$755,000

1602 E State St Rockford, IL 61104

Miracle Mile Neighborhood

Estimated payment $5,244/month

Total Views 524
-- Bed
-- Bath
8,262 Sq Ft
$91 Price per Sq Ft

Highlights

  • Very Popular Property
  • Brick or Stone Mason
  • Storage
  • Balcony
  • Air Conditioning
  • Baseboard Heating

About This Home

A great investment opportunity in the heart of Rockford with great cashflow. A rare 10 family features spacious 1 bedroom units with kitchen, living rooms and bathroom and balcony. Each unit has a storage space and garage. 2 buildings with 6 and 4 units respectively. Currently fully rented for 750 per 7 units and 800 for 3 units.

Listing Agent

Carlos Serna

Century 21 Affiliated License #475161572 Listed on: 08/19/2025

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,563

Year Built

  • Built in 1977

Home Design

  • Brick or Stone Mason
  • Tile Roof
  • Rubber Roof

Interior Spaces

  • 2-Story Property
  • Storage
  • Washer and Dryer
  • Basement

Kitchen

  • Stove
  • Range

Outdoor Features

  • Balcony

Schools

  • District 205-Rfd Elementary And Middle School
  • District 205-Rfd High School

Utilities

  • Air Conditioning
  • Window Unit Cooling System
  • Baseboard Heating
  • Separate Meters
  • Gas Water Heater

Community Details

Overview

  • 10 Units
  • 2-Story Building

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,563

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop
  • Class: MULTIFAMILY
  • Estimated Below Grade Finished Sq Ft: 2000
  • General Features: Balcony, Laundry in Building, Storage Area
  • Grid: 56
  • Legal Description: Murtfeldts Sub Lots 6 & 7 Blk 13
  • Lvt Date: 08/19/2025
  • Style: 2 Story
  • Type: 5+ Units
  • Annual Insurance Expense: 1780
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 10
  • Number Of Units In Bldg: 10
  • Utilities Yr: 6180
  • Agent Only_ L A1 User Code: 10344
  • Elementary School: District 205-RFD
  • Estimated Total Finished Sq Ft: 8262
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: A great investment opportunity in the heart of Rockford with great cashflow. A rare 10 family features spacious 1 bedroom units with kitchen, living rooms and bathroom and balcony. Each unit has a storage space and garage. 2 buildings with 6 and 4 units respectively. Currently fully rented for 750 per 7 units and 800 for 3 units.
  • Designated Managing Broker Y N: No
  • Separate Electric: Yes
  • Separate Heat: Yes
  • Separate Water Y N: No
  • Washer Dryer Coin Operated: No
  • Washer Dryer Hookups: Yes
  • Washer Dryer: Yes
  • Estimated Above Grade Sq Ft: 6262
  • L O1 Brokerage Number: 477012643
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Price Per Sq Ft: 91.38
  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone
  • Roof: Rubber, Tile

Garage/Parking

  • Total Numberof Parking Spaces: 10

Utilities

  • Cooling: Window Unit
  • Heating: Baseboard, Electric
  • Sewer: City
  • Water: City
  • Water Heater: Gas
  • Separate Utilities: Yes

Schools

  • School District: Rockford 205
  • Elementary School: District 205-RFD
  • Middle School: District 205-RFD
  • High School: District 205-RFD

Building Info

  • Year Built: 1977

Tax Info

  • Year: 2024
  • Taxes: 13563

MLS Schools

  • HighSchool: District 205-RFD
  • School District: Rockford 205
  • Middle School: District 205-RFD

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $13,563 $143,127 $6,654 $136,473
2023 $11,913 $114,730 $5,867 $108,863
2022 $11,716 $102,547 $5,244 $97,303
2021 $11,524 $94,028 $4,808 $89,220
2020 $11,430 $88,890 $4,545 $84,345
2019 $11,350 $84,722 $4,332 $80,390
2018 $11,432 $79,844 $4,082 $75,762
2017 $11,337 $76,413 $3,907 $72,506
2016 $11,327 $74,981 $3,834 $71,147
2015 $11,469 $74,981 $3,834 $71,147
2014 $11,235 $74,988 $3,834 $71,154
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2025 08/19/25 For Sale $755,000 -- $91 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $450,000 Midwest Law Works Llc
Warranty Deed $360,000 None Listed On Document
Grant Deed $319,000 --
Deed $327,500 --
Source: Public Records

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Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202505050

NorthWest Illinois Alliance of REALTORS®

APN: 11-24-382-016

Illinois Winnebago County Rockford 61104 Miracle Mile

1602 E State St, Rockford, IL

This home is located at 1602 E State St, Rockford, IL 61104 and is currently priced at $755,000, approximately $91 per square foot. This property was built in 1977. 1602 E State St is a home located in Winnebago County with nearby schools including Bloom Elementary School, Abraham Lincoln Middle School, and Rockford East High School.

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NorthWest Illinois Alliance of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Carlos Serna
Listing Agent
Carlos Serna
Section Image
Century 21 Affiliated
(779) 223-1236