# 718 Seminary, ROCKFORD, IL 61104

> **TL;DR:** residential multi family, $320,000. Est. $1,387/mo. Listed 4 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $320,000 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 4 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,387 |
| **Total** | **$1,387** |

## Nearby Schools

- **Elementary:** Constance Lane Elementary School
- **Middle:** Abraham Lincoln Middle
- **High:** Rockford East High

## Property Highlights

- 3 parking spaces

## Description

### Agent 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. Property is being sold as a package deal along with 712 Seminary Street and 722 Seminary Street.

## Location

- **Address:** 718 Seminary, ROCKFORD, IL 61104
- **Coordinates:** 42.26027, -89.090143
- **Google Maps:** https://www.google.com/maps?q=42.26027,-89.090143

## Listing Agent

- **Name:** Jay Dowthard
- **Brokerage:** Gambino Realtors
- **Phone:** 8152897530
- **Email:** jaydowthard74@gmail.com

## Primary Photo

![718 Seminary - Primary Photo](http://lh.rdcpix.com/f78faac6846e8c82f245b45ec073d604l-f1694047770r.jpg)

*9 total photos available on [listing page](https://www.propertysimple.com/listing/718-seminary-rockford-il-61104-02601864)*

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**MLS#:** 202601864 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/718-seminary-rockford-il-61104-02601864)

---

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