602 7th Street Rockford, IL 61104
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!
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Listing Office: Realty of America, LLC
Listing Office Phone: 708-788-1900
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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