1010-1012 40th Avenue

Rockford, IL 61109

$155,000
Price
4
Beds
2
Baths
1,400 Sq. Ft.
$111 / Sq. Ft.
1,400
Sq. Ft.
$111
per Sq. Ft.

Description

Great investment opportunity! Ideal location close to airport and highway access! Left unit has been renovated. Right unit has long term tenant 10+ years at below market rent but can be changed especially if you update the right unit like the left. Newer roof and windows throughout. Positive cash flow every month. 2 bedroom units with 1 bath and large garage.Great investment opportunity! Ideal location close to airport and highway access! Left unit has been renovated. Right unit has long term tenant 10+ years at below market rent but can be changed especially if you update the right unit like the left. Newer roof and windows throughout. Positive cash flow every month. 2 bedroom units with 1 bath and large garage.
  1. Listed by Carlos Serna • Century 21 Affiliated
    P: (815)-397-7700 C: (815)-262-3919 sernarealty@gmail.com

Property Details for 1010-1012 40th Avenue

Style
1 Story
Total # of Parking Spaces
2
LISTING UPDATED: 11/19/2024 04:47 PM

Property Details for 1010-1012 40th Avenue

StatusActive And Available
MLS #202406565
Days on Market36
Taxes$1,656 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2 Units
Year Built1950
Lot Size-
CountyWinnebago County

Building Information for 1010-1012 40th Avenue

Stories1Residences2Year Built1950Building Size-Lot Size-

Property Information for 1010-1012 40th Avenue

Summary
Location and General Information
  • Grid: 91
  • City: ROCKFORD
  • State: IL
  • Zip: 61109
  • Address: 1010-1012 40th Avenue
  • County: Winnebago County
  • Zip Code: 61109
  • Year Built: 1950
  • School District: Rockford 205
  • Elementary School 1: Riverdahl Elementary
  • Middle School: Rockford Enviromental Science Academy
  • High School: Jefferson High
Taxes and HOA
  • Tax Year: 2023
  • Taxes: $1,656
Property
Lot Information
  • Est Below Grade Fin SqFt: 0
  • Est Total Finished Sq. Ft.: 1400
  • Est Above Grade SqFt: 1400
Property and Assessments
  • Class: MULTIFAMILY
  • Type: 2 Units
Utilities
  • Water: City
  • Sewer: City
  • Electric: Circuit Breaker
  • Separate Utilities: Yes
  • Separate Electric Y/N: Yes
  • Separate Water Y/N: No
Interior and Exterior Features
Exterior Features
  • Exterior: Siding
  • General Features: Laundry in Unit, Main Floor Primary, None
  • Roof: Shingle
Interior Features
  • Water Heater: Gas
  • Heating: Forced Air, Natural Gas
  • Cooling: None
  • Appl Stay/Incl: Refrigerator, Stove/Cooktop
  • Basement Y/N: No
  • Separate Heat Y/N: Yes
  • Washer/Dryer CoinOp Y/N: No
  • Washer/Dryer Hookup Y/N: Yes
  • Washer/Dryer Y/N: No
Multi Family
Income and Expenses
  • Insurance/YR: $2,500
  • Maintenance/YR: $0
  • Management/YR: $1,770
  • Utilities/YR: $0
  • Legal/Account/YR: 0
  • Other/YR: 0
Multi Family Information
  • Number of Floors in Bldg: 1
  • Number of Tenants in Bldg: 2
  • Number of Units: 2
Unit 1
  • Unit 1 Range: Yes
  • Unit 1 Garage Capacity: 0
  • Unit 1 # Beds: 2
  • Unit 1 AC: n
  • Unit 1 Refrigerator: No
  • Unit 1 # Rooms: 5
  • Unit 1 # Baths: 1
  • Unit 1 Heat: 1
  • Unit 1 SqFt: 700
  • Unit 1 Lease/Deposit: 625
  • Unit 1 Rent: 660
Unit 2
  • Unit 2 Range: Yes
  • Unit 2 Garage Capacity: 0
  • Unit 2 # Beds: 2
  • Unit 2 AC: n
  • Unit 2 Refrigerator: Yes
  • Unit 2 # Rooms: 5
  • Unit 2 # Baths: 1
  • Unit 2 Heat: 1
  • Unit 2 SqFt: 700
  • Unit 2 Lease/Deposit: 0
  • Unit 2 Rent: 870
Rental
Rent Information
  • Lease: No

Property History for 1010-1012 40th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1010-1012 40th Avenue

This home is within Rockford School District 205.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Riverdahl Elementary School
PublicK to 5

Rockford Envrnmntl Science Academy
Public6 to 8

Jefferson High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1010-1012 40th Avenue is a multi-family home for sale in Rockford, IL 61109. This property was listed for sale on November 19, 2024 by Century 21 Affiliated, it's currently listed at $155,000. It has been on the market for a total of 36 days and was last sold on October 21, 2022. This listing's school district is Rockford School District 205. Nearby schools include Riverdahl Elementary School, Rockford Envrnmntl Science Academy and Jefferson High School. 1010-1012 40th Avenue is a 4-bed, 2-bath, 1,400 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Affiliated

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/19/2024 04:47 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.