interior
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Dryer, Microwave, Refrigerator, Stove/Cooktop, Natural Gas Water Heater
- Laundry: Common Area
Features
- Basement: Full
Interior area
- Total structure area: 2,380
- Total interior livable area: 2,380 sqft
- Finished area above ground: 2,380
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Additional Parking
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Details
- Parcel number: 1126178025
- 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
- Features: Storage Area
- Subdivision: IL
Location
- Region: Rockford
Financial & listing details
- Price per square foot: $134/sqft
- Tax assessed value: $67,668
- Annual tax amount: $2,138
- Price range: $320K - $320K
- Date on market: 4/6/2026
- Cumulative days on market: 83 days
Estimated market value
$310,000
$295,000 - $326,000
$1,261/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/19/2026 | Pending sale | $320,000$134/sqft |
Source:  NorthWest Illinois Alliance of REALTORS® #202601865 Report a problem | ||
| 4/6/2026 | Listed for sale | $320,000+276.5%$134/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202601865 Report a problem | ||
| 10/8/2021 | Sold | $85,000-10.5%$36/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202104647 Report a problem | ||
| 8/9/2021 | Pending sale | $95,000$40/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202104647 Report a problem | ||
| 8/3/2021 | Listed for sale | $95,000+211%$40/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202104647 Report a problem | ||
| 2/22/2016 | Sold | $30,550+2.2%$13/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #201600200 Report a problem | ||
| 1/27/2016 | Pending sale | $29,900$13/sqft |
Source: Key Realty Inc #09117584 Report a problem | ||
| 1/15/2016 | Price change | $29,900-64.8%$13/sqft |
Source: Key Realty, Inc #201600200 Report a problem | ||
| 6/23/2010 | Listed for sale | $84,900$36/sqft |
Source: CENTURY 21 Affiliated #55627 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,138 +3.5% | $22,556 +13.4% |
| 2023 | $2,065 +11.7% | $19,889 +23% |
| 2022 | $1,848 | $16,175 +28.2% |
| 2021 | -- | $12,620 +5.8% |
| 2020 | $1,534 +0.7% | $11,930 +4.9% |
| 2019 | $1,523 +0.6% | $11,370 +7.1% |
| 2018 | $1,515 +0.5% | $10,614 +4.5% |
| 2017 | $1,507 | $10,158 +1.9% |
| 2016 | $1,507 +0.1% | $9,967 -30% |
| 2015 | $1,506 -30.9% | $14,243 +20.4% |
| 2014 | $2,179 -8.3% | $11,834 -50.9% |
| 2009 | $2,377 | $24,098 +8% |
| 2007 | -- | $22,309 +31.6% |
| 2006 | -- | $16,951 +4.8% |
| 2005 | -- | $16,182 +0.6% |
| 2004 | -- | $16,089 -4% |
| 2003 | -- | $16,761 +40.4% |
| 2001 | -- | $11,940 +6.8% |
| 2000 | -- | $11,184 |
| 1999 | -- | $11,184 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
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Climate risks
Neighborhood: Old Rockford College
Nearby schools
GreatSchools rating
- 2/10Constance Lane Elementary SchoolGrades: K-5Distance: 0.2 mi
- 3/10Abraham Lincoln Middle SchoolGrades: 6-8Distance: 1 mi
- 1/10Rockford East High SchoolGrades: 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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Illinois
- Winnebago County
- Rockford
- 61104
- Old Rockford College
- 722 Seminary St
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Nearby neighborhoods
Nearby zip codes
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