304 N Independence Avenue Rockford, IL $ 289,900
304 N Independence Avenue
$ 289,900
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304 N Independence Avenue

Rockford, IL, 61101
$ 289,900
Bedrooms12 Baths4.0

Monthly Estimate*

$ 1,736

304 N Independence Avenue, Rockford, IL 61101 - Image 1
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304 N Independence Avenue, Rockford, IL 61101 - Image 12
304 N Independence Avenue, Rockford, IL 61101 - Image 13

Multi-Family Home for sale in Rockford, IL

for $289,900 with 12 bedrooms and 4 full baths. This home was built in 1923.

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.

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Multi-Family Active

Price

$ 289,900

Bedrooms

12

Full Bath

4

Property Type

Multi-Family

Taxes

$ 3,323

Style

Year Built

1923

Town/City

Rockford

County/Region

Winnebago

MLS | Web ID

12169826

Features
General
Sewer Public Sewer
Heating Natural Gas Electric
Possession Closing
Year Built 1923
Township Rockford
Tax Year 2022
Percent Ownership Fee Simple
Gross Income 3495
County Winnebago
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 12
Status New
Directions W State St to N Central Ave to Mulberry St to N Independence Ave
City Rockford
High School District 205
MLS Area Rockford
Waterfront Y/N N
Tax Annual Amount 3323
Additional Parcels Y/N N
Days on Market 3
Standard Status Active
Middle/Junior School District 205
Elementary School District 205
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Interior
Basement Partial Partially Finished
Total Bedrooms 12
Total Baths 4
Bedrooms Possible 12
Full Baths Building 4
Half Baths Building 0
Total Number of Units 4
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Exterior
Water Source Public
Total Parking 8
Lot Dimensions 4941 SQ FT
Exterior Vinyl Siding
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* Excluded Features
List By
Realty One Group Excel

Broker

anasfatani@gmail.com; fatanirealtor@gmail.com

Email

Affordability Calculator

$2,013
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,736
Monthly Property Taxes
$277
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566481 Elementary School
565127 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/21/2024$289,900 Listed Price

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304 N Independence Avenue, Rockford, IL, 61101 is a Multi-Family Home for sale at $289,900. 304 N Independence Avenue has 12 bedrooms, 4.0 baths, and was built in 1923. The property's zip code is 61101 which is in Rockford, IL