NOT LISTED FOR SALE

1609 E State St Rockford, IL 61104

Miracle Mile Neighborhood

Estimated Value: $833,000

22 Beds
13 Baths
9,493 Sq Ft
$88/Sq Ft Est. Value

Last Sold February 20, 2024

Last sale price $800,000 $84 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,684/month

66 Days on Market

Highlights

  • Property is near public transit
  • Brick or Stone Mason
  • Forced Air Heating System
  • Balcony
  • Storage
  • Hot Water Heating System

About This Home

As of February 2024

Great investment opportunity! 11 unit building & adjacent 2 family building totaling 13 units.7 two bedroom & 4 one bedroom units located at the desired State House. Remodeled units, coin operated laundry; wall AC units; storage area with Boiler heat, water & garbage included in rent. Separate electric. . Duplex next door (1613 E State St) with 2 bedrooms each; 2276 sq ft; New Roof and renovated! Detached garages with openers behind both buildings. 14 total garage spaces. Shared parking area. 10 units rented and Rents range from $600-780. 1 Vacant for showings Can be combined in a package with 4812 Javelin

Last Agent to Sell the Property

Carlos Serna

Century 21 Affiliated License #475161572 Listed on: 10/24/2023

Century 21 Affiliated

Last Buyer's Agent

NON-NWIAR Member

NorthWest Illinois Alliance of REALTORS®

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,768

Year Built

  • Built in 1965

Lot Details

  • 0.42

Parking

  • Additional Parking

Home Design

  • Brick or Stone Mason
  • Shingle Roof
  • Siding

Interior Spaces

  • 9,493 Sq Ft Home
  • 2-Story Property
  • Storage
  • Washer and Dryer
  • Basement

Kitchen

  • Stove
  • Range

Schools

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Hot Water Heating System
  • Heating System Uses Gas
  • Separate Meters
  • Gas Water Heater

Additional Features

  • Balcony
  • Property is near public transit

Community Details

Overview

  • 11 Units
  • 3-Story Building

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,768

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 9493
  • Front: 100
  • General Features: Additional Parking, Balcony, Laundry in Building, On Bus Route, Storage Area
  • Legal Description: Robertson-Baker & Freemans Addn, W 38.4 ft Lot 001, Block 002
  • Lvt Date: 10/24/2023
  • Rear: 100
  • Side 1: 182
  • Side 2: 182
  • Style: 2 Story
  • Type: 5+ Units
  • Calculate Cap Rate: Yes
  • Maintenance Yr: 4025
  • Number Of Floors In Bldg: 3
  • Number Of Tenants In Bldg: 12
  • Number Of Units In Bldg: 11
  • Utilities Yr: 13120
  • Agent Only_ L A1 User Code: 10344
  • Elementary School: District 205-RFD
  • Estimated Total Finished Sq Ft: 9493
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: Great investment opportunity! 11 unit building & adjacent 2 family building totaling 13 units.7 two bedroom & 4 one bedroom units located at the desired State House. Remodeled units, coin operated laundry; wall AC units; storage area with Boiler heat, water & garbage included in rent. Separate electric. . Duplex next door (1613 E State St) with 2 bedrooms each; 2276 sq ft; New Roof and renovated! Detached garages with openers behind both buildings. 14 total garage spaces. Shared parking area. 10 units rented and Rents range from $600-780. 1 Vacant for showings Can be combined in a package with 4812 Javelin
  • Designated Managing Broker Y N: No
  • Separate Electric: Yes
  • Separate Heat: No
  • Separate Water Y N: No
  • Washer Dryer Coin Operated: Yes
  • Washer Dryer Hookups: Yes
  • Washer Dryer: Yes
  • Estimated Above Grade Sq Ft: 9493
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone, Siding
  • Roof: Shingle

Garage/Parking

  • Total Numberof Parking Spaces: 13

Utilities

  • Cooling: Wall Unit
  • Heating: Forced Air, Hot Water/Steam
  • Sewer: City
  • Water: City
  • Water Heater: Gas
  • Separate Utilities: Yes

Building Info

  • Year Built: 1965

Tax Info

  • Year: 2022
  • Taxes: 13768

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2023
Closed on
Feb 23, 2024
Sold by
Freedom Properties Sgd Llc
Bought by
Mopo Llc Multi 2 Series
Seller's Agent
Carlos Serna
Century 21 Affiliated
Buyer's Agent
NON-NWIAR Member
NorthWest Illinois Alliance of REALTORS®
List Price
$850,000
Sold Price
$800,000
Premium/Discount to List
-$50,000
-5.88%
Views
163
Current Estimated Value
$833,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,000
Original Mortgage
$640,000
Outstanding Balance
$621,197
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 25, 2017
Closed on
Jan 17, 2019
Sold by
Trust No 129143
Bought by
Freedom Properties Sgd Llc
Seller's Agent
Jan Mansfield
Century 21 Affiliated
Buyer's Agent
Jesse Dabson
Key Realty
List Price
$425,000
Sold Price
$720,000
Premium/Discount to List
$295,000
69.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.10%
Original Mortgage
$520,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2002
Bought by
Lasalle Bank National Assoc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mopo Llc Multi 2 Series $800,000 None Listed On Document
Freedom Properties Sgd Llc $350,000 Metropolitan Title Agency Inc
Freedom Properties Sgd Llc $350,000 Chicago Title
Lasalle Bank National Assoc $422,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mopo Llc Multi 2 Series $640,000
Previous Owner Freedom Properties Sgd Llc $520,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/20/2024 02/20/24 Sold $800,000 -5.9% $84 / Sq Ft
12/29/2023 12/29/23 Pending -- -- --
10/24/2023 10/24/23 For Sale $850,000 +18.1% $90 / Sq Ft
01/23/2019 01/23/19 Sold $720,000 0.0% $76 / Sq Ft View Prior Sale
01/23/2019 01/23/19 Sold $720,000 +69.4% -- View Prior Sale
11/12/2018 11/12/18 For Sale $425,000 -41.0% --
10/25/2018 10/25/18 Off Market $720,000 -- --
01/31/2018 01/31/18 Price Changed $425,000 -5.5% --
10/25/2017 10/25/17 For Sale $449,900 -10.0% --
10/18/2016 10/18/16 For Sale $499,900 -- $53 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

Tax History Compared to Growth

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 $15,939 $168,195 $5,046 $163,149
2022 $13,768 $120,508 $3,977 $116,531
2021 $13,543 $110,497 $3,647 $106,850
2020 $13,432 $104,460 $3,448 $101,012
2019 $13,338 $99,561 $3,286 $96,275
2018 $13,434 $93,829 $3,097 $90,732
2017 $13,323 $89,797 $2,964 $86,833
2016 $13,310 $88,114 $2,908 $85,206
2015 $13,478 $88,114 $2,908 $85,206
2014 $13,109 $88,125 $2,910 $85,215
Source: Public Records

Agents Affiliated with this Home

  • Carlos Serna

    Seller's Agent in 2024

    Carlos Serna

    Century 21 Affiliated

    (815) 262-3919

    2 in this area

    240 Total Sales

    Carlos Serna
    Section Image

  • N

    Buyer's Agent in 2024

    NON-NWIAR Member

    NorthWest Illinois Alliance of REALTORS®

    NON-NWIAR Member
    Section Image
  • Jan Mansfield

    Seller's Agent in 2019

    Jan Mansfield

    Century 21 Affiliated

    (815) 742-0516

    24 Total Sales

    Jan Mansfield
    Section Image

  • J

    Buyer's Agent in 2019

    Jesse Dabson

    Key Realty

    Section Image
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202306207

NorthWest Illinois Alliance of REALTORS®

APN: 11-25-128-003

Illinois Winnebago County Rockford 61104 Miracle Mile

1609 E State St, Rockford, IL

Not Listed for Sale

MultiFamily

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