BEDS0
BATHS
SQUARE FEET1,761
MLS#202601125
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLBelvidere 100
Property Description
Exceptional investment opportunity just blocks from downtown Belvidere! This stunning 6-unit Victorian offers strong cash flow 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!
Property Features
Property Type: Multi Unit - Multiple
Heating: Hot Water/Steam
Home Style: 5+ Units
Roof Type: Shingle
Taxes: $8,887
Feature Descriptions
Exterior: Wood
General Features: Additional Parking
Separate Utilities: Yes
Sewer: City
Water: City
Local Schools
School District: Belvidere 100
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty Signature
Shown By
Agency Title: Gambino Realtors
Agency Phone: 815-282-2222
Estimate Your Payment
Estimated Payment
$ 2,795.02 per month $1,930.48 Principal & Interest $740.58 Property Tax $123.96 Homeowner's Insurance
601 Pearl Street | MLS# 202601125
This multi-family property located at 601 Pearl Street, Belvidere, IL 61008 is currently listed for sale with an asking price of $425,000. Pearl Street is located within the Belvidere 100 school district. Search Belvidere real estate on www.gogambino.com today.