135 S 8th Street, South Beloit, IL 61080
- Added:
- Jun 15, 2026
- Days on Market:
- 13
- Last Refresh:
- Jun 27 at 11:06 am
Property Features for 135 S 8th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 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 Jun 15, 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.
HighLights
- Remodeled duplex with permits pulled; updated inside and out
- Main‑floor unit: 2 bedrooms, 1 bathroom, spacious living room, updated kitchen, large family room with stone fireplace
- Primary bedroom in the main‑floor unit includes a walk‑in closet
- Attached 2‑car garage converted to a studio with sliding patio doors; can be converted back to a garage
- Upstairs remodeled 1‑bedroom unit with updated finishes throughout
- Major updates include new plumbing, electrical, drywall, flooring, stairs, exterior and interior doors, furnace, and water heaters
Overview
The property is located just minutes from downtown Beloit. The interior and exterior improvements include permitted updates such as new plumbing and electrical, drywall, flooring, stairs, exterior and interior doors, furnace, water heaters, and more.
With two independently finished units and the added flexibility of the studio conversion, the home can work for an owner-occupant seeking additional income, or for an investor looking for a turnkey residential income property. The permit-driven updates and comprehensive renovations support a straightforward path to occupancy or rental use.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- South Beloit
- County
- Winnebago
- State
- Illinois
- Longitude
- -89.046366
- Latitude
- 42.494743
