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Listed by Adam Guarino • DICKERSON & NIEMAN
$ 145,000
Est. payment | /mo
6 Beds
2,644 SqFt
$ 145,000
Est. payment | /mo
6 Beds
2,644 SqFt
Key Details
Property Type Multi-Family
Sub Type 2 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,644 sqft
Price per Sqft $54
Subdivision Il
MLS Listing ID 202504725
Style 2 Story
Bedrooms 6
Annual Tax Amount $2,052
Tax Year 2024
Property Sub-Type 2 Units
Property Description
All-Brick Duplex with Significant Income Potential. All-brick duplex offers two spacious 3-bedroom, 1-bath units at 1,322 sq. ft. each. Major systems have been updated, including a new roof in 2013, furnaces replaced in 2023 and 2024, maintenance-free vinyl windows and updated 100-amp electric breakers. The lower unit has been fully remodeled and is move-in ready, featuring new kitchen cabinets and countertops, an updated bathroom with a new mirror, sink, cabinet, toilet, and tiled tub surround, plus fresh paint and new carpeting throughout. This unit should command market rent of at least $900 per month. The upper unit has had a long-term tenant of 11 years and is currently rented at $565/month on a month-to-month basis—well below market rates. With some cosmetic updates, this unit presents a strong opportunity to increase rents to market levels, significantly boosting cash flow. Located just two blocks from Mid-Town and the 7th Street business district, this property offers convenience, stability, and strong investment potential.
Location
State IL
County Winnebago County
Area 71
Interior
Hot Water Gas
Heating Forced Air, Natural Gas
Cooling None
Exterior
Exterior Feature Brick/Stone
Roof Type Shingle
Building
Sewer City
Water City
Schools
Elementary Schools C Henry Bloom Elementary
Middle Schools Abraham Lincoln Middle
High Schools Rockford East High
School District Rockford 205
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