Rockford IL Multi Family for Sale
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- 12
- Year built:
- 1923
- Baths:
- 4.00
- MLS#:
- 12169826
View additional info
Courtesy: Realty One Group Excel
630-239-7400
ADDITIONAL INFORMATION
Attention Investors! Exceptional opportunity awaits at 304 N Independence Ave, Rockford, IL! Discover this expansive 2-story fourplex, a gem for savvy investors seeking a high-potential, low-maintenance property. This 4-unit offers immediate rental income and significant growth potential. Each unit is thoughtfully designed with three spacious bedrooms and one well-appointed bathroom. Enjoy the modern touch of luxury laminate wood floors throughout, complemented by freshly painted walls. The beautifully updated kitchens feature stylish cabinets, ample counter space, and all necessary appliances, ensuring a delightful experience for tenants. Rents are also below market. Each unit's generous layout ensures ample space for tenants to live and thrive. Additional highlights include a full basement providing extra storage or potential for further development, a double lot with an expansive additional lot at the back perfect for outdoor activities or future enhancements, and a prime location wonderfully situated on a corner lot next to Lewis Lemon Elementary School, making it an ideal home for families with young children. The property features separate utilities for each unit, simplifying management and billing, and includes all appliances, ensuring a seamless move-in experience for tenants. This property is visibly and strategically located, offering convenience and appeal. It's an excellent investment for those looking to expand their portfolio with a property that promises ease of maintenance and strong rental demand.
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Rockford Real Estate
The median home value in Rockford, IL is $84,100. This is lower than the county median home value of $106,200. The national median home value is $219,700. The average price of homes sold in Rockford, IL is $84,100. Approximately 49.2% of Rockford homes are owned, compared to 39.67% rented, while 11.13% are vacant. Rockford real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Rockford real estate agent to arrange a tour today!
Rockford, Illinois 61101 has a population of 148,640. Rockford 61101 is less family-centric than the surrounding county with 24.4% of the households containing married families with children. The county average for households married with children is 27.29%.
The median household income in Rockford, Illinois 61101 is $41,991. The median household income for the surrounding county is $51,110 compared to the national median of $57,652. The median age of people living in Rockford 61101 is 36.5 years.
Rockford Weather
The average high temperature in July is 84.5 degrees, with an average low temperature in January of 13.5 degrees. The average rainfall is approximately 36.5 inches per year, with 36.7 inches of snow per year.