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3304 W State St, Rockford, IL, 61102

6beds
2baths
--sqft
$232,500
--price/sqft
$2,047/moest. monthly cost
$81,880/yrincome needed

About This Home

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!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
23
BikeSomewhat Bikeable

Schools

5/10
Winnebago Middle SchoolGrades 6-85.1 mi
3/10
Winnebago High SchoolGrades 9-125.1 mi

Construction

Condition

  • Year built: 1930

Materials

  • Construction materials: Aluminum Siding

Notable Dates

  • Major remodel year: 2026

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished,Storage Space,Full

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 2
  • Full bathrooms: 2

Heating

  • Heating features: Natural Gas

Property

Details

  • Parcel number: 1120278007
  • Special condition: None

Lot

  • Lot size: 5,663 sqft

Parking

  • Total spaces: 5
  • Parking features: Yes