Contact us: 563.441.1776
Description
Income-producing mixed-use opportunity in Rockford's Midtown District! 602-608 7th Street features two (2) second-floor residential units that are already rented and generating a combined $1,800/month ($21,600 annually) in rental income. The main level offers two (2) commercial storefronts currently opened into one larger space and set up for a barbershop. The commercial space is ready for immediate use, giving a new owner the flexibility to operate their own business, lease the space for additional income, or reconfigure it for another concept. With established residential income, annual property taxes of just $2,635, and significant upside through the first-floor commercial space, this property offers a strong opportunity for an investor or owner-user. Bring your ideas and take advantage of the potential in Midtown Rockford!
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 4,411
County: Winnebago
Listed By:
Realty of America, LLC
Rockford Board of Realtors
MLS ID: 202605722
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602 7th Street, Rockford, IL 61104.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $299,900 | $299,900 | $299,900 |
| Down Payment | $59,980 | $10,497 | $74,975 |
| Monthly Mortgage Amount | $1,516 | $1,861 | $1,883 |
| Taxes | $417 | $417 | $417 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $132 | $0 |
| Monthly Estimated Total | $2,033 | $2,510 | $2,400 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/10/2026. The listing information on this page last changed on 09/10/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 09/10/2026 12:12:37 AM EST) or MRED MLS (last updated Thu 09/10/2026 12:05:06 AM EST) or SCWMLS (last updated Wed 09/09/2026 11:55:07 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Wed 09/09/2026 10:18:18 PM EST) or Cedar Rapids MLS (last updated Wed 09/09/2026 10:45:10 PM EST) or NEIRBR MLS (last updated Thu 09/10/2026 12:08:44 AM EST) or ICAAR MLS (last updated Wed 09/09/2026 11:37:40 PM EST) or ECIMLS (last updated Wed 09/09/2026 11:44:37 PM EST) or RMLSA (last updated Thu 09/10/2026 12:11:00 AM EST) or Muscatine MLS (last updated Thu 09/10/2026 12:00:13 AM EST) or No Coast MLS (last updated Thu 09/10/2026 12:04:27 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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