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517 PALM Street, ROCKFORD, IL 61103

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517 PALM Street, ROCKFORD, IL 61103

$83,000

Multi-Family Home 4,776 square feet Taxes: $1,658.78 Year Built: 1901 Type: 5+ Units MLS #: 201705210

Description of 517 PALM Street, ROCKFORD, IL 61103

GREAT INVESTMENT OPPORTUNITY. POTENTIAL INCOME OF $3,100/MO. 6 UNITS TOTAL: 2-2 BEDROOM, 1 BATH & 4-1 BEDROOM, 1 BATH. MANY UPDATES INCLUDE: FRESH PAINT, NEW WINDOWS, NEW PATIO DOOR, 2 NEW WATER HEATERS, NEW FURNACE, SOME HAVE UPDATED KITCHEN AND BATHS. MOSTLY HARDWOOD FLOORS AND COMMERCIAL TILE. 5 REFRIGERATORS, 5 STOVES AND 5 MICROWAVES. VINYL SIDING AND FENCED YARD. SOLD AS-IS. TENANTS PAY COOKING GAS & ELECTRIC, OWNER PAYS WATER GARBAGE & GAS FOR FURNACES. ALL UNITS ARE MOVE-IN READY.

Features of 517 PALM Street, ROCKFORD, IL 61103

  • Elementary school: District 205-RFD
  • Middle school: District 205-RFD
  • High school: District 205-RFD
  • School district: Rockford 205
  • Units in building(s): 6
  • Tax year: 2016

Mortgage Payments for 517 PALM Street, ROCKFORD, IL 61103

The approximate monthly Principal & Interest payment for this property would be $493. This payment is based on a 30-year loan at a fixed rate of 3.95 % with a down payment of $8,300. Actual lender interest rates and loan programs may vary.

Use our Mortgage Payment Calculator to determine a more exact payment estimate, or contact a Mortgage Advisor for expert assistance.

Information is provided exclusively 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. ©Rockford Area Association of Realtors, Inc. All rights reserved.