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 | Active |
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 | 7 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Realty of America, LLC |
|---|