602 7th Street, Rockford, IL

$299,900

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3

Beds

0.08

Acres

About 602 7th Street

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!

Features of 602 7th Street

MLS® # 12755899
Price $299,900
Bedrooms 3
Bathrooms 0.00
Acres 0.08
Year Built 1880
Type Residential Income
Sub-Type Two to Four Units
Status New

Community Information

Address 602 7th Street
Area Rockford
City Rockford
County Winnebago
State IL
Zip Code 61104

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Natural Gas, Forced Air
Fireplace No
Has Basement Yes
Basement Partially Finished, Full

Exterior

Exterior Brick

School Information

District 205

Additional Information

Days on Market 1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRealty of America, LLC

Listing Map