BEDS5
BATHS2 full
MLS#12617968
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 205
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 annual income, with potential to exceed 32k, 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!
Property Features
Property Type: Multi Unit - Multiple
Basement: Partially Finished, Full
Basement: Yes
Garage: 1.5
Heating: Natural Gas
Home Style: American 4-Sq.
Lot Size: 0.20 Acres
Roof Type: Asphalt
Taxes: $2,344
Year Built: 1920
Feature Descriptions
Exterior: Vinyl Siding
Lot Dimensions: 57.22x158x57.22x158
Other Equipment: Ceiling Fan(s)
Parcel#: 1136110006
Parking: Garage Door Opener, Yes, Garage Owned, Detached, Garage
Sewer: Public Sewer
Total Rooms: 11
Township: Rockford
Water: Public
Local Schools
High School: Jefferson High School
Middle School: Abraham Lincoln Middle School
Elementary School: Beyer Elementary School
School District: District 205
Listed By / Shown By
Listed By
Agency Name: Berkshire Hathaway HomeServices Crosby Starck Real
Agency Phone: 815-397-4040
Shown By
Agency Title: Gambino Realtors
Agency Phone: 815-282-2222
Estimate Your Payment
Estimated Payment
$ 1,089.62 per month $840.33 Principal & Interest $195.33 Property Tax $53.96 Homeowner's Insurance
1509 16th Avenue | MLS# 12617968
This multi-family property located at 1509 16th Avenue , Rockford, IL 61104 is currently listed for sale with an asking price of $185,000. 16th Avenue is located within the District 205 school district. Search Rockford real estate on www.gogambino.com today.