514-518 E Macomb Street Belvidere, IL $ 475,000
514-518 E Macomb Street
$ 475,000
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514-518 E Macomb Street

Belvidere, IL, 61008
$ 475,000
Bedrooms4 Baths3.0 Sq 2,216

Monthly Estimate*

$ 3,318

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Multi-Family Home for sale in Belvidere, IL

for $475,000 with 4 bedrooms and 3 full baths. This 2,216 square foot home was built in 1900 on a lot size of 0.2.

Exceptional Investment Opportunity in Prime Location - Fully Leased Triplex Discover the perfect addition to your real estate portfolio with this immaculately maintained, fully leased triplex. Each unit in this building boasts individual meters and modern amenities, making it an ideal choice for discerning investors. Unit 514: Experience the unique charm of this townhouse-style unit, featuring one bedroom and one bath. The residence includes upscale finishes such as granite countertops, a kitchen island, and added security with a personal safe and gun safe. Perfect for those who value both style and security. Unit 516: This townhouse-style unit offers a spacious layout with two bedrooms and one bath. Enjoy a beautifully designed living room that flows seamlessly into a well-equipped kitchen, creating an inviting atmosphere for relaxation and entertainment. Unit 518: A sleek ranch-style unit with one bedroom and one bath, highlighted by modern quartz countertops and the convenience of an in-unit washer and dryer. This unit exemplifies ease and elegance. Additional Features: All tenants can benefit from a spotless shared basement featuring washer and dryer hookups, ensuring practicality and convenience. This property not only offers aesthetic appeal and functionality but also stands as a testament to thoughtful design and investment foresight. Situated in a desirable area, this building promises continuous appeal and profitability.

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Multi-Family Active

Price

$ 475,000

Bedrooms

4

Full Bath

3

Property Type

Multi-Family

Taxes

$ 3,422

Style

Lot Size

0.2

Year Built

1900

Town/City

Belvidere

County/Region

Boone

MLS | Web ID

12051469

Features
General
Sewer Public Sewer
Heating Natural Gas Forced Air
Possession Closing
Roof Asphalt
Year Built 1900
Township Belvidere
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 36600
County Boone
Net Operating Income 29750
Insurance Expense 3368
New Construction N
Property Type Residential Income Two to Four Units
Other Structures Shed(s)
Total Rooms 13
Status Active
Directions US-20 BUS E. Continue straight onto N State St. Turn left onto E Macomb St. Destination will be on the left.
High School Belvidere North High School
City Belvidere
High School District 100
MLS Area Belvidere
Waterfront Y/N N
Street Name Macomb
Elementary School Lincoln Elementary School
Tax Annual Amount 3422.46
Middle/Junior High School Belvidere Central Middle School
Days on Market 6
Standard Status Active
Middle/Junior School District 100
Elementary School District 100
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Interior
Basement Full Unfinished
Street Suffix Street
Total Bedrooms 4
Total Baths 3
Bedrooms Possible 4
Full Baths Building 3
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features Unassigned
Water Source Public
Total Parking 4
Lot Dimensions 66X132
Lot Size Acres 0.2
Other Equipment Sump Pump
Exterior Vinyl Siding
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* Excluded Features
List By
Re/Max Suburban

Broker

jason@bittonhomes.com

Email

Affordability Calculator

$3,603
Per Month
92%
8%
0%
Monthly Principal & Interest
$3,318
Monthly Property Taxes
$285
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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
1540345 Elementary School
1537875 Middle School
Belvidere North High School High School
Pricing History
DatePricePrice ChangeDescription
5/9/2024$475,000 Listed Price

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514-518 E Macomb Street, Belvidere, IL, 61008 is a Multi-Family Home for sale at $475,000 with 2,216 sqft and a lot size of 0.2. 514-518 E Macomb Street has 4 bedrooms, 3.0 baths, and was built in 1900. The property's zip code is 61008 which is in Belvidere, IL