Description
Fully occupied investment property offering immediate rental income in Rockford's highly sought-after Edgewater neighborhood. Ideally positioned near the Rock River and surrounded by multiple ongoing real estate developments, this property presents an excellent opportunity to add a well-maintained asset to your portfolio. Recent updates include fresh paint throughout, upgraded bathrooms, a newer roof (2017), updated gutters, and a new rear porch for each unit. Residents can enjoy convenient access to nearby parks, walking trails, and the bike path along the Rock River. Whether you're expanding your investment portfolio or looking for an income-producing property in a desirable location, 2201-2203 Hancock St is an opportunity you won't want to miss. Schedule your showing today!
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 2,457
County: Winnebago
Listed By:
Realty One Group Strategies
Rockford Board of Realtors
MLS ID: 202605257
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2201-2203 Hancock Street, Rockford, IL 61103.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $149,900 | $149,900 | $149,900 |
| Down Payment | $29,980 | $5,247 | $37,475 |
| Monthly Mortgage Amount | $748 | $918 | $934 |
| Taxes | $209 | $209 | $209 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $66 | $0 |
| Monthly Estimated Total | $1,057 | $1,293 | $1,243 |