1507-09 16th Avenue Rockford, IL 61109 • Multi Unit - Multiple • Active $185,000

Description

Discover the perfect investment opportunity with this charming Early American brick duplex located at 1507-1509 16th Ave, Rockford, IL 61104. Featuring vintage woodwork throughout, each exceptionally spacious unit offers over 1,314 sq. ft. of comfortable living space. The second-floor unit boasts three bedrooms and private front and rear balconies, while the first-floor unit includes two bedrooms and a large, newly added rear deck (2024), ideal for relaxing or entertaining. Currently generating over $26,400 in gross annual income, with potential to exceed $32,000, this property is an ideal live-in investor setup. Recent updates include vinyl windows, furnaces, water heaters, and a first-floor unit equipped with central air conditioning for added comfort. Enjoy the convenience of separate utilities (owner pays water, sewer, and garbage) and ample parking with a newer 1.5-car garage plus a cement parking pad. Situated in Rockford's dynamic market-recognized by Forbes and The Wall Street Journal as one of the nation's hottest affordable housing areas-this duplex combines timeless character with strong income potential. Don't miss your chance to own a piece of this thriving community!

Property Highlights