$ 289,900
304 N Independence Avenue Rockford, IL 61101
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$ 289,900
Est. payment | /mo
12 Beds
$ 289,900
Est. payment | /mo
12 Beds
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12169826
Bedrooms 12
Year Built 1923
Annual Tax Amount $3,323
Tax Year 2022
Lot Dimensions 4941 SQ FT
Property Description
Attention Investors! Exceptional opportunity awaits at 304 N Independence Ave, Rockford, IL! Discover this expansive 2-story fourplex, a gem for savvy investors seeking a high-potential, low-maintenance property. This 4-unit offers immediate rental income and significant growth potential. Each unit is thoughtfully designed with three spacious bedrooms and one well-appointed bathroom. Enjoy the modern touch of luxury laminate wood floors throughout, complemented by freshly painted walls. The beautifully updated kitchens feature stylish cabinets, ample counter space, and all necessary appliances, ensuring a delightful experience for tenants. Rents are also below market. Each unit's generous layout ensures ample space for tenants to live and thrive. Additional highlights include a full basement providing extra storage or potential for further development, a double lot with an expansive additional lot at the back perfect for outdoor activities or future enhancements, and a prime location wonderfully situated on a corner lot next to Lewis Lemon Elementary School, making it an ideal home for families with young children. The property features separate utilities for each unit, simplifying management and billing, and includes all appliances, ensuring a seamless move-in experience for tenants. This property is visibly and strategically located, offering convenience and appeal. It's an excellent investment for those looking to expand their portfolio with a property that promises ease of maintenance and strong rental demand.
Location
State IL
County Winnebago
Rooms
Basement Partial
Interior
Heating Natural Gas, Electric
Fireplace N
Exterior
Waterfront false
View Y/N true
Building
Sewer Public Sewer
Water Public
New Construction false
Schools
School District 205, 205, 205
Others
Ownership Fee Simple
Special Listing Condition None
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Mohammad Fatani • Realty One Group Excel
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "