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501 Fairview Avenue

Rockford, IL 61108

4 beds
3 baths
– sqft
~18 acre lot
1958 build
– on site

Look No Further! Fantastic opportunity to own this all-brick, ranch-style 2-family duplex situated on a spacious corner lot in a highly desirable location! Each unit has been thoughtfully updated with new bathtubs, tile, vanities, and toilets. You'll also find beautiful hardwood floors and eat-in kitchens with stylish tiled backsplashes. One unit features a finished lower level with a full bath-ideal for extra living space or additional rental income. This property is perfect for owner-occupants looking to offset their mortgage with rental income from the second unit, or for savvy investors seeking a solid addition to their portfolio. Additional Highlights: Separate basements for each unit. Attached garage. Expansive lot with plenty of outdoor space. Property is being sold As-Is. Don't miss out on this income-generating gem in a prime location!

Listing courtesy of MRED / Gambino Realtors Home Builders as distributed by MLS GRID

Last checked: Checking… • Last updated Jul 9, 2025 •

MLS# 12413179 —

The Building

Year Built:

1958
Rebuilt:

No
New Construction:

false
Construction Materials:

Brick
Architectural Style:

Ranch
Roof:

Asphalt
Basement:

Partially Finished, Full

Interior

Rooms Total:

8

Location

Directions:

E. State to Fairview Ave
Location:

30188

The Property

Parcel Number:

1230280015
Property Type:

Residential Income
Lot Size Dimensions:

0.18
Lot Size Acres:

18.18
Waterfront:

false
Additional Parcels:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

3310

Beds

Bedrooms Total:

4
Bedrooms Possible:

4

Baths

Baths:

3
Full Baths:

3

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Natural Gas

Utilities

Sewer:

Public Sewer
Water Source:

Public

Schools

Elementary School District:

205
Middle Or Junior School District:

205
High School District:

205

Parking

Parking Total:

2
Parking Features:

Garage Door Opener, On Site, Garage Owned, Attached, Garage
Garage Spaces:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
7/7/25 Jul 7, 2025	Listed / Active	MRED	$219,000	99.1% (17.1% / YR)
9/23/19 Sep 23, 2019		MRED	$110,000

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This multifamily located in Southeast Rockford, Rockford, IL 61108 is currently for sale for $219,000. 501 Fairview Avenue is a – square foot multifamily with 4 beds and 3 baths that has been on Estately for 2 days. 501 Fairview Avenue is in the Southeast Rockford neighborhood of Rockford and has a WalkScore® of 61, making it somewhat walkable. This multifamily is in the attendance area of Johnson Elementary School, Lincoln Middle School, and East High School.

Listing courtesy of MRED, Gambino Realtors Home Builders, and Jay Dowthard as distributed by MLS GRID.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Signal Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2025 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed by MLS GRID. Use of MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to MLS GRID as of Jul 9, 2025, 09:32 pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.