135 S 8th Street South Beloit, IL 61080
MULTI_FAMILY - SOUTH BELOIT, IL
- Added:
- Jul 6, 2026
- Days on Market:
- 8
- Last Refresh:
- Jul 13 at 1:06 am
Property Features for 135 S 8th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 3, Basement, Bathroom 2, Bedroom 2, Bathroom 1
- Appliances
- Dishwasher, Refrigerator, Oven
- Standard status
- Active
- APN
- 0406255010
- Size
- 1,617 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- FISHER MILLS + GOODHUES ADD TO THE TOWN OF BELOIT S 1/2 S 1/2 LT 1 + EXC E 45 FT S 1/2 S 1/2 LOT 002 BLOCK 012
- Tax Annual Amount
- 2248
Utilities
- Heating system
- Forced Air, Electric (Heating)
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
Listing agent Olga Kampmeier License #475166479 (815) 621-9180
Listing office Keller Williams Realty Signature 4201 Galleria Dr., Loves Park, IL (815) 315-1111
Listing date Jul 6, 2026
Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located in South Beloit and is described as being just minutes from downtown Beloit. Permits were pulled for the remodel, and the renovations include new plumbing, electrical, drywall, flooring, stairs, exterior and interior doors, a furnace, water heaters, and more.
With two separate units plus adaptable studio space, the layout can fit both owner-occupants seeking an added living area and investors looking for a turnkey rental configuration. The extensive updates support an easier move-in and operation for either use.
Key Highlights
- Remodeled duplex built in 1925 with 2 units: a main‑floor 2BR/1BA and an upstairs 1BR unit
- Main‑floor unit includes updated kitchen, spacious living room, large family room with stone fireplace, plus a primary bedroom with walk‑in closet
- Upstairs 1‑bedroom unit features remodeled finishes throughout
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.8k | $15.36 |
| − Vacancy | −$1.9k | −$1.18 |
| EGI | $22.9k | $14.18 |
| − OpEx | −$6.9k | −$4.25 |
| NOI | $16.0k | $9.93 |
