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+16083611700
Real Estate Company
602 7th, Rockford, IL 61104
- $299,900
Courtesy of Realty of America, LLC.
- List Price
- $299,900
- Status
- ACTIVE AND AVAILABLE
- Days on Market
- 27
- MLS#
- 202605722
Property Description
Income-producing mixed-use opportunity in Rockfordâs 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!
Additional Information
- Heating
- Forced Air, Natural Gas
- Air Conditioning
- Central Air, Window Unit
- Roof
- Rubber
- School District
- Rockford 205
- Middle School
- Abraham Lincoln Middle
- High School
- Rockford East High