Two-Unit Residential Income
1011 WHITNEY Boulevard Belvidere, IL 61008
New
For Sale
$249,900
MULTI_FAMILY - BELVIDERE, IL
Property Size2,648 SF
Price / SF$94.37
Days on Market3
Property Features for 1011 WHITNEY Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 2, Basement, Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 6
- Parking
- 2
- Appliances
- Refrigerator, Stove/Cooktop
- Standard status
- Active
- APN
- 0536153024
- Size
- 2,648 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 36-44-3 LT A BLK 2 LOOP BABCOCK & CARPENTERS ADD 1011 & 1013 WHITNEY BLVD
- Tax Annual Amount
- 2077
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
Listing Agency:
DICKERSON & NIEMAN
(815) 227-5900
Listed By:
Christi Steines · License #471004161
(815) 509-9585
Added: Jul 24
Last Checked: Jul 26 at 9:06PM
MLS# 202604551
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.
This for-sale duplex includes two units, with each unit laid out across a main floor and upstairs. Unit 1011 Whitney has a living room, kitchen, and a full bath with laundry on the main floor, with two bedrooms, a bonus room, and a half bath upstairs. Unit 1013 Whitney offers a living room and kitchen with a washer/dryer and one bedroom on the main floor, with two additional bedrooms, a bonus room, and a full bath upstairs.
The property is located in Belvidere, Illinois. It is being sold as-is.
The duplex configuration provides two distinct residential spaces within one building, each with multiple bedrooms and bonus rooms for flexible use within the existing floorplans.
The property is located in Belvidere, Illinois. It is being sold as-is.
The duplex configuration provides two distinct residential spaces within one building, each with multiple bedrooms and bonus rooms for flexible use within the existing floorplans.
Key Highlights
- Duplex on Whitney in Belvidere sold as‑is (1011 and 1013 Whitney)
- 1011 Whitney layout: living room, kitchen, full bath with laundry on main floor; upstairs has 2 bedrooms, bonus room, and 1/2 bath
- 1013 Whitney layout: living room and kitchen with w/d plus 1 bedroom on main floor; upstairs has 2 bedrooms, bonus room, and full bath
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 | $25.7k | $9.72 |
| − Vacancy | −$978 | −$0.37 |
| EGI | $24.8k | $9.35 |
| − OpEx | −$7.4k | −$2.81 |
| NOI | $17.3k | $6.55 |
2,648 SF · lease $9.72/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$247.6K
$216.7K – $288.9K
NOI $17,332 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$215.7K
$188.8K – $251.7K
NOI $15,100 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$704.3K
$616.3K – $821.7K
NOI $49,304 @ 7.0% cap · market cap 19.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex for sale featuring two separate units with multiple bedrooms, bonus rooms, and in-unit laundry areas.
Where is this duplex located?
The property is located at 1011 WHITNEY Boulevard Belvidere, IL.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Duplex on Whitney in Belvidere sold as‑is (1011 and 1013 Whitney); 1011 Whitney layout: living room, kitchen, full bath with laundry on main floor; upstairs has 2 bedrooms, bonus room, and 1/2 bath; 1013 Whitney layout: living room and kitchen with w/d plus 1 bedroom on main floor; upstairs has 2 bedrooms, bonus room, and full bath
