BEDS3
BATHS3 full
MLS#12755899
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 205
Property Description
Income-producing mixed-use opportunity in Rockford's Midtown District! 602-608 7th Street features two (2) second-floor residential units that are already rented and generating a combined $1,800/month ($21,600 annually) in rental income. The main level offers two (2) commercial storefronts currently opened into one larger space and set up for a barbershop. The commercial space is ready for immediate use, giving a new owner the flexibility to operate their own business, lease the space for additional income, or reconfigure it for another concept. With established residential income, annual property taxes of just $2,635, and significant upside through the first-floor commercial space, this property offers a strong opportunity for an investor or owner-user. Bring your ideas and take advantage of the potential in Midtown Rockford!
Property Features
Property Type: Multi Unit - Multiple
Basement: Partially Finished, Full
Basement: Yes
Heating: Natural Gas, Forced Air
Lot Size: 0.08 Acres
Taxes: $2,635
Year Built: 1880
Feature Descriptions
Exterior: Brick
Lot Dimensions: 39.5x93x39.5x93
Parcel#: 1126283001
Sewer: Public Sewer
Total Rooms: 14
Township: Rockford
Water: Public
Local Schools
School District: District 205
Listed By / Shown By
Listed By
Agency Name: Realty of America, LLC
Agency Phone: 708-788-1900
Shown By
Agent Name: Tina Tendall and Amanda Clark
Agent Phone: (815) 623-5555
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 1,669.29 per month $1,362.24 Principal & Interest $219.58 Property Tax $87.47 Homeowner's Insurance
602 7th Street | MLS# 12755899
This multi-family property located at 602 7th Street, Rockford, IL 61104 is currently listed for sale with an asking price of $299,900. 7th Street is located within the District 205 school district. Search Rockford real estate on aclark.gogambino.com today.