Rockford, IL 61104,517 8TH Street
Rockford, IL 61104,517 8TH Street
Rockford, IL 61104,517 8TH Street
11
Listed by Adam Guarino • DICKERSON & NIEMAN
Bought with Felicia Esmond • DICKERSON & NIEMAN
$128,500
$145,000
11.4%
Est.Price: ?

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6 BD
2,644 SqFt

517 8TH Street Rockford, IL 61104

Est. payment /mo
SOLD DATE : 10/09/2025

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Key Details

Sold Price $128,500

Property Type Multi-Family

Sub Type 2 Units

Listing Status Sold

Purchase Type For Sale

Square Footage 2,644 sqft

Price per Sqft $48

Subdivision Il

MLS Listing ID 202504725

Sold Date 10/09/25

Style 2 Story

Bedrooms 6

Annual Tax Amount $2,052

Tax Year 2024

Property Sub-Type 2 Units

Property Description

All-Brick Duplex with Significant Income Potential. All-brick duplex offers two spacious 3-bedroom, 1-bath units at 1,322 sq. ft. each. Major systems have been updated, including a new roof in 2013, furnaces replaced in 2023 and 2024, maintenance-free vinyl windows and updated 100-amp electric breakers. The lower unit has been fully remodeled and is move-in ready, featuring new kitchen cabinets and countertops, an updated bathroom with a new mirror, sink, cabinet, toilet, and tiled tub surround, plus fresh paint and new carpeting throughout. This unit should command market rent of at least $900 per month. The upper unit has had a long-term tenant of 11 years and is currently rented at $565/month on a month-to-month basis—well below market rates. With some cosmetic updates, this unit presents a strong opportunity to increase rents to market levels, significantly boosting cash flow. Located just two blocks from Mid-Town and the 7th Street business district, this property offers convenience, stability, and strong investment potential.

Location

State IL

County Winnebago County

Area 71

Interior

Hot Water Gas

Heating Forced Air, Natural Gas

Cooling None

Exterior

Exterior Feature Brick/Stone

Roof Type Shingle

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

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Dan Spranger

Dan Spranger

Agent | License ID: 475191430

+1(815) 378-3478

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