IL
Winnebago
Rockford
61104
517 8TH Street
517 8TH Street, Rockford, IL 61104
Share Listing
Listing Type
Multi Family
Listing Status
pending
11
$145,000

Home Details for 517 8TH Street

Price
$145,000
Type
Residential Income
Bedrooms
6
Bathrooms
2.0
Square feet
NaN
Year built
1900
County
Winnebago
Total rooms
10
Garage
Basement
Unfinished, Full
Days on site
48
MLS Listing#
12440216
Property Description

All-Brick Duplex with Significant Income Potential. All-brick duplex offers two spacious 3-bedroom, 1-bath units at 1,322 sq. ft. each. Major systems have been updated, including a new roof in 2013, furnaces replaced in 2023 and 2024, maintenance-free vinyl windows and updated 100-amp electric breakers. The lower unit has been fully remodeled and is move-in ready, featuring new kitchen cabinets and countertops, an updated bathroom with a new mirror, sink, cabinet, toilet, and tiled tub surround, plus fresh paint and new carpeting throughout. This unit should command market rent of at least $900 per month. The upper unit has had a long-term tenant of 11 years and is currently rented at $565/month on a month-to-month basis-well below market rates. With some cosmetic updates, this unit presents a strong opportunity to increase rents to market levels, significantly boosting cash flow. Located just two blocks from Mid-Town and the 7th Street business district, this property offers convenience, stability, and strong investment potential.

Property Features
  • Basement
    • Unfinished
    • Full
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
Listing Courtesy: Dickerson & Nieman Realtors - Rockford - 815-227-5900
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2025-09-03 20:17:11. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-09-03 20:17:11
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Midwest Real Estate Data.
EXIT REALTY REDEFINED - MAURER GROUP
4174 N. Perryville Rd, Loves Park, IL 61111
Office
815 977 7411
Request more details
Code: