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Listed by Victor Tellez • Realty of America, LLC
$ 299,900
Est. payment | /mo
3 Beds
4,411 SqFt
$ 299,900
Est. payment | /mo
3 Beds
4,411 SqFt
Key Details
Property Type Multi-Family
Sub Type 3 - 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,411 sqft
Price per Sqft $67
Subdivision Il
MLS Listing ID 202605722
Style 2 Story
Bedrooms 3
Annual Tax Amount $2,635
Tax Year 2025
Property Sub-Type 3 - 4 Units
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!
Location
State IL
Area Winnebago County
Interior
Hot Water Gas
Heating Forced Air, Natural Gas
Cooling Central Air, Window Unit
Exterior
Exterior Feature Brick/Stone
Roof Type Rubber
Building
Sewer City
Water City
Schools
Elementary Schools C Henry Bloom Elementary
Middle Schools Abraham Lincoln Middle
High Schools Rockford East High
School District Rockford 205