1514 Muldoon

Rockford, IL 61103

Great opportunity to own a cash-flowing 2-unit rental property in a stable, working-class neighborhood. This low-maintenance duplex offers two separate 2-bedroom, 2-bath units, each with private entrances and individual utilities. Tenants pay gas and electric, separate meters. Owner pays water, sewer garbage and takes care of lawn care and snow removal. The building is fully occupied with long-term tenants, providing consistent monthly income. Both units are in average condition with solid bones and recent minor updates, including newer flooring in one unit and updated appliances in the other. Roof, windows, and major systems are functional and serviceable, with no immediate repairs needed. Located on a quiet street near schools, bus lines, and local amenities. Off-street parking available and a small backyard area for tenant use. This property is ideal for first-time investors or those looking to expand their rental portfolio with a dependable income-generating asset. Don't miss this affordable investment in a solid rental market. With room to raise rents and a manageable entry price, this property makes sense for both new and seasoned investors. Agent Owned.