601 Pearl Street Belvidere, IL ^$ 399,900

601 Pearl Street

^$ 399,900

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601 Pearl Street

Belvidere, IL, 61008

^$ 399,900

Bedrooms2 Baths0.0

Monthly Estimate*

^$ 2,462

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601 Pearl Street, Belvidere, IL 61008 - Image 10

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601 Pearl Street, Belvidere, IL 61008 - Image 12

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Multi-Family Home for sale in Belvidere, IL

for $399,900 with 2 bedrooms. This home was built in 1850 on a lot size of 0.7.

Exceptional investment opportunity just blocks from downtown Belvidere! This stunning 6-unit Victorian offers strong cashflow with all units currently rented. The building features four studio apartments and two 1-bedroom units, providing a desirable mix for tenants. Each unit has separate electric services. The property showcases incredible curb appeal with its iconic tower, detailed trim work, well-maintained exterior and large .7 acre lot. Inside, the building offers charming character along with practical updates, including updated electrical and solid mechanicals. Additional income potential with a detached 4-car garage and two separate workshop spaces that can be rented for added revenue. The basement offers the possibility for a 7th unit with renovation, creating even more upside for the next owner. Don't miss this rare multi-unit opportunity!

Multi-Family Contingent

Price

^$ 399,900

Bedrooms

Property Type

Multi-Family

Taxes

^$ 8,887

Style

Lot Size

0.7

Year Built

1850

Town/City

Belvidere

County/Region

Boone

MLS | Web ID

12582892

Features

General

Zoning MULTI

Year Built 1850

Tenant Pays Electricity

Stories Count 2

Tax Year 2024

Gross Income 56220

County Boone

Net Operating Income 35897

Operating Expense 20323

Insurance Expense 3753

Property Type Commercial Sale Multi Family 5+

Contingency Attorney/Inspection

MaintenanceExpense 0

Status Contingent

Directions On S State Street make a right onto W 1st Street. No Sign in yard

City Belvidere

Number Of Units Total 6

MLS Area Belvidere

Tax Annual Amount 8887

Electric Expense 0

Fuel Expense 3725

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Standard Status Active Under Contract

Exterior

Lot Dimensions 661 X 198 X 661 X 198

Lot Size Acres 0.7

* Excluded Features

List By

Keller Williams Realty Signature

Broker

olgakampmeier@gmail.com

Affordability Calculator

$3,203

Per Month

Monthly Principal & Interest: $2,462
Monthly Property Taxes: $741
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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 ^$306,371

Percent of Sale Price 23%

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
3/27/2026	$399,900	-5.91%	Price Down
3/4/2026	$425,000		Listed Price

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601 Pearl Street, Belvidere, IL, 61008 is a Multi-Family Home for sale at $399,900 with a lot size of 0.7. 601 Pearl Street has 2 bedrooms, 0.0 baths, and was built in 1850. The property's zip code is 61008 which is in Belvidere, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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 4/22/2026.

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601 Pearl Street

Multi-Family Home for sale in Belvidere, IL

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