Nicholas Rhoads
HomeSmart Connect LLC
(815) 981-4286
64 Total Sales
6 in Belvidere
$155K - $600K Price Range
522 S State St Belvidere, IL 61008
Belvidere Area
Studio
--
Baths
4,180
Sq Ft
3,703
Sq Ft Lot
About This Home
As of September 2026Prime 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.
Last Agent to Sell the Property
Keller Williams Realty Signature License #475133262 Listed on: 06/05/2026
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 29, 2007
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Belvidere, IL
-
Nicholas Rhoads
-
Ben Broughton
Ben Broughton
RE/MAX Connections II
(815) 923-3225
248 Total Sales
7 in Belvidere
$68K - $153K Price Range
-
Malcolm Payne
Malcolm Payne
Payne Realty GA
(470) 747-6786
155 Total Sales
2 in Belvidere
$500,000 Price Range
-
Valarie Werderitch
Valarie Werderitch
Berkshire Hathaway HomeServices Starck Real Estate
(815) 923-3252
231 Total Sales
1 in Belvidere
$296,000 Price
-
Karen Streelman
Karen Streelman
eXp Realty
(815) 393-1156
72 Total Sales
3 in Belvidere
$176K - $200K Price Range
-
Ankita Patel
Ankita Patel
Keller Williams Realty Signature
(855) 680-4378
12 Total Sales
2 in Belvidere
$270,000 Price Range
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/04/2026 09/04/26 | Sold | $390,000 | -13.3% | $93 / Sq Ft |
| 08/12/2026 08/12/26 | Pending | -- | -- | -- |
| 06/05/2026 06/05/26 | For Sale | $450,000 | -- | $108 / Sq Ft |
Source: NorthWest Illinois Alliance of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,993 | $62,695 | $4,909 | $57,786 |
| 2024 | $4,993 | $56,752 | $4,909 | $51,843 |
| 2023 | $4,906 | $55,242 | $4,909 | $50,333 |
| 2022 | $5,115 | $52,819 | $4,909 | $47,910 |
| 2021 | $5,036 | $51,880 | $4,909 | $46,971 |
| 2020 | $5,350 | $51,880 | $4,909 | $46,971 |
| 2019 | $5,476 | $51,880 | $4,909 | $46,971 |
| 2018 | $5,727 | $51,880 | $4,909 | $46,971 |
| 2017 | $5,511 | $51,800 | $4,990 | $46,810 |
| 2016 | $5,653 | $50,959 | $4,909 | $46,050 |
| 2015 | $5,815 | $50,959 | $4,909 | $46,050 |
| 2014 | $1,044 | $56,672 | $4,566 | $52,106 |
Source: Public Records
Agents Affiliated with this Home
-
Fidel Batres
Seller's Agent in 2026
Fidel Batres
Keller Williams Realty Signature
(815) 677-8331
971 Total Sales
-
Aimee Leon
Buyer's Agent in 2026
Aimee Leon
Gambino Realtors
(815) 516-7879
79 Total Sales
Map
Source: NorthWest Illinois Alliance of REALTORS®
MLS Number: 202603280
APN: 05-25-360-007
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.
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.
Nearby Homes
- 110 W 3rd St
- 820 Whitney Blvd
- 929 Garfield Ave
- 616 Julien St
- 628 Buchanan St
- 810 Warren Ave
- 724 5th Ave
- 1034 Whitney Blvd
- 524 W Lincoln Ave
- 410 E Hurlbut Ave
- 928 Julien St
- 611 E 6th St
- 401 W Madison St
- 824 Allen St
- 927 E Lincoln Ave
- 306 Beacon Dr
- 1428 Maple Ave
- 220 Beacon Dr
- 621 W 8th St
- 304 W Jackson St
Your Personal Tour Guide
Ask me questions while you tour the home.