Seller's Agent in 2025
Adam Guarino
DICKERSON & NIEMAN
(815) 494-1011
1 in this area
63 Total Sales
517 8th St Rockford, IL 61104
Midtown District NeighborhoodEstimated Value: $122,000 - $143,000
Studio
2
Baths
2,644
Sq Ft
$50/Sq Ft
Est. Value
Highlights
- Deck
- Brick or Stone Mason
- Forced Air Heating System
- Balcony
About This Home
As of October 2025All-Brick Duplex with Significant Income Potential. All-brick duplex offers two spacious 3-bedroom, 1-bath units at 1,322 sq. ft. each. Major systems have been updated, including a new roof in 2013, furnaces replaced in 2023 and 2024, maintenance-free vinyl windows and updated 100-amp electric breakers. The lower unit has been fully remodeled and is move-in ready, featuring new kitchen cabinets and countertops, an updated bathroom with a new mirror, sink, cabinet, toilet, and tiled tub surround, plus fresh paint and new carpeting throughout. This unit should command market rent of at least $900 per month. The upper unit has had a long-term tenant of 11 years and is currently rented at $565/month on a month-to-month basis—well below market rates. With some cosmetic updates, this unit presents a strong opportunity to increase rents to market levels, significantly boosting cash flow. Located just two blocks from Mid-Town and the 7th Street business district, this property offers convenience, stability, and strong investment potential.
Last Agent to Sell the Property
DICKERSON & NIEMAN License #475129195 Listed on: 08/07/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,052
Year Built
- Built in 1900
Lot Details
- 0.8
Home Design
- Duplex
- Brick or Stone Mason
- Shingle Roof
Interior Spaces
- 2,644 Sq Ft Home
- 2-Story Property
- Washer and Dryer Hookup
- Basement
Kitchen
- Oven
- Stove
- Range
Outdoor Features
- Balcony
- Deck
Schools
- C Henry Bloom Elementary School
- Abraham Lincoln Middle School
- Rockford East High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Separate Meters
- Gas Water Heater
Community Details
- 2 Units
- 2-Story Building
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 7, 2025
Closed on
Nov 11, 2025
Sold by
Ghazaryan Lilit
Bought by
Rockford Holding Ii Llc
Seller's Agent
Adam Guarino
DICKERSON & NIEMAN
Buyer's Agent
Felicia Esmond
DICKERSON & NIEMAN
List Price
$145,000
Sold Price
$128,500
Premium/Discount to List
-$16,500
-11.38%
Views
61
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,261
Avg. Annual Appreciation
5.68%
Original Mortgage
$115,650
Outstanding Balance
$115,553
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$17,208
Purchase Details
Listed on
Aug 7, 2025
Closed on
Oct 9, 2025
Sold by
Hinrichs Keith A and Hinrichs Andrea L
Bought by
Ghazaryan Lilit
Seller's Agent
Adam Guarino
DICKERSON & NIEMAN
Buyer's Agent
Felicia Esmond
DICKERSON & NIEMAN
List Price
$145,000
Sold Price
$128,500
Premium/Discount to List
-$16,500
-11.38%
Views
61
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,650
Outstanding Balance
$115,553
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$17,208
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rockford Holding Ii Llc | -- | None Listed On Document | |
| Ghazaryan Lilit | $128,500 | None Listed On Document |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ghazaryan Lilit | $115,650 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/09/2025 10/09/25 | Sold | $128,500 | -11.4% | $49 / Sq Ft |
| 08/25/2025 08/25/25 | Pending | -- | -- | -- |
| 08/07/2025 08/07/25 | For Sale | $145,000 | -- | $55 / Sq Ft |
Source: NorthWest Illinois Alliance of REALTORS®
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,053 | $21,664 | $388 | $21,276 |
| 2022 | $1,764 | $15,443 | $305 | $15,138 |
| 2021 | $1,736 | $14,160 | $280 | $13,880 |
| 2020 | $1,721 | $13,387 | $265 | $13,122 |
| 2019 | $1,709 | $12,760 | $253 | $12,507 |
| 2018 | $1,974 | $12,827 | $238 | $12,589 |
| 2017 | $1,821 | $12,276 | $228 | $12,048 |
| 2016 | $2,092 | $13,847 | $224 | $13,623 |
| 2015 | $2,118 | $13,847 | $224 | $13,623 |
| 2014 | $2,278 | $14,267 | $279 | $13,988 |
Source: Public Records
Agents Affiliated with this Home
-
Adam Guarino
-
Felicia Esmond
Buyer's Agent in 2025
Felicia Esmond
DICKERSON & NIEMAN
(815) 893-7401
6 in this area
188 Total Sales
Map
Source: NorthWest Illinois Alliance of REALTORS®
MLS Number: 202504725
APN: 11-26-280-022
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