1507-09 16th Ave Rockford, IL 61109

The 2nd-floor unit is vacant and available for showings. View the other unit after the accepted contract. Submit offers only using the local NWIAR contract saved in Documents. Please turn off the lights, lock all doors, leave cards, and secure keys in the lockbox. EM Deposit to Tirle Underwriters Agency, BHHS Crosby Starck does not hold EM. Closings under 3 weeks require certified funds for EM; personal checks are not accepted. LOF#481.011334 CLICK ON THE VIDEO TOUR ICON ABOVE. Discover the perfect investment opportunity with this charming Early American brick duplex located at 1507-1509 16th Ave, Rockford, IL 61104. Featuring vintage woodwork throughout, each exceptionally spacious unit offers over 1,314 sq. ft. of comfortable living space. The second-floor unit boasts three bedrooms and private front and rear balconies, while the first-floor unit includes two bedrooms and a large, newly added rear deck (2024), ideal for relaxing or entertaining. Currently generating over $26,400 in gross annual income, with potential to exceed $32,000, this property is an ideal live-in investor setup. Recent updates include vinyl windows, furnaces, water heaters, and a first-floor unit equipped with central air conditioning for added comfort. Enjoy the convenience of separate utilities (owner pays water, sewer, and garbage) and ample parking with a newer 1.5-car garage plus a cement parking pad. Situated in Rockford's dynamic market-recognized by Forbes and The Wall Street Journal as one of the nation's hottest affordable housing areas-this duplex combines timeless character with strong income potential. Don't miss your chance to own a piece of this thriving community!