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$128,500
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Property Description
All-Brick Duplex with Significant Income Potential. All-brick duplex offers two spacious 3-bedroom, 1-bath units at 1,322 sq. ft. each. Major systems have been updated, including a new roof in 2013, furnaces replaced in 2023 and 2024, maintenance-free vinyl windows and updated 100-amp electric breakers. The lower unit has been fully remodeled and is move-in ready, featuring new kitchen cabinets and countertops, an updated bathroom with a new mirror, sink, cabinet, toilet, and tiled tub surround, plus fresh paint and new carpeting throughout. This unit should command market rent of at least $900 per month. The upper unit has had a long-term tenant of 11 years and is currently rented at $565/month on a month-to-month basis-well below market rates. With some cosmetic updates, this unit presents a strong opportunity to increase rents to market levels, significantly boosting cash flow. Located just two blocks from Mid-Town and the 7th Street business district, this property offers convenience, stability, and strong investment potential.
Full Property Details
Full Property Details for 517 8th St
General
- Sold For: $128,500
- Taxes: $2,052 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12440216
- Added to Site: 162 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Exterior
- Exterior Features: Balcony
Location
- Area: Rockford
- County: Winnebago
- Driving Directions: 7TH ST & 4TH AVE, EAST TO 8TH ST, SOUTH TO ADDRESS
School Information
- School District: 205
- Midd School District: 205
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished, Full
- Foundation: Block
- Roof: Asphalt
- Year Built: 1900
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 50 x 50 x 65 x 65 x
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1900
- Tax Amount: $2,052.98
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 1126280022
Listed by Dickerson & Nieman Realtors - Rockford
Sold by Dickerson & Nieman Realtors - Rockford
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Schools
Schools serving 517 8th St
School District:Rockford School District 205
| Name | Grades | Distance |
|---|---|---|
Constance Lane Elementary School 620 Gregory Street, Rockford, IL 61104 | K-5 | 0.5 mi |
Abraham Lincoln Middle School 1500 Charles Street, Rockford, IL 61104 | 6-8 | 0.4 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 517 8th St
Date
Details
Price
Change
Source
10/09/2025
Sold
$128,500
-11.38%
MLS
8/07/2025
Listed
$145,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
517 8th Street, Rockford, IL 61104 (MLS# 12440216) is a Multi-Family property that was sold at $128,500 on October 09, 2025. Want to learn more about 517 8th 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.

