501 Fairview Avenue, Rockford, IL 61108 - Photo 1

1/1

$219,000

Sold
Closed
Duplex
2,429 Sq. Ft.

1/1

Property Description

24 Hour Notice Required. Property is tenant-occupied. Property is being sold As-Is. Please use WCBA & NWIAR approved contract as required by judicial consent decree. Please use ShowingTime. Access information and instruction will be provided when showing is confirmed. Please use TrustFunds or EM made payable to Gambino Realtors. Please include property address on the memo line. Office License# 477012162. Look No Further! Fantastic opportunity to own this all-brick, ranch-style 2-family duplex situated on a spacious corner lot in a highly desirable location! Each unit has been thoughtfully updated with new bathtubs, tile, vanities, and toilets. You'll also find beautiful hardwood floors and eat-in kitchens with stylish tiled backsplashes. One unit features a finished lower level with a full bath-ideal for extra living space or additional rental income. This property is perfect for owner-occupants looking to offset their mortgage with rental income from the second unit, or for savvy investors seeking a solid addition to their portfolio. Additional Highlights: Separate basements for each unit. Attached garage. Expansive lot with plenty of outdoor space. Property is being sold As-Is. Don't miss out on this income-generating gem in a prime location!

Full Property Details

Full Property Details for 501 Fairview Ave

General

Sold For: $219,000
Taxes: $3,502 (2024)
Status: Closed
Type: Duplex
Source: 2606
MLS ID: 202503896
Added to Site: 194 day(s) ago

Interior

Appliances: Refrigerator, Stove/Cooktop

Parking

Total Spaces: 2

Location

Area: 73
County: Winnebago County
Subdivision: IL

School Information

School District: Rockford 205
Elementary School: Maud E Johnson Elementary
Middle School: Abraham Lincoln Middle
High School: Rockford East High

Heating & Cooling

Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Water Heater: Natural Gas

Utilities

Sewer: City
Water: City
Sep. Elec Meters: Yes

Structural Information

Architectural Style: 1 Story
Exterior Const.: Brick/Stone
Basement: Yes
Basement Desc.: Full
Roof: Shingle
Square Feet: 2,429
Year Built: 1958

Unit Information

Unit 1

Square Feet: 929
Total Bathrooms: 2
Bedrooms: 2

Unit 2

Square Feet: 1300
Total Bathrooms: 1
Bedrooms: 2

Lot Features

Zoning: R2

Financial Considerations

Price Per Sq. Ft.: $90.16
For Sale/Rent/Lease: For Sale
Tax Amount: $3,502
Tax Year: 2024

Disclosures and Reports

Legal Description: FAIRVIEW ACRES BNG SUB LYG IN PT NE 1/4 SEC 30-44-2 EXC E 8 FT FOR ST ALL N 45.5 FT E 183.8 FT LOT 063

Listed by Gambino Realtors
Sold by Key Realty, Inc

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— 501 Fairview Ave —

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Main: 815-282-2222

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Schools

Schools serving 501 Fairview Ave

School District:Rockford School District 205

Name	Grades	Distance
Maud E Johnson Elementary School 3805 Rural Street, Rockford, IL 61107	K-5	0.9 mi
Abraham Lincoln Middle School 1500 Charles Street, Rockford, IL 61104	6-8	1.5 mi
Rockford East High School 2929 Charles Street, Rockford, IL 61108	9-12	0.5 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 501 Fairview Ave

Date

Details

Price

Change

Source

8/06/2025

Sold

$219,000

—

MLS

7/07/2025

Listed

$219,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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501 Fairview Ave, Rockford, IL 61108 - Photo 1

Sold

$219,000