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$ 119,900
Est. payment /mo
Pending
1415 5th Avenue Rockford, IL 61104
1,782 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 Units
Listing Status Pending
Purchase Type For Sale
Square Footage 1,782 sqft
Price per Sqft $67
Subdivision Il
MLS Listing ID 202601682
Style 2 Story
Annual Tax Amount $1,715
Tax Year 2024
Property Sub-Type 2 Units
Property Description
Check out this investment opportunity at 1415 5th Ave in Rockford, IL. This duplex offers steady rental income with room to increase value. The lower unit is clean and move-in ready with no work needed. Tenant in place now with a month to month lease. The upper unit could benefit from updates, giving you a chance to raise rent and improve overall value. Utilities are set up efficiently: gas is split 50/50 between tenants, electric is separately metered and paid by tenants, and the landlord currently covers water, sewer, and garbage—leaving room to adjust for better returns. Located in a solid rental area, this property offers both reliable income and future growth potential.
Location
State IL
Area Winnebago County
Interior
Hot Water Gas
Heating Forced Air, Natural Gas
Cooling None
Exterior
Exterior Feature Siding, Vinyl
Roof Type Shingle
Building
Sewer City
Water City
Schools
Elementary Schools Constance Lane Elementary School
Middle Schools Abraham Lincoln Middle
High Schools Rockford East High
School District Rockford 205
Listed by Smart Home Realty