Multi-Family: MLS #12522691 Belvidere, IL ^$ 425,000

Multi-Family: MLS #12522691

^$ 425,000

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Multi-Family: MLS #12522691

Name: address
Address: IL, 61008

Belvidere, IL, 61008

^$ 425,000

Bedrooms8 Baths0.0 Sq 4,832

Monthly Estimate*

^$ 2,651

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Multi-Family Home for sale in Belvidere, IL

for $425,000 with 8 bedrooms. This 4,832 square foot home was built in 1900 on a lot size of 0.82.

AMAZING INVESTMENT OPPORTUNITY SITTING ON .82 ACRES THAT BACKS UP TO BELVIDERE PARK AND BOASTS GREAT VIEWS OF THE RIVER! 5 UNITS INCLUDING A 3 UNIT 2 STORY HOME AND 2 RANCH STYLE HOMES ON SAME PARCEL. SEPARATE UTILITIES EXCEPT WATER/SEWER & GARBAGE. SELLER PAYS GAS FOR WTR HTR. ALL UNITS HAVE LEASES. LTRS OF RENT INCREASE 1/1/26 HAVE BEEN SENT. RENTS 1/1 WILL BE: UNITS 1& 2 $1100, UNIT 3 $800, AND UNITS 4 & 5 $1000 MTHLY. MAINTAINED & SHOWS WELL. AMPLE PARKING, 1 CAR GARAGE AND STORAGE SHED. MUST SEE TO APPRECIATE.

Multi-Family Active

Price

^$ 425,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 9,123

Style

Legal Non Conforming

Lot Size

0.82

Year Built

1900

Town/City

Belvidere

County/Region

Boone

MLS | Web ID

12522691

Features

General

Cooling Window Unit(s)

Possession Closing Tenant's Rights

Zoning MULTI

Construction Materials Vinyl Siding

Year Built 1900

Tenant Pays Electricity Heat

Stories Count 2

Township Belvidere

Tax Year 2024

Current Use Legal Non Conforming

Gross Income 43380

County Boone

Net Operating Income 22564

Operating Expense 20815

Insurance Expense 5250

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 0

Status Active

Directions West on Locust at State St.

City Belvidere

Number Of Units Total 5

MLS Area Belvidere

Lot Size Square Feet 36077

Tax Annual Amount 9123.24

Electric Expense 0

Fuel Expense 660

Trash Expense 1208

Water Sewer Expense 1190

Additional Parcels Y/N N

Virtual Tour https://listings.clearskyimagery.com/sites/okpjelo/unbranded

Standard Status Active

Exterior

Water Source Community Water

Building Area Total 4832

Lot Dimensions 132X273.47

Lot Size Acres 0.82

Frontage Type City Street

* Excluded Features

List By

Berkshire Hathaway Homeservices Starck Real Estate

Broker

kcooley@aol.com

Affordability Calculator

$3,412

Per Month

Monthly Principal & Interest: $2,651
Monthly Property Taxes: $760
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in Belvidere, IL

Average List Price ^$464,543

Percent of Sale Price 9%

About Belvidere, IL

25,295 Population

20% Since 2002

^$47,085 Median Income

35.47 Median Age

37% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/26/2025	$425,000		Listed Price

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*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 12/7/2025.

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Multi-Family: MLS #12522691

Multi-Family Home for sale in Belvidere, IL

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