Residential Income for Sale: 304 N Independence, Rockford, IL 61101

12 beds
$289,900
$289,900
304 N Independence, Rockford, IL 61101
12 beds
$289,900
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Price:
$289,900

Type Residential Income
Beds 12
Year Built 1923

City Rockford
County Winnebago
School District 205

MLS 12169826
Status Active Under Contract
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.

Room Features

Basement Description Partially Finished

Lot & Building Features

Heating Electric, Natural Gas
Parking Description Space/s
Sewer Public Sewer
Tax Year 2022
Water Public
Lot Dimensions 4941 SQ FT ft

Community and Schools

Elementary School 205

Price History of 304 Independence, Rockford, IL

Date Name Price Difference
12/31/1969 Listing Price $289,900 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of The Fitzpatrick Team
Listed by Realty One Group Excel, Mohammad Fatani
$
20%
1%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

304 Independence (MLS #12169826) is a residential income listing located in Rockford, IL. This property was listed on 09/20/2024 and has been priced for sale at $289,900.

Nearby zip codes are 61102, 61103, 61104, 61107 and 61109. This property neighbors other cities such as Loves Park, Machesney Park and Winnebago.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Realty One Group Excel