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$275,000
Est. payment /mo
3 Beds
3 Baths
3,484 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12755899
Bedrooms 3
Year Built 1880
Annual Tax Amount $2,635
Tax Year 2025
Lot Size 3,484 Sqft
Lot Dimensions 39.5x93x39.5x93
Property Sub-Type Two to Four Units
Property Description
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!
Location
State IL
County Winnebago
Area Rockford
Rooms
Basement Partially Finished, Full
Interior
Heating Gas, Forced Air
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 205 , 205, 205
Others
Ownership Fee Simple
Special Listing Condition None
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© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Victor Tellez Drue of Realty of America, LLC
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