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$ 299,990
Est. payment | /mo
4 Beds
$ 299,990
Est. payment | /mo
4 Beds
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12302843
Bedrooms 4
Year Built 1955
Annual Tax Amount $4,686
Tax Year 2023
Lot Dimensions 72.8X72.8X150X150
Property Sub-Type Two to Four Units
Property Description
This well-maintained, income-generating brick 4-unit building at 1607 Rural St, Rockford, IL is a fantastic investment opportunity. Each spacious 1-bedroom unit features a combined living and dining area, an eat-in kitchen, and ample storage. The property includes a 4-car garage with overhead doors, which had a new roof installed in 2018, as well as a divided basement, providing separate utilities, individual storage, and laundry hookups for each unit. Security entry doors at both the front and back add an extra layer of safety. Three of the four units have been updated, with one featuring central air while the remaining tenants use window A/C units. The landlord covers water, sewer, and garbage, making management straightforward. With proven, reliable tenants and a property that reflects pride of ownership, this is a turnkey investment with steady cash flow. Don't miss out-schedule a showing today! One unit vacant and in the process of being leased. Property SOLD AS-IS
Location
State IL
County Winnebago
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Garage Spaces 4.0
View Y/N true
Building
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 205, 205, 205
Others
Ownership Fee Simple
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Todd Klein • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "