Rockford, IL 61104,517 8TH Street
Rockford, IL 61104,517 8TH Street
Rockford, IL 61104,517 8TH Street
Rockford, IL 61104,517 8TH Street
Rockford, IL 61104,517 8TH Street
Rockford, IL 61104,517 8TH Street
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Listed by Adam Guarinoof Dickerson & Nieman Realtors - Rockford
Bought with Felicia Esmond of Dickerson & Nieman Realtors - Rockford

$128,500

$145,000

11.4%
Est.Price: ?

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Est. payment /mo

6 Beds


SOLD DATE : 10/09/2025

Key Details

Sold Price $128,500

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12440216

Sold Date 10/09/25

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

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

Zoning MULTI

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas

Fireplace N

Exterior

Exterior Feature Balcony

View Y/N true

Roof Type Asphalt

Building

Foundation Block

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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