BEDS0
BATHS
SQUARE FEET4,411
MLS#202605722
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLRockford 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
Cooling: Central Air, Window Unit
Heating: Forced Air, Natural Gas
Home Style: 3 - 4 Units
Roof Type: Rubber
Taxes: $2,635
Appliances
Refrigerator
Stove/Cooktop
Feature Descriptions
Exterior: Brick/Stone
General Features: Deck, On Bus Route, Storage Area
Separate Utilities: Yes
Sewer: City
Water: City
Local Schools
School District: Rockford 205
Listed By / Shown By
Listed By
Agency Name: Realty of America, LLC
Shown By
Agency Title: Gambino Realtors
Agency Phone: 815-282-2222
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# 202605722
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 Rockford 205 school district. Search Rockford real estate on www.gogambino.com today.