1415 5th Ave Rockford, IL 61104
Midtown District NeighborhoodEstimated payment $774/month
About This Home
Check out this investment opportunity at 1415 5th Ave in Rockford, IL. This duplex offers steady rental income with room to increase value. The lower unit is clean and move-in ready with no work needed. Tenant in place now with a month to month lease. The upper unit could benefit from updates, giving you a chance to raise rent and improve overall value. Utilities are set up efficiently: gas is split 50/50 between tenants, electric is separately metered and paid by tenants, and the landlord currently covers water, sewer, and garbage—leaving room to adjust for better returns. Located in a solid rental area, this property offers both reliable income and future growth potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,715
Year Built
- Built in 1900
Home Design
- Duplex
- Shingle Roof
- Vinyl Siding
- Siding
Interior Spaces
- 1,782 Sq Ft Home
- 2-Story Property
- Washer and Dryer
- Basement
Kitchen
- Stove
- Range
Schools
- Constance Lane Elementary School
- Abraham Lincoln Middle School
- Rockford East High School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Heating System Uses Natural Gas
- Separate Meters
- Gas Water Heater
Community Details
- 2 Units
- 2-Story Building
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,715 | $18,098 | $2,433 | $15,665 |
| 2023 | $1,657 | $15,958 | $2,145 | $13,813 |
| 2022 | $1,630 | $14,263 | $1,917 | $12,346 |
| 2021 | $1,603 | $13,078 | $1,758 | $11,320 |
| 2020 | $1,590 | $12,363 | $1,662 | $10,701 |
| 2019 | $1,579 | $11,783 | $1,584 | $10,199 |
| 2018 | $1,686 | $11,105 | $1,493 | $9,612 |
| 2017 | $1,577 | $10,628 | $1,429 | $9,199 |
| 2016 | $1,766 | $11,691 | $1,402 | $10,289 |
| 2015 | $1,788 | $11,691 | $1,402 | $10,289 |
| 2014 | $2,179 | $13,132 | $1,756 | $11,376 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/19/2026 04/19/26 | Price Changed | $119,900 | -4.0% | $67 / Sq Ft |
| 03/28/2026 03/28/26 | For Sale | $124,900 | -- | $70 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Geissler Law Office Pc | |
| Deed | $34,500 | -- |
Source: NorthWest Illinois Alliance of REALTORS®
MLS Number: 202601682
APN: 11-25-156-003
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