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3-Unit Multifamily Property
New
For Sale
$160,000

530 GARDNER Street, South Beloit, IL 61080

MULTIFAMILY, SOUTH BELOIT, IL

Property Size2,306 SF
Price / SF$69.38
Days on Market3

Property Features for 530 GARDNER Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Bedroom 3, Bathroom 2, Basement, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 3
Parking 4
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 0405327005
Size 2,306 SF

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 1482

Utilities

Heating system Natural Gas

Building Details

Year built 1930
Floors in Building 2
Number of units 3
Roof type Shingle
Listing Agency: DICKERSON & NIEMAN
Listed By: Jayne Ragan
Added: Oct 20 Changed: Oct 21 Last Checked: Oct 22 at 6:06PM
MLS# 202606674

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 2,306-square-foot triplex, built in 1930, comprises two units in the main house and a third residence in a separate structure. The main-level apartment has two bedrooms, one full bathroom, some hardwood flooring, and basement laundry hookups. The upper-level unit includes two bedrooms and one full bathroom; flooring and interior paint updates are underway. The separate apartment has one bedroom and one full bathroom.

The property is in South Beloit with access to I-90. It may also be acquired with four additional homes as part of a package.

Key Highlights

  • Three units: two 2‑bedroom apartments and one 1‑bedroom apartment
  • 2,306 square feet across the property
  • Separate third unit has one bedroom and one full bathroom

Property Analytics

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Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

696
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?
Triplex - Three residences offer a mix of bedroom configurations, including a separate unit apart from the main house.
Where is this triplex located?
The property is located at 530 GARDNER Street South Beloit, IL.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Three units: two 2‑bedroom apartments and one 1‑bedroom apartment; 2,306 square feet across the property; Separate third unit has one bedroom and one full bathroom
More about this property
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