Two-Unit
New
For Sale
$145,000
226 S HARRISON Avenue, South Beloit, IL 61080
MULTIFAMILY, SOUTH BELOIT, IL
Property Size1,388 SF
Price / SF$104.47
Days on Market3
Property Features for 226 S HARRISON Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Parking
2
Appliances
Refrigerator, Oven
Elementary school
Clark Elementary
Middle school
South Beloit Jr High
High school
South Beloit Sr High
Elementary school district
South Beloit 320-Cnty of Winnebago
Middle school district
South Beloit 320-Cnty of Winnebago
High school district
South Beloit 320-Cnty of Winnebago
Subdivision
Winnebago County
Standard status
Active
APN
0405258017
Size
1,388 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
PER TITLE COMMITMENT
Tax Annual Amount
1512
Legal Description
PER TITLE COMMITMENT
Utilities
Heating system
Natural Gas
Amenities
laundry hookups
enclosed rear porch
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
DICKERSON & NIEMAN
(815) 227-5900
Listed By:
Jayne Ragan
(815) 988-7667
Added: Oct 20
Last Checked: Oct 22 at 6:06PM
MLS# 202606673
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 1,388-square-foot duplex, built in 1940, contains two apartments: a main-level unit with two bedrooms and an upper-level unit with one bedroom. Each has a full bathroom. The main-floor residence includes an enclosed front porch, updated flooring, fresh interior paint, and a kitchen. Basement laundry hookups and a rear enclosed porch with storage add practical features. The property also has a backyard, and the listed appliances include a refrigerator and oven.
Schools, parks, and restaurants are cited among the nearby destinations, with access to I-90 noted. The two-unit configuration provides distinct living spaces within one building.
Schools, parks, and restaurants are cited among the nearby destinations, with access to I-90 noted. The two-unit configuration provides distinct living spaces within one building.
Key Highlights
- Two apartments: a two‑bedroom main‑floor unit and a one‑bedroom upper‑level unit
- 1,388 square feet; built in 1940
- Full bathroom in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,207
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,140
$244.1K
Cap Rate 7%
$174,386
$174.4K
Cap Rate 9%
$135,633
$135.6K
Market Conditions
NOI Build-Up for 1,388 SF
Gross rent
$24.2K $17.40/SF
− Vacancy
−$2.0K −$1.41/SF
EGI
$22.2K $15.99/SF
− OpEx
−$10.0K −$7.20/SF
NOI
$12.2K $8.79/SF
Area
Winnebago County, IL
Vacancy
8.10%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,140
Cap Rate 7%
$174,386
Cap Rate 9%
$135,633
Alternative Uses
Best Use
Multifamily LT 5
$196.8K
$172.2K – $229.6K
NOI $13,776 @ 7.0% cap · market cap 9.50%
Second Best
Apartment 5plus
$174.4K
$152.6K – $203.5K
NOI $12,207 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$378.3K
$331.0K – $441.4K
NOI $26,483 @ 7.0% cap · market cap 18.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
789
Businesses Nearby
Explore this area
Business Placement
Demographics for 61080, IL
11,252
Population
4,773
Households
2.4
Avg Household Size
38
Median Age
23%
College-Educated
93%
High-School Grad
25.1 sq mi
ZIP Area
448
Density / Sq Mi
$78,533
Median Household Income
$44,081
Median Earnings
$877
Median Rent
$172,300
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 - The property combines a two-bedroom main-floor residence with a separate one-bedroom unit upstairs.
Where is this duplex located?
The property is located at 226 S HARRISON Avenue South Beloit, IL.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Two apartments: a two‑bedroom main‑floor unit and a one‑bedroom upper‑level unit; 1,388 square feet; built in 1940; Full bathroom in each unit
