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. Property is being sold as a package deal along with 712 Seminary Street and 722 Seminary Street.
For sale
$320,000
718 Seminary St, Rockford, IL 61104
--beds
--baths
2,450sqft
Est.:
2 Units
Built in 1927
-- sqft lot
$128,300 Zestimate®
$131/sqft
$-- HOA
What's special
- 4 days |
- 251 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: April 07, 2026 at 06:30am
Listed by:
Jay Dowthard 815-289-7530,
Gambino Realtors
Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202601864
Tour with a local agent
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: 5 days
Estimated market value
$128,300
$113,000 - $144,000
$1,685/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 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:  MRED as distributed by MLS GRID #09117552 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
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
$2,185/mo
Principal & interest
$1569
Property taxes
$616
More affordability tools
Climate risks
Neighborhood: Old Rockford College
Nearby schools
GreatSchools rating
- 2/10Constance Lane Elementary SchoolGrades: K-5Distance: 0.2 mi
- 4/10Abraham 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.
Local experts in 61104
- Illinois
- Winnebago County
- Rockford
- 61104
- Old Rockford College
- 718 Seminary St
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