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$275,000 -$24,900 (-8.3%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 3 Total Beds
  • Updated 4 days ago
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Income-producing mixed-use opportunity in Rockford's Midtown District! 602-608 7th Street features two (2) second-floor residential units that are already rented and generating a combined $1,800/month ($21,600 annually) in rental income. The main level offers two (2) commercial storefronts currently opened into one larger space and set up for a barbershop. The commercial space is ready for immediate use, giving a new owner the flexibility to operate their own business, lease the space for additional income, or reconfigure it for another concept. With established residential income, annual property taxes of just $2,635, and significant upside through the first-floor commercial space, this property offers a strong opportunity for an investor or owner-user. Bring your ideas and take advantage of the potential in Midtown Rockford!

Full Property Details for 602 7th St

General

  • Price: $275,000
  • Taxes: $2,635 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12755899
  • Updated: 10/26/2026
  • Added to Site: 50 day(s) ago

Interior

  • Basement: Partially

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Upper - Full Baths: 2

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Other Features: School Bus Service, Commuter Bus

Location

  • Area: Rockford
  • County: Winnebago
  • Township: Rockford
  • Driving Directions: Head south on 7th Street. At 5th Avenue intersection, building is located on SE corner.

School Information

  • School District: 205
  • Elem School District: 205
  • Midd School District: 205
  • High School District: 205

Heating & Cooling

  • Heating Type: Gas, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Partially Finished, Full
  • Year Built: 1880
  • Built Before 1978: Yes
  • Remodeled/Updated: 2026

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size (Acres): 0.08
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 39.5 x 93 x 39.5 x 93

Financial Considerations

  • Assessment Year: 1880
  • Tax Amount: $2,635
  • Tax Year: 2025
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 1126283001

Listed by Realty of America, LLC

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— 602 7th St —

  • Realty of America, LLC

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 602 7th St

School District:Rockford School District 205
NameGradesDistance
C Henry Bloom Elementary School
2912 Brendenwood Road, Rockford, IL 61107
K-52.1 mi
Abraham Lincoln Middle School
1500 Charles Street, Rockford, IL 61104
6-80.5 mi
Rockford East High School
2929 Charles Street, Rockford, IL 61108
9-121.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 602 7th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/26/2026
Price Reduced
$275,000
-8.3%
MLS
9/10/2026
Listed
$299,900
66.61%
MLS
10/28/2025
Sold
$180,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 602 7th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,635
-9%
$29,849
-2%
2024
$2,885
100%
$30,440
13%
2023
-100%
$26,841
12%
2022
$2,782
29%
$23,991
36%
2021
$2,162
—
$17,637
6%
2021
$2,162
2%
$16,673
5%
2019
$2,129
19%
$15,891
32%
2017
$1,786
—
$12,037
2%
2016
$1,784
-1%
$11,811
—
2015
$1,807
-15%
$11,811
-21%
2018
$2,137
21%
$14,975
27%
2014
$1,770
1%
$11,811
-6%
2013
$1,757
2%
$12,547
-6%
2012
$1,717
—
$13,307
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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602 7th Street, Rockford, IL 61104 (MLS# 12755899) is a Multi-Family property with 4 units containing 3 bedrooms and 0 full bathrooms. 602 7th Street is currently listed for $275,000 and was received on September 10, 2026. Want to learn more about 602 7th 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.

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