$145,000
Est. payment /mo
6 Beds
2 Baths
New
517 8TH ST Rockford, IL 61104
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Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12440216
Bedrooms 6
Year Built 1900
Annual Tax Amount $2,052
Tax Year 2024
Lot Dimensions 50X50X65X65X
Property Sub-Type Two to Four Units
Property Description
Wow- Check out this all brick duplex with ton of cash flow potential. Each unit is 3 bed, 1 bath and 1322 SF. Roof was done in 2013. Furnaces were replaced in 2023 & 2024. All windows are maintenance free vinyl windows. Electric has been upgraded to 100 amp breakers. Lower unit has new kitchen cabinets and countertops, the bath has a new bath mirror, sink, cabinet, toilet and tiled tub surround. Freshly painted and carpeted. Upper unit tenant has been there for 11 years. That unit would need some cosmetic repairs. Upper unit is month to month and rent is $565 since she has been there that long. Market rent should be $900 plus for lower unit. 2 blocks from Mid-town and 7th St. business district. Great cash flow property.
Location
State IL
County Winnebago
Area Rockford
Zoning MULTI
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Exterior Feature Balcony
Roof Type Asphalt
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 205 , 205, 205
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by Adam Guarino • Dickerson & Nieman Realtors - Rockford
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