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$232,500 -$10,000 (-4.12%) Price Reduced
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Property 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!
Full Property Details
Full Property Details for 3304 W State St
General
- Price: $232,500
- Taxes: $1,646 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12658758
Interior
- Interior Features: Passenger Elevator(s), Laundry Room
- Flooring: Vinyl
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: Rockford
- County: Winnebago
- Driving Directions: Take US-20 Business (State Street) to Oakwood Avenue. Proceed to 231 Oakwood Ave.
- Location Details: Out of Area, Corner
Heating & Cooling
- Cooling Type: None
- Heating Type: Central Heat/Individual Controls, Forced Air, Gas
Utilities
- Trash: 600
Structural Information
- Sub-Flooring: Vinyl
- Stories/Levels: 2
- Current Bldg. Use: Commercial
- Year Built: 1930
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 2
- Units w/Range/Oven: 2
- # Dryers: 2
Lot Features
- Lot Size (Sq. Ft.): 5,663
- Lot Dimensions: 5663
- Potential Use: Commercial
- Zoning: MULTI
Financial Considerations
- Lease Price: $1
- Insurance Fee: $2,020
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1930
- Tax Amount: $1,646.07
- Tax Year: 2025
- Pays Electric: 2000
- Pays Trash: 600
Disclosures and Reports
- Property ID: 1120278007
Listed by RE/MAX Liberty
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Schools
Schools serving 3304 W State St
School District:Rockford School District 205
| Name | Grades | Distance |
|---|---|---|
Ellis Arts Academy 222 South Central Avenue, Rockford, IL 61102 | K-5 | 1.1 mi |
Kennedy Middle School, Rockford, IL 520 North Pierpont Avenue, Rockford, IL 61101 | 6-8 | 0.4 mi |
Auburn High School, Rockford, IL 5110 Auburn Street, Rockford, IL 61101 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 3304 W State St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,364
4%
$15,445
11%
2024
$1,314
100%
$13,861
13%
2023
-100%
$12,222
12%
2022
$1,267
3%
$10,924
9%
2021
$1,228
—
$10,016
6%
2021
$1,228
2%
$9,469
5%
2019
$1,209
—
$9,025
11%
2017
$1,208
—
$8,139
-4%
2018
$1,214
1%
$8,505
6%
2016
$1,207
-1%
$7,987
—
2015
$1,222
2%
$7,987
—
2014
$1,197
1%
$7,987
-6%
2013
$1,188
2%
$8,485
-6%
2012
$1,161
—
$8,999
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3304 W State St
3304 W State Street, Rockford, IL 61102 (MLS# 12658758) is a Commercial property. 3304 W State Street is currently listed for $232,500 and was received on July 04, 2026. Want to learn more about 3304 W State Street? Do you have questions about finding other Commercial real estate for sale in Rockford? You can browse all Rockford real estate or contact a Coldwell Banker agent to request more information.

