Two-Unit Duplex
807 GARFIELD Avenue Belvidere, IL 61008
New
For Sale
$239,900
MULTI_FAMILY - BELVIDERE, IL
Property Size2,096 SF
Price / SF$114.46
Days on Market3
Property Features for 807 GARFIELD Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 2, Basement, Bedroom 1, Bedroom 5, Bedroom 6
- Parking
- 2
- Appliances
- Refrigerator, Stove/Cooktop
- Standard status
- Active
- APN
- 0536109005
- Size
- 2,096 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 36-44-3 RDS OF LT 2 & N 1/2 OF S 2/3 OF LT 4 BLK 3 J F ALLENS ADD 807 GARFIELD
- Tax Annual Amount
- 3352
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
Listing Agency:
DICKERSON & NIEMAN
(815) 227-5900
Listed By:
Christi Steines · License #471004161
(815) 509-9585
Added: Jul 24
Last Checked: Jul 26 at 9:06PM
MLS# 202604552
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.
Investment Insights
Based on property information with market context.
This duplex includes two rental units sold as-is. The main floor unit at 807 Garfield is described as having three potential bedrooms, currently configured as one bedroom without a closet, plus a walk-through bedroom that can connect to a third bedroom area. The second address, 807 1/2 Garfield, is described as a two-floor unit with three bedrooms, 1.5 bathrooms, and use of the garage.
The property is located at 807 Garfield Avenue in Belvidere, Illinois. Public remarks note current rents are estimated and highlight potential for higher rents.
Layout and finishes are available in the provided configuration details through the unit descriptions above, with the sale explicitly stated as “as-is.”
The property is located at 807 Garfield Avenue in Belvidere, Illinois. Public remarks note current rents are estimated and highlight potential for higher rents.
Layout and finishes are available in the provided configuration details through the unit descriptions above, with the sale explicitly stated as “as-is.”
Key Highlights
- Duplex in Belvidere with estimated current rents and upside potential for higher rents (income figures estimated in remarks)
- 807 Garfield main floor unit: 3 potential bedrooms; currently 1 bedroom with no closet, plus 1 bedroom walk‑through to the 3rd bedroom
- 807 1/2 Garfield 2‑floor unit: 3 bedrooms and 1.5 baths, with use of the garage
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.4k | $9.72 |
| − Vacancy | −$774 | −$0.37 |
| EGI | $19.6k | $9.35 |
| − OpEx | −$5.9k | −$2.81 |
| NOI | $13.7k | $6.55 |
2,096 SF · lease $9.72/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$196.0K
$171.5K – $228.7K
NOI $13,719 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$170.7K
$149.4K – $199.2K
NOI $11,952 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$557.5K
$487.8K – $650.4K
NOI $39,026 @ 7.0% cap · market cap 16.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex for sale featuring a main-floor unit and a two-story unit, both sold as-is in Belvidere.
Where is this duplex located?
The property is located at 807 GARFIELD Avenue Belvidere, IL.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Duplex in Belvidere with estimated current rents and upside potential for higher rents (income figures estimated in remarks); 807 Garfield main floor unit: 3 potential bedrooms; currently 1 bedroom with no closet, plus 1 bedroom walk‑through to the 3rd bedroom; 807 1/2 Garfield 2‑floor unit: 3 bedrooms and 1.5 baths, with use of the garage
