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$ 185,000
Est. payment /mo
New
1507-09 16th Avenue Rockford, IL 61109
2,628 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,628 sqft
Price per Sqft $70
Subdivision Il
MLS Listing ID 202602018
Style 2 Story
Annual Tax Amount $2,344
Tax Year 2024
Property Sub-Type 2 Units
Property Description
Discover the perfect investment opportunity with this charming Early American brick duplex located at 1507-1509 16th Ave, Rockford, IL 61104. Featuring vintage woodwork throughout, each exceptionally spacious unit offers over 1,314 sq. ft. of comfortable living space. The second-floor unit boasts three bedrooms and private front and rear balconies, while the first-floor unit includes two bedrooms and a large, newly added rear deck (2024), ideal for relaxing or entertaining. Currently generating over $26,400 in gross annual income, with potential to exceed $32,000, this property is an ideal live-in investor setup. Recent updates include vinyl windows, furnaces, water heaters, and a first-floor unit equipped with central air conditioning for added comfort. Enjoy the convenience of separate utilities (owner pays water, sewer, and garbage) and ample parking with a newer 1.5-car garage plus a cement parking pad. Situated in Rockford's dynamic market—recognized by Forbes and The Wall Street Journal as one of the nation's hottest affordable housing areas—this duplex combines timeless character with strong income potential. Don't miss your chance to own a piece of this thriving community!
Location
State IL
Area Winnebago County
Rooms
Basement Full
Interior
Hot Water Gas
Heating Forced Air, Natural Gas
Cooling Central Air
Exterior
Exterior Feature Brick/Stone
Garage Spaces 5.0
Roof Type Shingle
Building
Sewer City
Water City
Schools
Elementary Schools Constance Lane Elementary School
Middle Schools Abraham Lincoln Middle
High Schools Jefferson High
School District Rockford 205
Others
Virtual Tour https://media.clearskyimagery.com/idx/313461
Listed by Berkshire Hathaway HomeServices Crosby Starck RE