Belvidere IL Multi Family for Sale
$380,000
601 Pearl Street Belvidere, IL 61008
ADDITIONAL INFORMATION
Investor opportunity alert! Beautiful Victorian fully rented 6-unit multifamily on 0.7-acre lot with 4 car garage with additional workshop, ample parking, and huge lot. Two 1-bedroom and four studio apartments. Front spiral staircase leads to the 3rd floor tower great with gorgeous views and a quiet atmosphere. Basement also has tenant storage closets, work/supply area and coin operated washer/dryer. Potential 7th basement apartment to rehab. All newer electrical and remodeled baths. GHW system. Separate electric meter for tenants. Tenant owned window AC units. Sold as is and no VA/FHA
ADDITIONAL INFORMATION
Package multi-family deal with great cash flow. Downtown Belvidere in a opportunity zone. 120 E Madison ~ 10 units - (9) 1 bedroom & (1) studio. 115 E Madison ~ (2) 2 bedrooms, (1) 1 bedroom, (4) studios. Needs some TLC priced accordingly. Package price $780,000.
ADDITIONAL INFORMATION
Package multi-family deal with great cash flow. Downtown Belvidere in a opportunity zone. 120 E Madison ~ 10 units - (9) 1 bedroom & (1) studio. 115 E Madison ~ (2) 2 bedrooms, (1) 1 bedroom, (4) studios. Needs some TLC priced accordingly. Package price $780,000.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Year built:
- 1900
- Baths:
- 2.00
- MLS#:
- 12133627
View additional info
Courtesy: Keller Williams Realty Signature
815-315-1111
ADDITIONAL INFORMATION
Unlock a prime investment opportunity with this charming duplex in beautiful Belvidere, IL. This property features two separate units, each offering 2 cozy bedrooms and 1 bathroom, perfect for attracting tenants. Both units come with refrigerators, adding to their appeal and convenience. With four dedicated parking spots, tenants will enjoy hassle-free parking. Whether you're looking to expand your investment portfolio or find a multi-family home with rental potential, this duplex offers both flexibility and promise in a desirable location. Don't miss out on this exceptional opportunity!
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Belvidere Real Estate
The median home value in Belvidere, IL is $235,000. This is higher than the county median home value of $214,100. The national median home value is $338,100. The average price of homes sold in Belvidere, IL is $235,000. Approximately 69.57% of Belvidere homes are owned, compared to 25.08% rented, while 5.34% are vacant. Belvidere real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Belvidere real estate agent to arrange a tour today!
Belvidere, Illinois has a population of 25,179. Belvidere is less family-centric than the surrounding county with 26.45% of the households containing married families with children. The county average for households married with children is 31.2%.
The median household income in Belvidere, Illinois is $57,507. The median household income for the surrounding county is $74,076 compared to the national median of $69,021. The median age of people living in Belvidere is 36.9 years.
Belvidere Weather
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 12.7 degrees. The average rainfall is approximately 36.8 inches per year, with 34.7 inches of snow per year.