1609 17th Avenue, Rockford, IL

About 1609 17th Avenue

This well maintained, income generating all brick 4-unit property is an excellent investment! New ROOF 2025, ($40,000) full remodel of one unit, pictured, excellent opportunity for a live in owner! Each unit features a spacious living room, dining room, space for a table in the kitchen, each unit has 2 bedrooms, one bath. Charming 1920's style, wood trim. Remodeled front and back halls while maintaining the charm of the original woodwork. Remodeled unit (2E) has ALL NEW Windows ($10,000), new bathroom vanity, toilet, floor, medicine cabinet, light fixture. All floors have been refinished, new carpeting in bedrooms new vinyl in kitchen ($5,000). Kitchen has high end cabinets, new countertops, backsplash stove and fridge. The location across from the park reduces neighbors and makes for lovely views and green space! New patios on all four units 2022 ($15,000), new boiler in 2018 ($15,000), Updated flooring, and painted cabinets in kitchen and baths (2022, Aprx - $3500 per unit). Many other updates and improvements! Landlord covers water, sewage, garbage and gas for the boiler heat. Tenants pay electric and cooking gas. Units rent for $700, $755, and $800. Remodeled unit rented for $1150 (vacant now for showing). With three proven, reliable, tenants, and a property that reflects pride of ownership, this is a turnkey investment with steady cash flow. Unit 1E will be left vacant for showings. New countertops and cabinets in unit 1W. New fridge in unit 1E. HUGE basement with tons of potential, a workshop space exists and storage stalls. Opportunity to rent storage to tenants. Schedule a showing today, this will go fast! Property sold AS-IS. Owner is a licensed real estate agent.

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