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$740,000
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Property Description
Office License 477012643. One non profit is currently renting all units in the building and varying year leases for the past 3 years. at $750/800. Tenants pay electric. Owner pays water/sewer and common area electric. 48hr notice for showing. Will show 1-2 units and rest upon inspection on accepted contract. 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.
Full Property Details
Full Property Details for 1602 E State St
General
- Sold For: $740,000
- Taxes: $13,563 (2024)
- Status: Closed
- Type: Multi-Family
- Source: 2606
- MLS ID: 202505050
- Added to Site: 150 day(s) ago
Interior
- Appliances: Refrigerator, Stove/Cooktop
Parking
- Total Spaces: 10
Location
- Area: Winnebago County
- County: Winnebago
- Subdivision: IL
School Information
- School District: Rockford 205
- Elementary School: District 205-RFD
- Middle School: District 205-RFD
- High School: District 205-RFD
Heating & Cooling
- Cooling Type: Window Unit
- Heating Type: Baseboard, Electric
- Water Heater: Gas
Utilities
- Sewer: City
- Water: City
- Sep. Elec Meters: Yes
Structural Information
- Architectural Style: 2 Story
- Exterior Const.: Brick/Stone
- Basement: Yes
- Roof: Rubber, Tile
- Square Feet: 8,262
- Year Built: 1977
Unit Information
Unit 1
- Square Feet: 626
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Square Feet: 626
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Square Feet: 626
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Total Bathrooms: 1
- Bedrooms: 1
Financial Considerations
- Price Per Sq. Ft.: $89.57
- For Sale/Rent/Lease: For Sale
- Tax Amount: $13,563
- Tax Year: 2024
Disclosures and Reports
- Legal Description: Murtfeldts Sub Lots 6 & 7 Blk 13
- Flood plain: Yes
Listed by Century 21 Affiliated
Sold by NorthWest Illinois Alliance of REALTORS®
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Schools
Schools serving 1602 E State St
School District:Rockford School District 205
| Name | Grades | Distance |
|---|---|---|
C Henry Bloom Elementary School 2912 Brendenwood Road, Rockford, IL 61107 | K-5 | 1.4 mi |
Abraham Lincoln Middle School 1500 Charles Street, Rockford, IL 61104 | 6-8 | 0.2 mi |
Rockford East High School 2929 Charles Street, Rockford, IL 61108 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1602 E State St
Date
Details
Price
Change
Source
11/25/2025
Sold
$740,000
-1.99%
MLS
8/19/2025
Listed
$755,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1602 E State Street, Rockford, IL 61104 (MLS# 202505050) is a Multi-Family property that was sold at $740,000 on November 25, 2025. Want to learn more about 1602 E State Street? Do you have questions about finding other Multi-Family real estate for sale in Rockford? You can browse all Rockford real estate or contact a Coldwell Banker agent to request more information.

