1415 5th Ave Rockford, IL 61104

Earnest money to be held at Title Underwriters on 124 N water St Rockford IL Please note that bottom unit is currently occupied by tenants. Showings require a minimum of 48 hours' notice for scheduling and will only be accommodated upon presentation of proof of funds or a pre-approval letter from a lender. We appreciate your cooperation in respecting the tenants' privacy and ensuring a smooth process for all parties involved. Contact the listing agent to arrange appointments accordingly. Explore a promising investment at 1415 5th Ave, Rockford, IL-a duplex offering steady income with room for value-add potential. The bottom unit is exceptionally clean and requires no immediate work, presenting a move-in-ready asset. The upper unit, while functional, offers an opportunity for cleanup and remodeling to boost rental rates and enhance overall value. Utilities are structured for efficiency: gas is shared, with the landlord billing tenants 50/50 monthly, while electric is separately metered and tenant-paid. Water, sewer, and garbage are currently covered by the landlord, providing flexibility to adjust terms for future profitability. Located in a dependable Rockford rental market, 1415 5th Ave combines stable tenancy with upside potential-an ideal prospect for investors seeking both income and growth. Owner Would entertain agreement for deed/Owner Financing with $40k down and $692.02/ month for three years with a balloon of $88465.19 after 3 years