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Fully Leased Triplex
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514 E Macomb St, Belvidere, IL 61008

Three separately metered residences offer varied layouts, updated finishes, and shared basement utility hookups.

Property SizeContact for details
Days on Market144

Property Features for 514 E Macomb St

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Units

Unit Mix 2 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units 3

Amenities

shared basement laundry hookups

Building Details

Buildings 1
Listing Agency: RE/MAX Suburban
Listed By: Jason Bitton · License #IL475170841
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 2:08PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Suburban

Investment Insights

Based on property information with market context.

This fully leased triplex at 514 E Macomb St in Belvidere includes three distinct residences with individual meters. Unit 514 is a one-bedroom, one-bath townhouse-style home with granite countertops, a kitchen island, a personal safe, and a gun safe. Unit 516 provides two bedrooms and one bath in a townhouse-style layout with an integrated living and kitchen area. Unit 518 is a one-bedroom, one-bath ranch-style residence with quartz countertops and an in-unit washer and dryer.

A shared basement serves the property with washer and dryer hookups. The combination of separate metering, varied floor plans, and dedicated unit features supports the building’s fully leased configuration.

Key Highlights

  • Fully leased triplex at 514 E Macomb St, Belvidere, IL 61008
  • Three units with individual meters
  • Unit 514: one‑bedroom, one‑bath townhouse‑style layout with granite countertops and kitchen island

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Electrical Service HVAC Service Pharmacy Kitchen & Bath Showroom Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

322
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three separately metered residences offer varied layouts, updated finishes, and shared basement utility hookups.
Where is this triplex located?
The property is located at 514 E Macomb St Belvidere, IL.
What are key features of this property?
This property features: Fully leased triplex at 514 E Macomb St, Belvidere, IL 61008; Three units with individual meters; Unit 514: one‑bedroom, one‑bath townhouse‑style layout with granite countertops and kitchen island
(847) 367-8686 Call to check price and availability
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