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    515 Michigan Ave Rockford, IL 61102

    For Sale
    $79,500

    2 Units - ROCKFORD, IL

    Days on Market:
    21
    Last Refresh:
    Dec 14 at 12:06 pm

    Property Features for 515 Michigan Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    1127454019
    Parking
    1
    Interior features
    None
    Appliances
    None

    Utilities

    Heating system
    Forced Air
    Cooling system
    None (Cooling)

    Building Details

    Roof type
    Shingle
    Architectural style
    Other

    Signature Real Estate Brokerage, LLC (815) 315-1111 [email protected]

    Listing agent Olga Kampmeier (815) 315-1111 License #475166479

    Listing date Nov 24, 2025

    MLS# 202506928 Listing URL

    Copyright © 2025 Rockford Area MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rockford Duplex with Garage

    This two-family duplex is suitable for investors and landlords. The main floor unit features 2 bedrooms, a living room, a kitchen, a dining room, and a bathroom. The upstairs unit includes 1 bedroom, a living room, a kitchen, and a bathroom. The property has separate furnaces and water heaters. A detached 1-car garage is included. The property is located in Rockford, IL.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.104914
    Latitude
    42.252334

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    FAQs

    What type of property is this?
    Duplex - Two-unit duplex with separate utilities and a detached garage.
    Where is this duplex located?
    The property is located at 515 Michigan Ave Rockford, IL.
    What is the asking price?
    The asking price for this property is $79,500.
    What are key features of this property?
    This property features: - Two-family duplex: **Ideal for investors or landlords.**; - Separate furnace and water heater for each unit.; - Main floor unit: **Features 2 bedrooms, living room, kitchen, dining room, and bathroom.**
    (815) 315-1111
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    515 Michigan Ave Rockford, IL 61102
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    Rockford, IL 61102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    515 Michigan Ave Rockford, IL 61102
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