Belvidere, IL Multifamily Properties for Sale

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Cherry Valley, IL Caledonia, IL Rockford, IL

Updated: Apr 10

Rented Four-Family Home

1016 S Main Street, Belvidere, IL 61008

$200,000

2,374 sqft

Completely rented 4‑family home with a couple long‑term tenants
Unit mix: main floor has two 1BR/1BA apartments; upstairs has two studio apartments
Gas hot water heat; owner pays heat, water, sewer, and garbage
Separate electric meters—tenants pay electric
2‑car garage

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This listing looks promising.

Here's a quick look at some key insights for

1016 S Main Street, BELVIDERE, IL 61008

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Est. Cap Rate

7.8%
Above avg (5.9%)
Est. NOI

$16K
Annual
Price @ 7% Cap

$222K
Above asking
Property Type

Residential (General/Single)
Built 1900

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Updated: Jun 5

Mixed-Use Building with Bar and Lofts

522 S State Street, Belvidere, IL 61008

$450,000

4,180 sqft

1889‑built downtown Belvidere mixed‑use property with residential lofts and an established bar on the main level
Main level bar includes full kitchen plus 5 gaming machines and 3 pool tables
Upstairs features five residential lofts, all fully occupied by long‑term tenants
Each loft is equipped with a stove, refrigerator, and microwave
Central air conditioning throughout the building

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Mixed-Use Investment in Downtown Belvidere

522 South State Street, Belvidere, IL 61008

$475,000

4,180 sqft

Turnkey mixed-use property with established bar and residential lofts.

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Mixed-Use Building with Bar and Lofts

522 S State Street, Belvidere, IL 61008

$450,000

Turnkey mixed-use property combining an established bar with fully occupied residential lofts and central air.

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Based on your search, we've compiled 30 Potential Opportunities for your consideration. Besides 4 Active listings in Belvidere, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 18 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Ranch Duplex Investment Property

4610 Yale Drive, Rockford, IL 61109

$220,000

1,740 sqft

Ranch-style duplex with two similar 2-bedroom, 1-bath units and separate basements.

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Townhome-Style Multifamily with Basements

1830 Remington Street, Rockford, IL 61108

$700,000

6,014 sqft

Townhome-style units with full basements and individual patios, supported by off-street parking and a garage/storage building.

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Rockford Multifamily Investment Opportunity

4115 Harrison Avenue, Rockford, IL 61108

$2,449,000

1.82 AC lot

Multifamily property for sale in Rockford, Illinois.

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Well-Maintained Ranch-Style Duplex For Sale

1478-80 Temple Circle, Rockford, IL 61108

$259,900

2,109 sqft

Ranch-style duplex with updated amenities in a prime location.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land For Sale, Lakemoor, IL

27 Oyster Bay, Lakemoor, IL 60051

Contact for pricing

0.12 AC lot

Commercial land available in Lakemoor, Illinois.

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University Park Developable Land

976 Mesa Court, University Park, IL 60484

Contact for pricing

3.20 AC lot

3.2 acres with 24 concrete housing pads in University Park.

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Wooded Homesite in Wheatfield, Indiana

4418 Oakland Court, Wheatfield, IN 46392

Contact for pricing

0.57 AC lot

Spacious, wooded 0.57-acre lot in established neighborhood.

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Buildable Residential Lot with Pines

Bollig Court lot: 2, Nekoosa, WI 54457

$35,000

2.45 AC lot

A wooded 2.45-acre lot with electric and fiber available at the lot line, suited for a home or cabin.

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Off-Market Properties in Belvidere, IL

Consider similar Off-Market properties in Belvidere, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (5+ UNITS)

4346 Rusa Trl, Belvidere, IL 61008-1997

Value Estimation by Request

0.25 AC lot

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APARTMENT HOUSE (5+ UNITS)

4117 Waters Edge Dr, Belvidere, IL 61008-6726

Value Estimation by Request

0.29 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2104 Christi Ln, Belvidere, IL 61008-7524

$3,485,000

Estimated value

3,604 sqft · 0.76 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

909 Jackson St, Belvidere, IL 61008-3062

$1,980,000

Estimated value

4,812 sqft · 0.42 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2107 Tobyne Dr, Belvidere, IL 61008-1945

Value Estimation by Request

7,316 sqft · 0.76 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

815 Becky Ct, Belvidere, IL 61008-3093

$3,095,000

Estimated value

8,040 sqft · 0.73 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

600 Whitman St, Belvidere, IL 61008-3084

$585,000

Estimated value

7,800 sqft · 0.87 AC lot

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MOBILE HOME PARK, TRAILER PARK

700 Chrysler Dr, Belvidere, IL 61008-6011

Value Estimation by Request

1,539 sqft · 34.13 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

524 Beloit Rd, Belvidere, IL 61008-1727

Unit 4

Value Estimation by Request

5,032 sqft · 0.54 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

820 Lindenwood Ln, Belvidere, IL 61008-2568

$595,000

Estimated value

8,040 sqft · 0.71 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

275 High Line St, Belvidere, IL 61008-1922

$585,000

Estimated value

8,040 sqft · 0.64 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

909 Mckinley Ave, Belvidere, IL 61008-1367

Value Estimation by Request

4,070 sqft · 0.84 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

919 Mckinley Ave, Belvidere, IL 61008-1368

$605,000

Estimated value

8,140 sqft · 0.84 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

323 Harrison St, Belvidere, IL 61008-2125

Value Estimation by Request

3,979 sqft · 0.62 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

620 Whitman St, Belvidere, IL 61008-3065

$560,000

Estimated value

7,340 sqft · 0.79 AC lot

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Multifamily properties

601 Pearl Street Rd, Belvidere, IL 61008

Value Estimation by Request

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MOBILE HOME PARK, TRAILER PARK

Belvidere, IL 61008

Value Estimation by Request

13.55 AC lot

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MOBILE HOME PARK, TRAILER PARK

Belvidere, IL 61008

Value Estimation by Request

25.48 AC lot

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Belvidere, IL Multifamily Properties Market Trends and Statistics

Explore 22 multifamily properties for sale in Belvidere, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 10,734 square feet of properties for sale, with an estimated market value of $1,125,000.

Sale prices for multifamily properties in Belvidere, IL start at $200,000, averaging $375,000, and reaching up to $475,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 34K

Population Growth (5Y) -1.7%

Median Household Income $75,833

College Educated 28.8%

High-Yield Neighborhoods for Investment

Identify Belvidere submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
61008	$393.8K

Taxes & Financing

Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Belvidere fall within the 50,000 to 100,000 square foot range.

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Belvidere, IL Multifamily Properties for Sale

1016 S Main Street, Belvidere, IL 61008

522 S State Street, Belvidere, IL 61008

522 South State Street, Belvidere, IL 61008

522 S State Street, Belvidere, IL 61008

Opportunities in Nearby Cities

4610 Yale Drive, Rockford, IL 61109

1830 Remington Street, Rockford, IL 61108

4115 Harrison Avenue, Rockford, IL 61108

1478-80 Temple Circle, Rockford, IL 61108

Potential Development Sites for Consideration

27 Oyster Bay, Lakemoor, IL 60051

976 Mesa Court, University Park, IL 60484

4418 Oakland Court, Wheatfield, IN 46392

Bollig Court lot: 2, Nekoosa, WI 54457

Off-Market Properties in Belvidere, IL

4346 Rusa Trl, Belvidere, IL 61008-1997

4117 Waters Edge Dr, Belvidere, IL 61008-6726

2104 Christi Ln, Belvidere, IL 61008-7524

909 Jackson St, Belvidere, IL 61008-3062

2107 Tobyne Dr, Belvidere, IL 61008-1945

815 Becky Ct, Belvidere, IL 61008-3093

600 Whitman St, Belvidere, IL 61008-3084

700 Chrysler Dr, Belvidere, IL 61008-6011

524 Beloit Rd, Belvidere, IL 61008-1727

820 Lindenwood Ln, Belvidere, IL 61008-2568

275 High Line St, Belvidere, IL 61008-1922

909 Mckinley Ave, Belvidere, IL 61008-1367

919 Mckinley Ave, Belvidere, IL 61008-1368

323 Harrison St, Belvidere, IL 61008-2125

620 Whitman St, Belvidere, IL 61008-3065

601 Pearl Street Rd, Belvidere, IL 61008

Belvidere, IL 61008

Belvidere, IL 61008

Belvidere, IL Multifamily Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Property Size Breakdown

Need Help?

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