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$313,000
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Property Description
**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!
Full Property Details
Full Property Details for 1607 Rural St
General
- Sold For: $313,000
- Taxes: $4,686 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12437228
- Added to Site: 166 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Additional Information
- Other Features: School Bus Service
Parking
- Garage: Yes
- Garage Spaces: 4
- Total Spaces: 4
- Parking Features: On Site, Garage Owned, Detached, Garage
- Parking On-Site: Yes
Location
- Area: Rockford
- County: Winnebago
- Driving Directions: West on E State St North on N Prospect St Left on Rural
School Information
- School District: 205
- Midd School District: 205
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished, Full
- Year Built: 1955
- Built Before 1978: Yes
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 72.8 x 72.8 x 150 x 150
Financial Considerations
- Assessment Year: 1955
- Tax Amount: $4,686
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 1124327002
Listed by Compass
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Schools
Schools serving 1607 Rural St
School District:Rockford School District 205
| Name | Grades | Distance |
|---|---|---|
C Henry Bloom Elementary School 2912 Brendenwood Road, Rockford, IL 61107 | K-5 | 1.1 mi |
Abraham Lincoln Middle School 1500 Charles Street, Rockford, IL 61104 | 6-8 | 0.7 mi |
Rockford East High School 2929 Charles Street, Rockford, IL 61108 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1607 Rural St
Date
Details
Price
Change
Source
9/04/2025
Sold
$313,000
0.97%
MLS
8/04/2025
Listed
$309,990
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1607 Rural Street, Rockford, IL 61107 (MLS# 12437228) is a Multi-Family property that was sold at $313,000 on September 04, 2025. Want to learn more about 1607 Rural Street? Do you have questions about finding other Multi-Family real estate for sale in Rockford? You can browse all Rockford real estate or contact a Coldwell Banker agent to request more information.


