When your looking for Rockford's cheapest home and find one that costs only $6,500, you need to brace yourself for what's inside.

Actually, the property at 326 Irving Avenue in Rockford isn't as bad you'd think for its current price.

Sure, it's "condemned" but that's only for now. It's a four bedroom, two bath home that's nearly 1500 square feet. That's some serious bang for your buck. The lot itself is nearly 7,000 square feet!

The home has been on the market for over two years, and according to the listing:

Motivated Seller. Price Reduced to sell. Seller will consider all offers. The house is being sold 'AS IS'. Ideal home for rehabbers and investors.

Sure this 1.5 story bungalow isn't someone's dream home yet, but it could be. I believe there's a lot of promise at this location.

If I knew the first thing about home rehab, I'd be all over this property.

Sweet Lenny is the brand manager of 97ZOK and Operations Manager for Townsquare Media Rockford. Catch him afternoons 3 to 7 on 97ZOK. Follow him on TwitterInstagram and like his page on Facebook.