Courtesy: Century 21 Affiliated - Rockford
815-397-7700
A must see investment opportunity! This classic and historic 6-unit apartment building is very well maintained with each unit offering its own charm, with original lamps, wall mounted shelving, hardwood floors; a place where people want to lease and stay. The building sits on a double corner lot. New roof in 2024- new windows- hardwood floor in some units and separate utilities in the basement, with additional storage for each tenant. Steady cash flow- monthly rent income $ 4045 EST Yr Income $ 46,500. Great unique property to add to portfolio!
Courtesy: Re/Max of Rock Valley
815-732-9100
Become a staple in the community by owning this transitional property that has so many possibilities for your business. Come in and explore the endless space and envision your becoming a thriving reality. Walking through the front door and step onto the original hardwood floors, ample sunlight covering two separate rooms. Room 1 (24.1' x 21.2') Room 2 (16.6' x 12.6'). From there go into two additional rooms that can be divided in many ways. Room 1 (21.2' x 13.3') Room 2 (17.1 x 13.3'). There are additional smaller rooms that are both (12 x8.3') that can be used as additional storage or office. This space has many features that add tons of value that many commercial spaces lack. Two bathrooms and one bathroom is ADA Compliant. Walk upstairs into a secluded space that could be converted into a quiet meeting space. New roof in 2023, updated electrical 2021, five mini-split electric heat and air units, three newer windows. With the growing need for Airbnb's the possibilities are endless, and the layout is perfect to be converted into a residential space. If that isn't enough this property is nestled in the TIF district, which has the possibility to enhance the new owner's ability to start their dream business.
Oregon is located in Illinois. Oregon, Illinois has a population of 3,927. Oregon is less family-centric than the surrounding county with 26.89% of the households containing married families with children. The county average for households married with children is 27.12%.
The median household income in Oregon, Illinois is $65,375. The median household income for the surrounding county is $67,534 compared to the national median of $69,021. The median age of people living in Oregon is 45.2 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 12.2 degrees. The average rainfall is approximately 36.4 inches per year, with 29.7 inches of snow per year.
