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    Boone County, IL Quadplexes for Sale

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    Rented Four-Family Home
    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 long‑term tenants
    Unit mix: main floor 1BR/1BA apartments and upstairs studio apartments
    2‑car garage plus separate electric meters (tenants pay electric)
    Gas hot water heat; owner pays heat, water, sewer, and garbage
    Year built 1900; roof type shingle
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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
    View Property Analytics
    Based on your search, we've compiled 1 Potential Opportunities for your consideration. Besides 1 Active listings in Boone County, IL, we suggest exploring several alternatives:

    Boone County, IL Quadplexes Market Trends and Statistics

    Explore 1 quadplexes for sale in Boone County, IL on our real estate platform. These investment opportunities span a total of 2,374 square feet of properties for sale, with an estimated market value of $200,000.

    Sale prices for four-unit buildings in Boone County, IL start at $200,000, averaging $200,000, and reaching up to $200,000 — 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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