Attention investors and rehabbers! This 5-unit building offers a fantastic value-add opportunity with major exterior and structural improvements already completed. Recent updates include new siding, a new water meter, vinyl windows, new drywall, new roof on the rear of the building, a newly built enclosure for the basement entrance, and a new concrete patio in the back. Each unit is a blank canvas ready for your finishing touches. The property consists of two studio apartments and three one-bedroom units. A detached 2-car garage is located at the rear of the property. Conveniently situated just minutes from Downtown Rockford, SwedishAmerican Hospital, and the planned Rock Valley College downtown campus scheduled to open in Fall 2026.