3304 W State Street, Rockford, IL 61102
Winnebago County
Key Facts
Description
Outstanding mixed-use investment opportunity with exceptional income potential! This well-maintained property features two spacious 3-bedroom, 1-bath residential apartments, making it an ideal addition to any investment portfolio or a perfect owner-occupant opportunity. The main residential unit has been tastefully updated with a desirable open-concept floor plan, an updated kitchen, luxury vinyl plank (LVP) flooring, and fresh interior paint, creating a modern and inviting living space. Recent electrical updates provide added value and peace of mind. The property also includes a full basement, offering abundant storage and additional utility space, as well as an extra lot dedicated to off-street parking-a rare and valuable amenity for both residential tenants and commercial customers. Situated on highly traveled West State Street, the commercial storefront enjoys outstanding visibility and is well suited for retail, office, or service-based businesses. The combination of residential rental income, commercial potential, ample parking, and recent improvements makes this a unique opportunity with multiple revenue streams. Whether you're looking to expand your investment portfolio or operate your business while generating rental income, this versatile property is a must-see. Schedule your private showing today!
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1930
Stories
2
Lot Size
5,663 sq ft
Lot Dimensions
5663
Zoning
MULTI
Days on Market
7
MLS® Listing#
12658758
Property Features
Cooling
Flooring
Financial Details
Annual Taxes
$1,646
Tax year 2025
Parcel Number
1120278007
Directions
Take US-20 Business (State Street) to Oakwood Avenue. Proceed to 231 Oakwood Ave.
Affordability Calculator
$48,500
Estimated monthly payment
$1,291/mo
Principal $194,000 · Est. interest $270,647 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Rockford, IL
- $229,630
- Median Listing Price
- 27
- Median Days on Market
- 1,584
- Median Sq Ft
- $123
- Median Price / Sq Ft
- 310
- Active Listings
- This home’s price is 6% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Rockford, IL.
Location
Points of Interest in Rockford, IL
Showing the Rockford area map.
Nearby Schools
Kennedy Middle School
Secondary · 0.4 mi away
Galapagos Rockford Charter School
Elementary · 0.5 mi away
W Ray McIntosh Elementary School
Elementary · 0.7 mi away
Auburn High School
Secondary · 0.7 mi away
Lewis Lemon Elementary School
Elementary · 0.9 mi away
Dennis Elementary School
Elementary · 0.9 mi away
Ellis Elementary School
Elementary · 1.1 mi away
Barbour Elementary School
Elementary · 1.7 mi away
Berean Baptist Church
School · 1.8 mi away
Washington Elementary School
Elementary · 2.0 mi away
St Paul Academy
School · 2.0 mi away
Page Park Elementary School
Elementary · 2.0 mi away
King Elementary School
Elementary · 2.1 mi away
Haskell Academy
Elementary · 2.1 mi away
Resa Middle School
Secondary · 2.2 mi away
Roosevelt Community Education Center
Secondary · 2.2 mi away
Summerdale Early Childhood Center
School · 2.2 mi away
West Middle School
Secondary · 2.2 mi away
Julia Lathrop Elementary School
Elementary · 2.3 mi away
St Bernadette Catholic School
School · 2.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 710 Kishwaukee Street, ROCKFORD, IL | $169,900 | 6 | — | — |
| 945 NORTH Avenue, ROCKFORD, IL | $169,900 | 3 | — | 1,766 |
| 3447 Broadway, ROCKFORD, IL | $169,900 | 3 | — | 1,124 |
| 710 Kishwaukee Street, Rockford, IL | $169,900 | 6 | 2 | — |
| 945 NORTH Avenue, Rockford, IL | $169,900 | 3 | 2 | 1,316 |
| 3447 Broadway, Rockford, IL | $169,900 | 3 | 1 | 1,124 |
Moving Cost Estimate
EXIT Agents in Rockford
Listing Courtesy: RE/MAX Liberty - 6308252700
Last Updated: 2026-07-04