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522 S State Street Belvidere, IL $ 475,000
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$ 475,000 Get more info
522 S State Street
$ 475,000
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Share Save

522 S State Street

Belvidere, IL, 61008
$ 475,000
Baths0.0 Sq 4,180

Monthly Estimate*

$ 2,963

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Studio

Multi-Family Home for sale in Belvidere, IL

for $475,000. This home is 4,180 square feet.

Prime investment opportunity in the heart of downtown Belvidere. This mixed-use commercial property features a well-established main-level business with a full bar, kitchen, three pool tables, five slot machines, and entertainment amenities including a juke box. The second level offers five fully equipped loft areas, each with a microwave, refrigerator, and stove, all occupied by long-term tenants providing consistent rental income. The property is well-maintained with central air and ceiling fans throughout, and its strategic location near the planned Metra train station opening in 2027 positions it for strong future appreciation. This asset combines immediate cash flow with excellent long-term growth potential.

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Multi-Family Active

Price

$ 475,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,732

Style

2 Story

Town/City

Belvidere

County/Region

Boone

MLS | Web ID

202506148
Features
General
Sewer City
Heating Forced Air Natural Gas
Cooling Central Air
Utilities 3600
Possession Closing
Roof Metal
Water City
Water Heater Gas
Electric Fuses
Style 2 Story
Class MULTIFAMILY
Type 5+ Units
Parcel Number 0525360007
HUD No
Tax Year 2024
Status ACTIVE and AVAILABLE
Subdivision IL
Sale/Rent For Sale
Status Detail 0
Short Sale No
Primary City Belvidere
Year Built 1889
High School Belvidere North
City BELVIDERE
Taxes 5732
School District Belvidere 100
Elementary School Seth Whitman Elem
Middle School Belvidere Central Middle
Legal Description 25-44-3 SLY 18' & WLY 35' OF SLY 38' OF LOT 19 & ALL OF LOTS 13 & 14 ASSRS SUR OF BLK 7 IN AARON WHITNEY'S ADD (EX ELY 20 FT X 38 FT OF LOTS 13 & 14). 522 S STATE ST
DOM 62
Postal Code 61008
Price Per Sq Ft Total AG 113.64
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Exterior
Exterior Concrete
Parking Spaces 20
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Interior
# of Units 5
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* Excluded Features
List By
Fidel Batres

Listing Agent

Keller Williams Realty Signature

Broker

fidel@fidelityrealestategrp.com

Email

Affordability Calculator

$3,441
Per Month
86%
14%
0%
Monthly Principal & Interest
$2,963
Monthly Property Taxes
$478
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2138144 Elementary School
2138182 Middle School
Belvidere North High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/3/2025$475,000 Listed Price

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522 S State Street, Belvidere, IL, 61008 is a Multi-Family Home for sale at $475,000 with 4,180 sqft. 522 S State Street is a studio with 0.0 baths. The property's zip code is 61008 which is in Belvidere, IL

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