Two-Unit Townhouse-Style
1302 14th Avenue, Belvidere, IL 61008
For Sale
New
$270,000
MULTIFAMILY, BELVIDERE, IL
Property Size2,184 SF
Price / SF$123.63
Days on Market2
Property Features for 1302 14th Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Appliances
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
Keller Williams Realty Signature
(815) 315-1111
Listed By:
Angie Wait · License IL #475148472
(815) 494-1531
Added: Nov 11
Last Checked: Nov 12 at 7:06AM
MLS# 202607154
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.
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Investment Insights
Based on property information with market context.
This 2,184-square-foot duplex comprises two townhouse-style residences with matching floor plans. Each unit has main-floor laundry combined with a half bath. One residence features newer carpeting, an updated kitchen, and newer countertops. The property was built in 1990 and has a shared 2.5-car garage.
Heating is forced air with natural gas, and cooling is central air. The roof is shingle.
Heating is forced air with natural gas, and cooling is central air. The roof is shingle.
Key Highlights
- Two townhouse‑style units with identical floor plans
- 2,184 square feet total
- Shared 2.5‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,295
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,900
$285.9K
Cap Rate 7%
$204,214
$204.2K
Cap Rate 9%
$158,833
$158.8K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$21.2K $9.72/SF
− Vacancy
−$807 −$0.37/SF
EGI
$20.4K $9.35/SF
− OpEx
−$6.1K −$2.81/SF
NOI
$14.3K $6.55/SF
Area
Boone County, IL
Vacancy
3.80%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,900
Cap Rate 7%
$204,214
Cap Rate 9%
$158,833
Alternative Uses
Best Use
Multifamily LT 5
$204.2K
$178.7K – $238.3K
NOI $14,295 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$177.9K
$155.7K – $207.6K
NOI $12,454 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$580.9K
$508.3K – $677.7K
NOI $40,664 @ 7.0% cap · market cap 15.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
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Business Placement
Demographics for 61008, IL
33,747
Population
13,406
Households
2.5
Avg Household Size
40
Median Age
21%
College-Educated
83%
High-School Grad
84.3 sq mi
ZIP Area
400
Density / Sq Mi
$75,833
Median Household Income
$38,509
Median Earnings
$953
Median Rent
$185,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Identical layouts include main-floor laundry and a half bath in each residence.
Where is this duplex located?
The property is located at 1302 14th Avenue Belvidere, IL.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Two townhouse‑style units with identical floor plans; 2,184 square feet total; Shared 2.5‑car garage
