NOT LISTED FOR SALE

548 Shirland Ave South Beloit, IL 61080

Estimated Value: $121,000 - $213,000

6 Beds
4 Baths
2,460 Sq Ft
$70/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $100,000 $41 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $1,311/month

93 Days on Market

About This Home

As of August 2021

GREAT INCOME POTENTIAL FOR THIS TRI-PLEX, WITH A SEPARATE HOUSE IN BACK, AND A DETACHED 2-CAR GARAGE! The house was built in 1925 with full basement, and tri-plex was built in 1971 with partial basement. The tri-plex has two (2) one-bedroom, one-bath apartments, and one (1) two-bedroom, one bath apartment. The one bedroom apartments rent for $350/month each & the two-bedroom apartment rents for $550/month. All apartments are currently rented with month to month leases, have window A/C, wall heaters, & rent includes water, sewer, garbage & gas. The 2 BR house has its own separate utilities that the tenant pays (except water, sewer & garbage), rents for $600/month & is currently rented with a month to month lease. There are 2 gas meters, 2 water meters (but owner pays both), and 4 electric meters. The house roof is 1 year old and apartment roof 2 years old, and water heater is 2 years old. Laundry hookups in LL of house only. RIGHT ON WISCONSIN/ILLINOIS BORDER AND EASY TO RENT!

Last Agent to Sell the Property

Toni Vander Heyden

Keller Williams Realty Signature License #475142387 Listed on: 04/14/2021

Keller Williams Realty Signature

Last Buyer's Agent

Toni Vander Heyden

Keller Williams Realty Signature License #475142387 Listed on: 04/14/2021

Keller Williams Realty Signature

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,995

Lot Details

  • 7,841

Home Design

  • Shingle Roof
  • Siding

Interior Spaces

  • 2,460 Sq Ft Home
  • 1-Story Property
  • Partial Basement
  • Washer and Dryer Hookup

Parking

  • 6 Car Parking Spaces
  • Additional Parking

Schools

  • Clark Elementary School
  • South Beloit Jr High Middle School
  • South Beloit Sr High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Community Details

  • 4 Units
  • 1-Story Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,995

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 2460
  • Front: 60.52
  • General Features: Additional Parking, Main Floor Master
  • Grid: 31
  • Legal Description: FISHER MILLS + GOODHUES ADD TO THE TOWN OF BELOIT LOTS 3 & 2 BLOCK 10
  • Lvt Date: 04/14/2021
  • Rear: 63.67
  • Side 1: 132.69
  • Side 2: 132.21
  • Style: 1 Story
  • Type: 3 - 4 Units
  • Total Assessed Value: 42550
  • Number Of Floors In Bldg: 1
  • Number Of Tenants In Bldg: 4
  • Number Of Units In Bldg: 4
  • Utilities Yr: 3130
  • Agent Only_ L A1 User Code: 4978
  • Elementary School: Clark Elementary
  • Estimated Total Finished Sq Ft: 2460
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: GREAT INCOME POTENTIAL FOR THIS TRI-PLEX, WITH A SEPARATE HOUSE IN BACK, AND A DETACHED 2-CAR GARAGE! The house was built in 1925 with full basement, and tri-plex was built in 1971 with partial basement. The tri-plex has two (2) one-bedroom, one-bath apartments, and one (1) two-bedroom, one bath apartment. The one bedroom apartments rent for $350/month each & the two-bedroom apartment rents for $550/month. All apartments are currently rented with month to month leases, have window A/C, wall heaters, & rent includes water, sewer, garbage & gas. The 2 BR house has its own separate utilities that the tenant pays (except water, sewer & garbage), rents for $600/month & is currently rented with a month to month lease. There are 2 gas meters, 2 water meters (but owner pays both), and 4 electric meters. The house roof is 1 year old and apartment roof 2 years old, and water heater is 2 years old. Laundry hookups in LL of house only. RIGHT ON WISCONSIN/ILLINOIS BORDER AND EASY TO RENT!
  • Designated Managing Broker Y N: No
  • Separate Electric: Yes
  • Separate Heat: No
  • Separate Water Y N: No
  • Washer Dryer Coin Operated: No
  • Washer Dryer Hookups: Yes
  • Washer Dryer: No
  • Estimated Above Grade Sq Ft: 2460
  • L O1 Brokerage Number: 481011083
  • S O1 Brokerage Number: 481011083
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Type: Partial
  • Price Per Sq Ft: 40.65
  • Basement: Yes

Exterior Features

  • Exterior: Siding
  • Roof: Shingle

Garage/Parking

  • Total Numberof Parking Spaces: 6

Utilities

  • Cooling: Window Unit
  • Heating: Baseboard, Natural Gas
  • Sewer: City
  • Water: City
  • Water Heater: Gas
  • Separate Utilities: Yes

Schools

  • School District: South Beloit 320-Cnty of Winnebago
  • Elementary School: Clark Elementary
  • Middle School: South Beloit Jr High
  • High School: South Beloit Sr High
  • Elementary School #2: Riverview Elementary

Tax Info

  • Year: 2020
  • Taxes: 3995

MLS Schools

  • HighSchool: South Beloit Sr High
  • School District: South Beloit 320-Cnty of Winnebago
  • Middle School: South Beloit Jr High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2025
Sold by
Mcrae Roland and Mcrae Jessica
Bought by
J Mcrae Investments Llc
Current Estimated Value
$171,418

Purchase Details

Listed on
Apr 14, 2021
Closed on
Aug 31, 2021
Sold by
His Hands Inc
Bought by
Mcrae Roland and Mcrae Jessica
Seller's Agent
Toni Vander Heyden
Keller Williams Realty Signature
Buyer's Agent
Toni Vander Heyden
Keller Williams Realty Signature
List Price
$120,000
Sold Price
$100,000
Premium/Discount to List
-$20,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.58%
Original Mortgage
$75,000
Interest Rate
2.7%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
J Mcrae Investments Llc -- None Listed On Document
Mcrae Roland $100,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcrae Roland $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2021 08/31/21 Sold $100,000 0.0% $41 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
07/10/2021 07/10/21 Price Changed $100,000 -9.1% $41 / Sq Ft
04/14/2021 04/14/21 Price Changed $110,000 -8.3% $45 / Sq Ft
04/14/2021 04/14/21 For Sale $120,000 -- $49 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $4,524 $59,844 $2,852 $56,992
2023 $4,425 $53,361 $2,543 $50,818
2022 $4,280 $48,749 $2,323 $46,426
2021 $4,077 $45,620 $2,174 $43,446
2020 $3,995 $44,171 $2,105 $42,066
2019 $4,001 $42,550 $2,028 $40,522
2018 $3,951 $40,555 $1,933 $38,622
2017 $3,977 $38,872 $1,853 $37,019
2016 $3,916 $37,597 $1,792 $35,805
2015 $3,896 $36,737 $1,751 $34,986
2014 $3,586 $36,737 $1,751 $34,986
Source: Public Records

Agents Affiliated with this Home

  • Toni Vander Heyden

    Seller's Agent in 2021

    Toni Vander Heyden

    Keller Williams Realty Signature

    (815) 315-1110

    30 in this area

    1,440 Total Sales

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202101429

NorthWest Illinois Alliance of REALTORS®

APN: 04-06-254-020

Illinois Winnebago County South Beloit 53511

548 Shirland Ave, South Beloit, IL

This home is located at 548 Shirland Ave, South Beloit, IL 61080 since 14 April 2021 and is currently estimated at $171,418, approximately $69 per square foot. 548 Shirland Ave is a home located in Winnebago County with nearby schools including Clark Elementary School, Riverview Elementary School, and Blackhawk Elementary School.

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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