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Sold for $219,000
  • $219,000

    501 Fairview Ave, Rockford, IL 61108

    --beds
    --baths
    2,429sqft
    2 Units
    Built in 1958
    -- sqft lot
    $236,800 Zestimate®
    $90/sqft
    $1,397 Estimated rent

    Home value

    $236,800

    $208,000 - $268,000

    $1,397/mo

    Zestimate® history
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    $1,688/mo

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    What's special

    Eat-in kitchensSpacious corner lotBeautiful hardwood floorsStylish tiled backsplashes
    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Jay Dowthard 815-289-7530,

    Gambino Realtors

    Bought with:

    Keion Hawthorne, 475126052

    Key Realty, Inc

    Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202503896MLS Logo

    Facts & features

    Interior

    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air
    Appliances
    • Included: Refrigerator, Stove/Cooktop, Natural Gas Water Heater
    Features
    • Basement: Full
    Interior area
    • Total structure area: 2,429
    • Total interior livable area: 2,429 sqft
    • Finished area above ground: 1,829
    • Finished area below ground: 600

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    • Garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    Details
    • Parcel number: 1230280015
    • Zoning: R2

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 2 Units
    Materials
    • Brick/Stone
    • Roof: Shingle
    Condition
    • Year built: 1958

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: City
    • Water: City
    • Utilities for property: Separate Utilities

    Community & HOA

    Community
    • Subdivision: IL
    Location
    • Region: Rockford

    Financial & listing details

    • Price per square foot: $90/sqft
    • Tax assessed value: $128,874
    • Annual tax amount: $3,502
    • Price range: $219K - $219K
    • Date on market: 7/7/2025
    • Cumulative days on market: 3 days

    Price history

    DateEventPrice
    8/6/2025Sold$219,000$90/sqft
    Source: NorthWest Illinois Alliance of REALTORS® #202503896 Report a problem
    7/11/2025Pending sale$219,000$90/sqft
    Source: NorthWest Illinois Alliance of REALTORS® #202503896 Report a problem
    7/7/2025Listed for sale$219,000+37.7%$90/sqft
    Source: NorthWest Illinois Alliance of REALTORS® #202503896 Report a problem
    11/2/2023Sold$159,000+44.5%$65/sqft
    Source: Public Record Report a problem
    9/27/2019Sold$110,000+4.8%$45/sqft
    Source: Public Record Report a problem
    8/13/2019Pending sale$105,000$43/sqft
    Source: Gambino Realtors #201900746 Report a problem
    7/19/2019Listed for sale$105,000$43/sqft
    Source: Gambino Realtors #201900746 Report a problem
    5/3/2019Pending sale$105,000$43/sqft
    Source: Gambino Realtors #201900746 Report a problem
    4/30/2019Price change$105,000-4.5%$43/sqft
    Source: Gambino Realtors #201900746 Report a problem
    4/15/2019Listed for sale$110,000$45/sqft
    Source: Gambino Realtors #201900746 Report a problem
    4/12/2019Pending sale$110,000$45/sqft
    Source: Gambino Realtors #201900746 Report a problem
    2/26/2019Listed for sale$110,000-12%$45/sqft
    Source: Gambino Realtors #201900746 Report a problem
    11/5/2004Sold$125,000$51/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,502 +5.8%$42,958 +13.4%
    2023$3,310 +12.9%$37,878 +19.6%
    2022$2,932 $31,660 +9.1%
    2021-- $29,030 +5.8%
    2020$2,757 +2.1%$27,444 +4.9%
    2019$2,700 +15.6%$26,157 +16.9%
    2018$2,336 -13.2%$22,373 -7.3%
    2017$2,691 $24,138 +1.9%
    2016$2,691 +0.7%$23,685
    2015$2,671 -1.2%$23,685 -6.6%
    2014$2,705 -29.1%$25,371 -37.6%
    2009$3,816 $40,674 +4.2%
    2007-- $39,025 +6.1%
    2006-- $36,786 +4.7%
    2005-- $35,118 +5.5%
    2004-- $33,280 +11.5%
    2003-- $29,857 +3.3%
    2001-- $28,892 +4.9%
    2000-- $27,551
    1999-- $27,551
    Find assessor info on the county website

    Neighborhood: Twin Sisters Hills

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Maud E Johnson Elementary
    • Middle: Abraham Lincoln Middle
    • High: Rockford East High
    • District: Rockford 205

    Source: NorthWest Illinois Alliance of REALTORS®. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $236,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $236,800