1016 S Main Street, Belvidere, IL 61008
- Added:
- Apr 10, 2026
- Days on Market:
- 88
- Last Refresh:
- Jul 6 at 6:06 am
Property Features for 1016 S Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 4
- Rooms
- Bathroom 2, Basement, Bedroom 1, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 2
- Parking
- 2
- Appliances
- Refrigerator, Oven
- Standard status
- Active
- APN
- 0536176009
- Size
- 2,374 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 36-44-3 (Ex S 43.4') Lot 10 Blk 1 Rowans Addn
- Tax Annual Amount
- 3444
Utilities
- Heating system
- Natural Gas, Steam, Hot Water(Heating)
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Shingle
Listing agent Angie Wait License #475148472 (815) 494-1531
Listing office Keller Williams Realty Signature 4201 Galleria Dr., Loves Park, IL (815) 315-1111
Listing date Apr 10, 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
- Completely rented 4‑family home with a couple long‑term tenants
- Unit mix: main floor has two 1BR/1BA apartments; upstairs has two studio apartments
- Gas hot water heat; owner pays heat, water, sewer, and garbage
- Separate electric meters—tenants pay electric
- 2‑car garage
- Built in 1900; includes refrigerator and oven; shingle roof; steam and hot water heating noted
Overview
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 | $23.1k | $9.72 |
| − Vacancy | −$877 | −$0.37 |
| EGI | $22.2k | $9.35 |
| − OpEx | −$6.7k | −$2.81 |
| NOI | $15.5k | $6.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Belvidere
- County
- Boone
- State
- Illinois
- Longitude
- -88.835864
- Latitude
- 42.250421
