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Two-Unit Residential Income Property
For Sale
$220,000

434 16th Avenue, Rockford, IL 61104

MULTI_FAMILY - Other - Rockford, IL

Days on Market14

Property Features for 434 16th Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bedroom 6, Bathroom 1, Basement, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 3
Parking 2
Parking features Garage, Off Street, Driveway, On Street, Owned, Alley
Patio and Porch features Deck, Porch
Basement Unfinished, Full
Elementary school Julia Lathrop Elementary School
Middle school Rockford Envrnmntl Science Acad
High school Jefferson High School
Elementary school district 205
Middle school district 205
High school district 205
Directions East Riverside Blvd. to Forest Hills Rd. to Walnut St. to Kishwaukee St. to 16th Ave.
Subdivision Rockford
Standard status Active
APN 1135105018

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 1500

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Building Details

Year built 1923
Floors in Building 2
Building materials Vinyl Siding
Roof type Asphalt
Architectural style Other
Additional Structures Outbuilding
Listing Agency: RE/MAX Plaza · RE/MAX International
Listed By: Marisol Randazzo
Added: Jul 17 Changed: Jul 28 Last Checked: Jul 30 at 2:06PM
MLS# 12708960

Copyright © 2026 Midwest Real Estate Data, LLC. 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.

Well-maintained two-unit residential income property featuring two separate apartments, each laid out as 3 bedrooms and 1 bathroom. The building includes multiple 2025 updates, including fresh interior paint, new windows, new flooring, and new HVAC with central A/C. The first-floor unit also has updated kitchen appliances, including a new refrigerator and stove. The property is sold as-is.

The home offers separate entrances and functional layouts for each unit. A detached 495 SF outbuilding/garage with an upper level adds practical flexibility for storage, a workshop, or hobby space.

Conveniently located near schools, shopping, restaurants, parks, and major roadways, the property is positioned for straightforward occupancy planning whether purchased by an owner-occupant or for rental use.

Key Highlights

  • Two‑unit building with two 3‑bedroom, 1‑bath apartments and separate entrances
  • Numerous 2025 updates: fresh paint, all new windows, new HVAC and central A/C
  • First‑floor unit updates include new flooring plus a new refrigerator and stove

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Gym & Fitness Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

691
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two spacious 3-bedroom, 1-bath apartments with separate entrances and recent updates, plus a detached outbuilding.
Where is this duplex located?
The property is located at 434 16th Avenue Rockford, IL.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two‑unit building with two 3‑bedroom, 1‑bath apartments and separate entrances; Numerous 2025 updates: fresh paint, all new windows, new HVAC and central A/C; First‑floor unit updates include new flooring plus a new refrigerator and stove
More about this property
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