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Duplex with Two-Car Garage
New
For Sale
$145,000

456 LATHROP Terrace, South Beloit, IL 61080

MULTIFAMILY, SOUTH BELOIT, IL

Property Size1,628 SF
Price / SF$89.07
Days on Market3

Property Features for 456 LATHROP Terrace

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 4, Basement, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Parking 2
Appliances Stove/Cooktop, 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 0405376002
Size 1,628 SF

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 1546

Utilities

Heating system Natural Gas, Forced Air

Building Details

Year built 1945
Floors in Building 2
Number of units 2
Roof type Shingle
Listing Agency: DICKERSON & NIEMAN
Listed By: Jayne Ragan
Added: Oct 20 Last Checked: Oct 22 at 6:06PM
MLS# 202606671

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 1,628-square-foot duplex, built in 1945, contains two distinct residences. The main-level unit has one bedroom, a full bathroom, a living room, and a kitchen with access to the backyard and two-car garage. It is occupied by a long-term tenant. Upstairs, the second unit has two bedrooms, a full bathroom, and living space. Stove/cooktop and oven appliances are included; heating is natural gas and forced air.

The property is near schools, parks, and restaurants, with access to I-90. It may also be acquired as part of a package that includes four additional properties.

Key Highlights

  • Two‑unit duplex with 1,628 square feet
  • Built in 1945
  • Main‑level unit: 1 bedroom and 1 full bathroom; occupied by a long‑term tenant

Property Analytics

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Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

262
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Separate units offer a one-bedroom main-floor layout and a two-bedroom upstairs configuration.
Where is this duplex located?
The property is located at 456 LATHROP Terrace 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‑unit duplex with 1,628 square feet; Built in 1945; Main‑level unit: 1 bedroom and 1 full bathroom; occupied by a long‑term tenant
More about this property
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