517 8th St., Rockford, IL 61104

517 8th St., Rockford, IL 61104
Photo 1 of 11
$145,000
Beds Baths Sq. Ft. Taxes Built
6 0.00 0 $2,052.98 1900
On the market: 34 days

Est. Monthly Payment:

$1,039($868 + $171 taxes*)

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View full details, 15 photos, school info, and price history
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.
Listing courtesy of Adam Guarino, Dickerson & Nieman Realtors - Rockford