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718 Seminary Street, Rockford, IL 61104

Rockford
Local realty services provided by:CENTURY 21 Affiliated
718 Seminary Street,Rockford, IL 61104
$320,000
  • - Beds
  • - Baths
  • 2,450 sq. ft.
  • Multi-family
  • Pending
Listed by: jay dowthard
Office: gambino realtors
MLS#:202601864
Source:IL_RAAR

Price summary

  • Price:$320,000
  • Price per sq. ft.:$130.61

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.

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Home facts

  • Listing ID #:202601864
  • Added:184 day(s) ago
  • Updated:July 23, 2026 at 04:22 PM

Rooms and interior

  • Kitchen Description:Microwave, Oven, Refrigerator, Stove/Cooktop
  • Basement Description:Full
  • Living area:2,450 sq. ft.

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Shingle
  • Building area:2,450 sq. ft.
  • Construction Materials:Brick/Stone
  • Exterior Features:Patio
  • Levels:2 Story

Schools

  • High school:Rockford East High
  • Middle school:Abraham Lincoln Middle
  • Elementary school:Constance Lane Elementary School

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$320,000
  • Price per sq. ft.:$130.61

Features and amenities

  • Laundry features:Dryer, Laundry In Unit, Washer
  • Amenities:Additional Parking, Laundry In Unit, On Bus Route

Parking

  • Parking description:Additional Parking

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