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Updated 23 minutes ago

1632 Midway Dr


Rockford, IL

2 Bed
1 Bath

600 Sq. Ft.

Available Now
2 Beds • 1 Bath
$1,300
600 ft2
1 Available
Managed By: avail
No Bank Qualifying – Lease Option • Contract-for-Deed • Standard Rental
$1,300
Available Now
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Where you'll live
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Satellite View
Location ratings
Walk Score®
48
Car-Dependent
Bike Score®
41
Somewhat Bikeable
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Lease & Fees
Security Deposit: $1,300.00
Property details
Description

Stop renting & start owning! This home is part of the KLS Path to Homeownership Program, designed for families who need time to build credit, save, or get mortgage-ready. We offer 3 flexible move-in options so you can choose what works best for your budget and timeline.
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Tiered Entry Options – Choose Your Path
🔹 Option 1 – Rent-to-Own (Lease Option)
24-month lease
Locked-in purchase price - Midway: $95K
Monthly rent: $1,300 + $100 per pet
No rent credit applied (unless upgraded later)
Purchase option available after month 18
🔹 Option 2 – Contract for Deed (Owner Finance)
Own while you pay – no bank needed
Down payment required
Fixed monthly ownership payment
Taxes & insurance included in payment plan
🔹 Option 3 – Standard Rental
First + Last month to move in
No long-term purchase commitment
Great for renters who may want to buy later
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Included Features
2 Bedrooms / 1 Bathroom (Midway)
Pet-Friendly (with fee)
Private yard / parking
Move-in ready
Close to schools, shopping & transportation
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Why Choose KLS?
Bad credit OK – we help you repair and qualify
Flexible financing designed for working families
Credit repair partners & rent reporting to boost your score
Clear roadmap to ownership
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Address:
1632Midway Dr.
Rockford, IL
Contact:
Oscar – KLS Financial Investments
815-790-3666
klsfinancialinvestments@gmail.com

Additional Details
Total Unit Count: 1
Last Updated: Updated 23 minutes ago
Contact Number: (815) 790-3666
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Comcast Corporation 987.0 35.0
JAB Wireless, Inc. 50.0 10.0
ViaSat, Inc. 35.0 3.0
Hughes Network Systems, LLC 25.0 3.0
AT&T Inc. 18.0 0.768
Data from June 2020 provided by the FCC
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 1632 Midway Dr by bedroom type below.
2 Bedroom
Suggested income:
$46,800
per year
Rent report

1632 Midway Dr Rent vs. Rockford Average

 1632 Midway Dr      Rockford Average
2BR
$1,300
$1,168
$0
$450
$900
$1,350
$1,800

1632 Midway Dr is asking 11% more than the average 2 bedroom apartment in Rockford.

If you upsized to an average priced Rockford 3 bedroom apartment, you would pay 17% more per month.

If you downsized to an average priced Rockford 1 bedroom apartment, you would pay 28% less per month.

1632 Midway Dr provides 35% less square footage than the average Rockford 2 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
1632 Midway Dr
2BR $1,300 $2.20 $3,900
Rockford Average
Studio $1,346 $3.10 $4,037
1BR $914 $1.40 $2,741
2BR $1,168 $1.30 $3,503
3BR $1,405 $1.10 $4,215

Availability in Rockford

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 272 Studio units on the market in Rockford. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
50% 22% 19% 8% 0%
Available Units in Rockford
Studio 272
1BR 121
2BR 101
3BR 42
4BR 1
Location
Nearby College
Nearby Hospitals
Name Distance
Javon Bea Hospital Dba Mercy Health Hospital Rockton Ave 0.79 mi.
Swedish American Hospital 2.76 mi.
Saint Anthony Medical Center 4.65 mi.
Nearby Fire Stations
Name Distance
Loves Park Volunteer Fire Department 1.4 mi.
Loves Park Volunteer Fire Department 1.48 mi.
Northwest Fire Protection District 1.58 mi.
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in now.
What's the square footage of the available units?
It's 600 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
1632 Midway Dr has a 2 bedroom unit starting at $1,300.
Where is this property located?
This property is at 1632 Midway Dr in Rockford, IL. It's 2.4 miles north from the center of Rockford.
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