$475,000

522 S State St Belvidere, IL 61008

Estimated payment $2,922/month

Total Views 33,717
Studio
-- Bath
4,180 Sq Ft
$114 Price per Sq Ft

About This Home

Turnkey mixed-use investment in the heart of Downtown Belvidere. This property offers immediate cash flow with an established main-level bar, featuring a full kitchen, 5 slot machines, and 3 pool tables. The second level houses five fully equipped residential lofts (stove/fridge/microwave included), all occupied by long-term tenants. Well-maintained with Central A/C throughout. Situated near the future 2027 Metra station, this asset is positioned for exceptional appreciation and consistent income.

Listing Agent

Fidel Batres

Keller Williams Realty Signature License #475133262 Listed on: 10/03/2025

Keller Williams Realty Signature

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,732

Year Built

  • Built in 1889

Home Design

  • Metal Roof
  • Concrete Siding

Interior Spaces

  • 2-Story Property
  • Basement

Kitchen

  • Oven
  • Stove
  • Range
  • Microwave

Parking

  • 20 Car Parking Spaces
  • Additional Parking

Schools

  • Seth Whitman Elementary School
  • Belvidere Central Middle School
  • Belvidere North High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Gas Water Heater

Community Details

  • 5 Units
  • 3-Story Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,732

Year Built

Built in 1889

Lot Details

3,703 Sq Ft Lot

Listing Details

  • Electric: Fuses
  • Appliances That Stay or Are Included: Microwave, Refrigerator, Stove/Cooktop, Oven
  • Class: MULTIFAMILY
  • Estimated Below Grade Finished Sq Ft: 1000
  • General Features: Additional Parking
  • 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
  • Lvt Date: 10/03/2025
  • Style: 2 Story
  • Type: 5+ Units
  • Maintenance Yr: 600
  • Number Of Floors In Bldg: 3
  • Number Of Tenants In Bldg: 5
  • Number Of Units In Bldg: 5
  • Utilities Yr: 3600
  • Agent Only_ L A1 User Code: 6028
  • Elementary School: Seth Whitman Elem
  • Estimated Total Finished Sq Ft: 4180
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: Turnkey mixed-use investment in the heart of Downtown Belvidere. This property offers immediate cash flow with an established main-level bar, featuring a full kitchen, 5 slot machines, and 3 pool tables. The second level houses five fully equipped residential lofts (stove/fridge/microwave included), all occupied by long-term tenants. Well-maintained with Central A/C throughout. Situated near the future 2027 Metra station, this asset is positioned for exceptional appreciation and consistent income.
  • Designated Managing Broker Y N: No
  • Separate Electric: Yes
  • Separate Heat: Yes
  • Separate Water Y N: Yes
  • Washer Dryer Coin Operated: No
  • Washer Dryer Hookups: No
  • Washer Dryer: No
  • Estimated Above Grade Sq Ft: 3180
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes

Exterior Features

  • Exterior: Concrete
  • Roof: Metal

Garage/Parking

  • Total Numberof Parking Spaces: 20

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Sewer: City
  • Water: City
  • Water Heater: Gas
  • Separate Utilities: Yes

Building Info

  • Year Built: 1889

Tax Info

  • Year: 2024
  • Taxes: 5732

MLS Schools

  • HighSchool: Belvidere North
  • School District: Belvidere 100
  • Middle School: Belvidere Central Middle

Map

Range of Values:

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Value Increase
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Percent Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2025 10/03/25 For Sale $475,000 -- $114 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $250,000 --
Source: Public Records

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202506148

NorthWest Illinois Alliance of REALTORS®

APN: 05-25-360-007

Illinois Boone County Belvidere 61008

522 S State St, Belvidere, IL

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NorthWest Illinois Alliance of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Fidel Batres
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