Two-Unit Residential Income
New
For Sale
$130,000
416 Gregory Street, Rockford, IL 61104
MULTI_FAMILY - ROCKFORD, IL
Property Size2,348 SF
Price / SF$55.37
Days on Market7
Property Features for 416 Gregory Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Basement, Bedroom 4
Parking
4
Elementary school
Constance Lane Elementary School
Middle school
Abraham Lincoln Middle
High school
Rockford East High
Elementary school district
Rockford 205
Middle school district
Rockford 205
High school district
Rockford 205
Subdivision
Winnebago County
Standard status
Active
APN
1126326011
Size
2,348 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
ASSRS PLAT N1/2 SW1/4 SEC 26-44-1 E OF ROCK RIVER W 50 FT S 75 FT LOT 6 SEC: 26 TWP: 044 RANGE: 001 ACRES: 0.08
Tax Annual Amount
2203
Legal Description
ASSRS PLAT N1/2 SW1/4 SEC 26-44-1 E OF ROCK RIVER W 50 FT S 75 FT LOT 6 SEC: 26 TWP: 044 RANGE: 001 ACRES: 0.08
Utilities
Heating system
Forced Air, Natural Gas
Amenities
covered front porch
upper deck
off-street parking
Building Details
Year built
1915
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
Gambino Realtors
(815) 282-2222
Listed By:
Jay Dowthard · License #475127621
(815) 289-7530
Added: Jul 24
Changed: Jul 27
Last Checked: Jul 30 at 12:06PM
MLS# 202604553
Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit residential income property is a duplex built in 1915 and offered for sale as-is. The layout includes four bedrooms and two full bathrooms across both units, with original character elements such as natural woodwork and French doors leading to the primary bedroom in each unit. Outdoor features include a covered front porch and an upper deck, along with off-street parking.
The property is located in Rockford, Illinois, at 416 Gregory Street, and is described as being near Behr Den Restaurant and downtown Rockford. The public remarks also indicate proximity to a walking path that leads to Embassy Suites Rockford Riverfront and Davis Park.
The listing notes potential gross rental income in the range of approximately $27,600 to $30,000 per year.
The property is located in Rockford, Illinois, at 416 Gregory Street, and is described as being near Behr Den Restaurant and downtown Rockford. The public remarks also indicate proximity to a walking path that leads to Embassy Suites Rockford Riverfront and Davis Park.
The listing notes potential gross rental income in the range of approximately $27,600 to $30,000 per year.
Key Highlights
- Two‑unit property with approximately 2,348 SF, offering 4 bedrooms and 2 full bathrooms
- Built in 1915; original charm features include natural woodwork and French doors to the primary bedroom in each unit
- Outdoor space includes a covered front porch and an upper deck
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
880
Businesses Nearby
Explore this area
Business Placement
Demographics for 61104, IL
17,354
Population
9,253
Households
1.9
Avg Household Size
32
Median Age
9%
College-Educated
75%
High-School Grad
4.5 sq mi
ZIP Area
3,856
Density / Sq Mi
$32,161
Median Household Income
$26,277
Median Earnings
$854
Median Rent
$83,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex built in 1915 with four bedrooms, two full bathrooms, and off-street parking, sold as-is.
Where is this duplex located?
The property is located at 416 Gregory Street Rockford, IL.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Two‑unit property with approximately 2,348 SF, offering 4 bedrooms and 2 full bathrooms; Built in 1915; original charm features include natural woodwork and French doors to the primary bedroom in each unit; Outdoor space includes a covered front porch and an upper deck
