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522 S State Street Belvidere, IL $ 450,000
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$ 450,000 Get more info
522 S State Street
$ 450,000
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522 S State Street

Belvidere, IL, 61008
$ 450,000
Baths0.0 Sq 4,180

Monthly Estimate*

$ 2,771

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Studio

Multi-Family Home for sale in Belvidere, IL

for $450,000. This home is 4,180 square feet.

Prime Downtown Belvidere Mixed-Use Investment Opportunity! This turnkey property offers strong, immediate cash flow with an established bar on the main level featuring a full kitchen, 5 gaming machines, and 3 pool tables. Upstairs, you'll find five fully occupied residential lofts, each equipped with a stove, refrigerator, and microwave, and occupied by long-term tenants. The building has been well maintained and features central air conditioning throughout. Located in the heart of Downtown Belvidere and just minutes from the planned Metra station expected in 2027, this property is well positioned for future growth, increased demand, and long-term appreciation. A rare opportunity to acquire a fully occupied, income-producing asset in a rapidly developing area.

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Multi-Family Active

Price

$ 450,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,732

Style

2 Story

Town/City

Belvidere

County/Region

Boone

MLS | Web ID

202603280
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 0
Postal Code 61008
Price Per Sq Ft Total AG 107.66
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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

fbatres@fidelityhomes123.com

Email

Affordability Calculator

$3,248
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,771
Monthly Property Taxes
$478
Monthly 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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THE TIME TO SELL IS NOW! What's my home worth?
Nearby
2138144 Elementary School
2138182 Middle School
Belvidere North High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/5/2026$450,000 Listed Price

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522 S State Street, Belvidere, IL, 61008 is a Multi-Family Home for sale at $450,000 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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