515 Michigan Ave

$79,500
Price
3
Beds
2
Baths
1,501 Sq. Ft.
$53 / Sq. Ft.
1,501
Sq. Ft.
$53
per Sq. Ft.

Description

Attention investors and landlords! This two-family duplex features a main floor unit that has 2-bedrooms, living room, kitchen, dining room and bathroom. Upstairs is a 1-bedroom unit with a living room, kitchen and bathroom. Separate furnace and water heater. Detached 1-car garage. Sold AS-IS. No FHA/VAAttention investors and landlords! This two-family duplex features a main floor unit that has 2-bedrooms, living room, kitchen, dining room and bathroom. Upstairs is a 1-bedroom unit with a living room, kitchen and bathroom. Separate furnace and water heater. Detached 1-car garage. Sold AS-IS. No FHA/VA

Property Details for 515 Michigan Avenue

Style
2 Story
Total # of Parking Spaces
1
LISTING UPDATED: 11/24/2025 11:46 AM

Property Details for 515 Michigan Avenue

StatusActive And Available
MLS #202506928
Days on Market39
Taxes$1,507 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2 Units
Year Built1900
Lot Size-
CountyWinnebago County

Location

Listing Courtesy of Keller Williams Realty Signature
Add your commute

Building Information for 515 Michigan Avenue

Stories2Residences2Year Built1900Building Size-Lot Size-

Payment Calculator

$518 per month

30 year fixed, 6.28% Interest

Principal and Interest

$393

Property Taxes

$126

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 515 Michigan Avenue

Summary
Location and General Information
  • City: ROCKFORD
  • State: IL
  • Zip: 61102
  • Address: 515 Michigan Avenue
  • County: Winnebago County
  • Zip Code: 61102
  • Year Built: 1900
  • School District: Rockford 205
  • Elementary School 1: Julia Lathrop Elementary
  • Middle School: Rockford Enviromental Science Academy
  • High School: Jefferson High
Taxes and HOA
  • Tax Year: 2024
  • Taxes: $1,507
Property
Lot Information
  • Est Below Grade Fin SqFt: 0
  • Est Total Finished Sq. Ft.: 1501
  • Est Above Grade SqFt: 1501
Property and Assessments
  • Class: MULTIFAMILY
  • Type: 2 Units
Utilities
  • Water: City
  • Sewer: City
  • Electric: Circuit Breaker
  • Separate Utilities: Yes
  • Separate Electric Y/N: Yes
  • Separate Water Y/N: No
Interior and Exterior Features
Exterior Features
  • Exterior: Aluminum, Vinyl
  • General Features: None
  • Roof: Shingle
Interior Features
  • Basement Type: Full
  • Water Heater: Gas
  • Heating: Forced Air
  • Cooling: None
  • Appl Stay/Incl: None
  • Basement Y/N: Yes
  • Separate Heat Y/N: Yes
  • Washer/Dryer CoinOp Y/N: No
  • Washer/Dryer Hookup Y/N: Yes
  • Washer/Dryer Y/N: No
Multi Family
Income and Expenses
  • Insurance/YR: $0
  • Maintenance/YR: $0
  • Management/YR: $0
  • Utilities/YR: $0
  • Legal/Account/YR: 0
  • Other/YR: 0
Multi Family Information
  • Number of Floors in Bldg: 2
  • Number of Tenants in Bldg: 1
  • Number of Units: 2
Unit 1
  • Unit 1 Range: No
  • Unit 1 Garage Capacity: 1
  • Unit 1 # Beds: 2
  • Unit 1 AC: n
  • Unit 1 Refrigerator: No
  • Unit 1 # Rooms: 5
  • Unit 1 # Baths: 1
  • Unit 1 Heat: y
  • Unit 1 SqFt: 900
  • Unit 1 Lease/Deposit: 0
  • Unit 1 Rent: 0
Unit 2
  • Unit 2 Range: No
  • Unit 2 Garage Capacity: 0
  • Unit 2 # Beds: 1
  • Unit 2 AC: N
  • Unit 2 Refrigerator: No
  • Unit 2 # Rooms: 3
  • Unit 2 # Baths: 1
  • Unit 2 Heat: Y
  • Unit 2 SqFt: 600
  • Unit 2 Lease/Deposit: 0
  • Unit 2 Rent: 0
Rental
Rent Information
  • Lease: No

Property History for 515 Michigan Avenue

DateEvent & SourcePriceAppreciation
Nov 23, 2025

Price Change

NorthWest Illinois Alliance of REALTORS® #202506928

$79,500
Nov 5, 2025

Listed (Active)

NorthWest Illinois Alliance of REALTORS® #202506928

$80,000
DateEvent & SourcePrice
11/23/2025

Price Change

NorthWest Illinois Alliance of REALTORS® #202506928

$79,500
11/05/2025

Listed (Active)

NorthWest Illinois Alliance of REALTORS® #202506928

$80,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 515 Michigan Avenue

Taxable ValueLand$897Additions$15,005Total$15,902
Tax Record2024$1,507 ($126 / month)
Home Facts
Total Finished SqFt1,501 SqFtAbove Grade Finished SqFt1,501 SqFtStories2Lot Size7,841 SqFtStyleDuplexYear Built1900ZoningR1CountyWINNEBAGOAPN11-27-454-019

Schools near 515 Michigan Avenue

This home is within Rockford School District 205.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Julia Lathrop Elementary School
PublicK to 5

Rockford Envrnmntl Science Academy
Public6 to 8

Jefferson High School
Public9 to 12

Barbour Two-Way Lang Immersion
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

515 Michigan Avenue is a multi-family home for sale in Rockford, IL 61102. This property was listed for sale on November 6, 2025 by Keller Williams Realty Signature, it's currently listed at $79,500. This listing's school district is Rockford School District 205. Nearby schools include Julia Lathrop Elementary School, Rockford Envrnmntl Science Academy and Jefferson High School. 515 Michigan Avenue is a 3-bed, 2-bath, 1,501 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Signature

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/24/2025 11:46 AM. 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.