718 Seminary Street, ROCKFORD, IL 61104
Key Facts
Description
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 Information
Property Type
Residential Income
Sub-Type
Duplex
Style
2 Story
Year Built
1927
Stories
2
Parking Spaces
3
Zoning
R1
Days on Market
24
MLS® Listing#
202601864
Property Features
Appliances
Basement
Construction
Roof
Schools
- Elementary:
- Constance Lane Elementary School
- Middle:
- Abraham Lincoln Middle
- High:
- Rockford East High
- District:
- Rockford 205
Financial Details
Annual Taxes
$2,049
Tax year 2024
Parcel Number
1126178007
Affordability Calculator
$64,000
Estimated monthly payment
$1,703/mo
Principal $256,000 · Est. interest $357,143 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in ROCKFORD, IL
- $216,541
- Median Listing Price
- 25
- Median Days on Market
- 1,567
- Median Sq Ft
- $124
- Median Price / Sq Ft
- 322
- Active Listings
- This home’s price is 48% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in ROCKFORD, IL.
Location
- 718 Seminary Street, ROCKFORD, IL 61104
Points of Interest in ROCKFORD, IL
Showing the ROCKFORD area map.
Nearby Schools
Kishwaukee Elementary School
Elementary · 0.2 mi away
Rockford Public Schools
Secondary · 0.5 mi away
Rockford School District 205
School · 0.5 mi away
King Elementary School
Elementary · 0.7 mi away
Beyer Early Childhood Center
School · 0.7 mi away
All Saints Catholic Academy
School · 0.8 mi away
Washington Elementary School
Elementary · 0.9 mi away
Rockford Public Schools
School · 1.0 mi away
Lincoln Middle School
Secondary · 1.0 mi away
Jackson Charter School
Elementary · 1.1 mi away
Jackson Elementary School
Elementary · 1.1 mi away
St Paul Academy
School · 1.2 mi away
John Nelson Elementary School
Elementary · 1.2 mi away
Barbour Elementary School
Elementary · 1.3 mi away
Haskell Academy
Elementary · 1.4 mi away
Julia Lathrop Elementary School
Elementary · 1.5 mi away
Ellis Elementary School
Elementary · 1.6 mi away
Roosevelt Community Education Center
Secondary · 1.6 mi away
Cathedral of St Peter
School · 1.7 mi away
St Peter Grade School
School · 1.7 mi away
Commute Calculator
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|---|---|---|---|---|
| 5773 Kirkwood Drive, ROCKFORD, IL | $224,900 | 4 | — | 1,842 |
| 131 Dawn Avenue, ROCKFORD, IL | $224,900 | 3 | — | 2,256 |
| 321 N London Avenue, ROCKFORD, IL | $225,000 | 3 | — | 1,400 |
| 3320 Minnesota Drive, ROCKFORD, IL | $225,000 | 3 | — | 2,017 |
| 321 N London Avenue, Rockford, IL | $225,000 | 3 | 2 | 1,400 |
| 3320 Minnesota Drive, Rockford, IL | $225,000 | 3 | 2 | 2,017 |
Moving Cost Estimate
EXIT Agents in ROCKFORD
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