515 Grove Street Rockford, IL $ 190,000
515 Grove Street
$ 190,000
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515 Grove Street

Rockford, IL, 61104
$ 190,000
Baths0.0 Sq 2,141

Monthly Estimate*

$ 1,170

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Studio

Multi-Family Home for sale in Rockford, IL

for $190,000. This home is 2,141 square feet.

Beautifully restored two-family located in the desirable Haight Village Historic District! This well-maintained investment property features numerous updates, including newer electric, plumbing, and heating systems, along with a new roof and central air added to both units. The exterior has been recently painted and rear steps have been completely rebuilt, while both units have been refreshed inside, offering clean, updated living spaces for tenants. Property includes separate utilities for each unit, along with lower-level laundry and additional storage, making management efficient and tenant-friendly. Driveway plus on-street parking provides convenient options for tenants. Fully rented with strong, stable income, lower unit at $1,150/month and upper unit at $1,000/month, both on year-long leases. Ideally located close to downtown Rockford, offering easy access to shopping, dining, entertainment, and nightlife. Excellent opportunity for investors seeking a turnkey, income-producing property in a historic and desirable location. Don’t miss this opportunity! Fireplace never used by current owner, fireplace sold as is.

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Multi-Family Active

Price

$ 190,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,265

Style

2 Story

Town/City

Rockford

County/Region

Winnebago

MLS | Web ID

202602228

Features
General
Sewer City
Heating Forced Air
Cooling Central Air
Utilities 0
Possession Closing
Roof Shingle
Water City
Water Heater Gas
Electric Circuit Breaker
Style 2 Story
Class MULTIFAMILY
Type 2 Units
Parcel Number 1126134006
HUD No
Tax Year 2025
Basement Type Full
Status ACTIVE and AVAILABLE
Subdivision IL
Sale/Rent For Sale
Status Detail 0
Short Sale No
Primary City Rockford
Year Built 1900
High School District 205-RFD
City ROCKFORD
Taxes 2265
School District Rockford 205
Elementary School District 205-RFD
Middle School District 205-RFD
Legal Description PER TITLE
DOM 2
Postal Code 61104
Price Per Sq Ft Total AG 88.74
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Exterior
Exterior Wood
Parking Spaces 0
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Interior
# of Units 2
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* Excluded Features
List By
Bobby Walsh

Listing Agent

Dickerson & Nieman

Broker

bobbyw@dickersonnieman.com

Email

Affordability Calculator

$1,359
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,170
Monthly Property Taxes
$189
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2138254 Elementary School
2138301 Middle School
District 205-RFD High School High School
Pricing History
DatePricePrice ChangeDescription
4/22/2026$190,000 Listed Price

Map


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515 Grove Street, Rockford, IL, 61104 is a Multi-Family Home for sale at $190,000 with 2,141 sqft. 515 Grove Street is a studio with 0.0 baths. The property's zip code is 61104 which is in Rockford, IL