602 7th St., Rockford, IL 61104

602 7th St., Rockford, IL 61104
Photo 1 of 22
$299,900
Beds Baths Sq. Ft. Taxes Built
3 0 $2,635 1880
On the market: 19 days

Est. Monthly Payment:

$2,016($1,796 + $220 taxes*)

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APPROVED
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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!
Listing courtesy of Victor Tellez Drue, Realty of America, LLC