$360,000
SOLD JUL 6, 2026
Studio
-- Bath
4,200 Sq Ft
0.4 Acre Lot

Sale Details

Date Sold: July 6, 2026

$86 Per Sq Ft

9% Below List Price

75 Days on Market

About This Home

As of July 2026

Prime mixed-use investment opportunity in the heart of Downtown Rockford! Located on highly visible East State Street, this approximately 3,600+ square foot two-story building offers immediate income with excellent upside potential. The main floor is currently leased to Jimmy John’s, providing stable rental income from a nationally recognized brand and generating consistent foot traffic in this busy downtown corridor. The second floor features two apartment units ready for renovation, presenting a strong value-add opportunity. With high ceilings, skylights, and abundant natural light, these units have the potential to be transformed into attractive loft-style apartments that fit perfectly with the growing demand for downtown living. An additional benefit is the convenient public parking lot located next to and behind the building, offering easy access for both commercial customers and future residential tenants. Surrounded by restaurants, shops, entertainment venues, and ongoing downtown development, this property enjoys excellent visibility and a prime location in Rockford’s revitalizing city center. Whether you're an investor looking for income with upside or a developer seeking a downtown mixed-use project with character, this property offers tremendous potential.

Last Agent to Sell the Property

Jorge DaSilva

Key Realty, Inc License #475181452 Listed on: 03/13/2026

Key Realty, Inc

Last Buyer's Agent

Robert Walsh

DICKERSON & NIEMAN License #471020452

DICKERSON & NIEMAN
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,811

Year Built

  • Built in 1879

Home Design

  • Shingle Roof
  • Concrete Siding

Interior Spaces

  • 4,200 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Electric Water Heater

Community Details

  • 3 Units
  • 2-Story Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,811

Year Built

Built in 1879

Lot Details

0.4 Acres

Listing Details

  • Electric: Circuit Breaker
  • Class: MULTIFAMILY
  • Legal Description: ASSRS PLAY BLK 16 EAST RKFD OT 015 BLOCK 016
  • Lvt Date: 03/13/2026
  • Style: 2 Story
  • Type: 3 - 4 Units
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 3
  • Number Of Units In Bldg: 3
  • Agent Only_ L A1 User Code: 110340
  • Elementary School: District 205-RFD
  • Estimated Total Finished Sq Ft: 4200
  • Hold Earnest Money Y N: No
  • Pertinent Facts: Prime mixed-use investment opportunity in the heart of Downtown Rockford! Located on highly visible East State Street, this approximately 3,600+ square foot two-story building offers immediate income with excellent upside potential. The main floor is currently leased to Jimmy John’s, providing stable rental income from a nationally recognized brand and generating consistent foot traffic in this busy downtown corridor. The second floor features two apartment units ready for renovation, presenting a strong value-add opportunity. With high ceilings, skylights, and abundant natural light, these units have the potential to be transformed into attractive loft-style apartments that fit perfectly with the growing demand for downtown living. An additional benefit is the convenient public parking lot located next to and behind the building, offering easy access for both commercial customers and future residential tenants. Surrounded by restaurants, shops, entertainment venues, and ongoing downtown development, this property enjoys excellent visibility and a prime location in Rockford’s revitalizing city center. Whether you're an investor looking for income with upside or a developer seeking a downtown mixed-use project with character, this property offers tremendous potential.
  • 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: No
  • Estimated Above Grade Sq Ft: 4200
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Type: Full
  • Basement: Yes

Exterior Features

  • Exterior: Concrete
  • Roof: Shingle

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: City
  • Water: City
  • Water Heater: Electric

Building Info

  • Year Built: 1879

Tax Info

  • Year: 2024
  • Taxes: 4811

MLS Schools

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2023
Sold by
Bought by

Purchase Details

Closed on
Feb 1, 2019
Sold by
Bought by

Purchase Details

Closed on
Dec 1, 2018
Sold by
Bought by

Purchase Details

Closed on
Oct 4, 2018
Sold by
Bought by
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $259,000 None Listed On Document
Quit Claim Deed -- None Listed On Document
Grant Deed -- Title Underwriters Agency
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- Kowalski David S
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/06/2026 07/06/26 Sold $360,000 -8.9% $86 / Sq Ft
05/27/2026 05/27/26 Pending -- -- --
03/13/2026 03/13/26 For Sale $395,000 -- $94 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $4,995 $56,575 $3,715 $52,860
2024 $4,811 $50,772 $3,334 $47,438
2023 $4,649 $44,769 $2,940 $41,829
2022 $4,572 $40,015 $2,628 $37,387
2021 $4,497 $36,691 $2,410 $34,281
2020 $4,460 $34,686 $2,278 $32,408
2019 $4,429 $33,059 $2,171 $30,888
2018 $3,766 $31,156 $2,046 $29,110
2017 $4,424 $29,817 $1,958 $27,859
2016 $4,420 $29,258 $1,921 $27,337
2015 $3,085 $20,169 $1,921 $18,248
2014 $3,001 $20,172 $1,921 $18,251
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202601383

NorthWest Illinois Alliance of REALTORS®

APN: 11-23-382-019

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