515 Grove Street, Rockford, IL 61104

$190,000
  • 515 Grove Street, Rockford, IL 61104 Main Photo

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New to the Market Active
BEDS0 BATHS SQUARE FEET2,141 MLS#202602228
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLRockford 205

Property Description

Beautifully restored two-family located in the desirable Haight Village Historic District! This well-maintained investment property features numerous updates, including newer electric, plumbing, and heating systems, along with a new roof and central air added to both units. The exterior has been recently painted and rear steps have been completely rebuilt, while both units have been refreshed inside, offering clean, updated living spaces for tenants. Property includes separate utilities for each unit, along with lower-level laundry and additional storage, making management efficient and tenant-friendly. Driveway plus on-street parking provides convenient options for tenants. Fully rented with strong, stable income, lower unit at $1,150/month and upper unit at $1,000/month, both on year-long leases. Ideally located close to downtown Rockford, offering easy access to shopping, dining, entertainment, and nightlife. Excellent opportunity for investors seeking a turnkey, income-producing property in a historic and desirable location. Don't miss this opportunity!

515 Grove Street | MLS# 202602228

This multi-family property located at 515 Grove Street, Rockford, IL 61104 is currently listed for sale with an asking price of $190,000. Grove Street is located within the Rockford 205 school district. Search Rockford real estate on aclark.gogambino.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Forced Air
Home Style: 2 Units
Roof Type: Shingle
Taxes: $2,265

Appliances

Refrigerator
Oven

Feature Descriptions

Exterior: Wood
Separate Utilities: Yes
Sewer: City
Water: City

Local Schools

School District: Rockford 205

Listed By / Shown By

Listed By

Agency Name: DICKERSON & NIEMAN

Shown By

Agent Name: Tina Tendall and Amanda Clark
Agent Phone: (815) 623-5555
Agency Title: Gambino Realtors

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Estimated Payment

$ 1,107.21 per month $863.04 Principal & Interest $188.75 Property Tax $55.42 Homeowner's Insurance

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