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  • $313,000

    1607 Rural St, Rockford, IL 61107

    4beds
    --sqft
    Multi Family
    Built in 1955
    -- sqft lot
    $310,800 Zestimate®
    $--/sqft
    $1,221 Estimated rent

    Home value

    $310,800

    $295,000 - $326,000

    $1,221/mo

    Zestimate® history
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    $1,221/mo

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    $1,221/mo

    Rent Zestimate®

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    $2,235/mo

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    $2,235/mo

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    What's special

    **Prime Investment Opportunity - Cash Flow from Day One!** Unlock the potential of this well-maintained, income-producing **brick 4-unit building** at **1607 Rural St, Rockford, IL**-perfect for both seasoned investors and those looking to jumpstart their portfolio. Each **spacious 1-bedroom unit** offers a functional layout with combined living/dining space, eat-in kitchens, and generous storage. The **divided basement** includes separate utilities, laundry hookups, and individual storage for each tenant-**a rare and valuable feature.** A **4-car garage** with overhead doors (new roof in 2018) adds extra rental income or owner storage options. Security entry doors at the front and rear provide added peace of mind. **Three of the four units have been updated**, and **one unit is vacant and ready for new tenants**, giving buyers immediate upside potential. One unit features central air; others use window A/Cs. The landlord currently covers water, sewer, and garbage, keeping things simple from a property management perspective. With **strong rental history and dependable tenants**, this is a **turnkey investment** offering **stable cash flow and minimal hassle**.Sold AS-IS. Schedule your showing today and start collecting tomorrow!

    Zillow last checked: 8 hours ago

    Listing updated: September 06, 2025 at 10:56am

    Listing courtesy of:

    Todd Klein 847-609-8633,

    Compass

    Bought with:

    Marylou Mares

    Coldwell Banker Realty

    Source: MRED as distributed by MLS GRID,MLS#: 12437228MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Natural Gas, Forced Air
    Features
    • Basement: Unfinished,Full

    Property

    Parking
    • Total spaces: 4
    • Parking features: On Site, Garage Owned, Detached, Garage
    • Garage spaces: 4
    Lot
    • Dimensions: 72.8X72.8X150X150
    Details
    • Parcel number: 1124327002
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1955

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Rockford

    Other

    Other facts
    • Listing terms: Cash
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    9/4/2025Sold$313,000+1%
    Source: MRED as distributed by MLS GRID #12437228
    8/10/2025Contingent$309,990
    Source: MRED as distributed by MLS GRID #12437228
    8/4/2025Listed for sale$309,990+3.3%
    Source: MRED as distributed by MLS GRID #12437228
    8/4/2025Listing removed$299,990
    Source: MRED as distributed by MLS GRID #12302843
    7/18/2025Contingent$299,990
    Source: MRED as distributed by MLS GRID #12302843

    Public tax history

    YearProperty taxesTax assessment
    2023$4,686 +1.7%$45,125 +11.9%
    2022$4,608 $40,333 +9.1%
    2021-- $36,983 +5.8%

    Find assessor info on the county website

    Neighborhood: Jackson Oaks

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: 205

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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