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304 N Independence Ave, Rockford, IL, 61101

$289,900

Home List Price

$3,443*

Closing Credit

12 Bedrooms
4 Baths
House

Location

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304 N Independence Ave, Rockford$289,900

Buyer Closing Credits

$3,443*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1923
HeatingNatural Gas, Electric
BasementYes
MLS #12169826
StatusAccepting Backup Offers
(Contingent)

About 304 N Independence Ave

Attention Investors! Exceptional opportunity awaits at 304 N Independence Ave, Rockford, IL! Discover this expansive 2-story fourplex, a gem for savvy investors seeking a high-potential, low-maintenance property. This 4-unit offers immediate rental income and significant growth potential. Each unit is thoughtfully designed with three spacious bedrooms and one well-appointed bathroom. Enjoy the modern touch of luxury laminate wood floors throughout, complemented by freshly painted walls. The beautifully updated kitchens feature stylish cabinets, ample counter space, and all necessary appliances, ensuring a delightful experience for tenants. Rents are also below market. Each unit's generous layout ensures ample space for tenants to live and thrive. Additional highlights include a full basement providing extra storage or potential for further development, a double lot with an expansive additional lot at the back perfect for outdoor activities or future enhancements, and a prime location wonderfully situated on a corner lot next to Lewis Lemon Elementary School, making it an ideal home for families with young children. The property features separate utilities for each unit, simplifying management and billing, and includes all appliances, ensuring a seamless move-in experience for tenants. This property is visibly and strategically located, offering convenience and appeal. It's an excellent investment for those looking to expand their portfolio with a property that promises ease of maintenance and strong rental demand.

Property Details

Property Features

Property Information:

  • Year Built: 1923

Listing Office:

  • Office Name: Realty One Group Excel
  • Office Phone: (630) 239-7400
  • Listing Agent: Mohammad Fatani

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 12

Utilities

Utilities Information:

  • Heating: Natural Gas, Electric

School Info

Assigned Schools Information:

  • Auburn High School, Public District Grades 9-12
  • Kennedy Middle School, Public District Grades 6-8
  • Thurgood Marshall School, Public District Grades 4-8
  • Lewis Lemon Elementary School, Public District Grades KG-5
  • Haskell Academy, Public District Grades PK-5

Other

Directions Information:

  • Directions: W State St to N Central Ave to Mulberry St to N Independence Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $289,900

Tax Information:

  • Annual Amount: $3,242
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Rockford, IL.

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Rockford, IL

City

Med. Sold Price

$160K

Med. Price/SqFt

$107

Avg. Days On Market

17

# of Sold Homes

122

304 N Independence Ave vs Rockford

46 DAYS ON ROCKET

+29 Days

$289,900

+$129.9K More

KEY TAKEAWAY

This property is $129.9K more than the Median Sold Price in Rockford, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12169826

Listing Office:

  • Office Name: Realty One Group Excel
  • Office Phone: (630) 239-7400
  • Listing Agent: Mohammad Fatani

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is 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. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

DIGITAL MILLENNIUM COPYRIGHT ACT (DMCA) NOTICE
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 8:15:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 27, 2017Home Sold
$175,000
Jun 11, 2014Home Sold
$387,229
May 22, 2008Home Sold
$56,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,242$25,212
2019$3,219$24,029
2018 - $22,645

History based on county public records data.

Payment Calculator

$1,514

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$936

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-66989
1
/10

  • Lewis Lemon Elementary School

  • 1993 Mulberry St

  • 0.15 miles

  • Public District Grades KG-5

school-card-donut-66990
6
/10

  • Haskell Academy

  • 515 Maple St

  • 1.19 miles

  • Public District Grades PK-5

Middle School

school-card-donut-66991
1
/10

  • Kennedy Middle School

  • 520 N Pierpont Ave

  • 0.93 miles

  • Public District Grades 6-8

school-card-donut-66992
10
/10

  • Thurgood Marshall School

  • 4664 N Rockton Ave

  • 3.64 miles

  • Public District Grades 4-8

High School

school-card-donut-66993
3
/10

  • Auburn High School

  • 5110 Auburn St

  • 1.02 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,264. The most common annual income of people living in Rockford, IL is less than $35k. The majority of families are single, with kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 304 N Independence Ave

What is the listing price of this property?

The listing price of 304 N Independence Ave property is $289,900.

What type of property is this?

The property 304 N Independence Ave is a house located in Rockford, Illinois, 61101.

Is this property for sale now?

Accepting Backup Offers: 304 N Independence Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 304 N Independence Ave are:
Lewis Lemon Elementary School: GreatSchools Rating 1/10
Haskell Academy: GreatSchools Rating 6/10
Kennedy Middle School: GreatSchools Rating 1/10
Thurgood Marshall School: GreatSchools Rating 10/10
Auburn High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,242 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 27, 2017 for $175,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 304 N Independence Ave has 12 bedrooms and 4 bathrooms.

Which year was this property built?

The year of construction for 304 N Independence Ave is 1923.

Rocket Homes›Illinois›Winnebago County›Rockford›61101›304 N Independence Ave

This home is located at 304 N Independence Ave in Rockford, IL and zip code 61101 in the West End Do'ers neighborhood. This home was built in 1923. Features: 12 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 21, 2024 and is currently priced at $289,900.

In October 2024 more than 46 listings in Rockford, IL were sold above the asking price. During the same period more than 21 listings were sold at asking price, while more than 55 were sold below. In October 2024 in Rockford, IL there were 10.5% more homes for sale than in September 2024. Listings spent 17 days on the market in October 2024, and had a median list price of $160,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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