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    Belvidere, IL Residential Income Properties for Sale

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    Cherry Valley, IL Caledonia, IL Rockford, IL Poplar Grove, IL Loves Park, IL Garden Prairie, IL Capron, IL Fairdale, IL
    Rented Four-Unit Residential Building
    Updated: Apr 10
    Rented Four-Unit Residential Building

    1016 S Main Street, Belvidere, IL 61008

    $180,000
    2,374 sqft
    Completely rented 4‑family home with a couple of long‑term tenants
    Unit mix: main floor has two 1‑bedroom/1‑bath apartments; upstairs has two studio apartments
    Gas hot water heat; heating includes natural gas, hot water heat, and steam
    Owner pays heat, water, sewer, and garbage; tenants pay electric via separate electric meters
    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

      8.6%
      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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    Mixed-Use Downtown Building
    Updated: Jun 5
    Mixed-Use Downtown Building

    522 S State Street, Belvidere, IL 61008

    $450,000
    4,180 sqft
    Mixed‑use building with an established bar on the main level, plus five residential lofts upstairs
    Bar includes a full kitchen, 5 gaming machines, and 3 pool tables
    All five residential lofts are occupied by long‑term tenants and include a stove, refrigerator, and microwave
    Central air conditioning throughout; forced air heating with natural gas
    Metal roof; built in 1889
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    Mixed-Use Building with Bar and Lofts
    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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    Updated 3BR Manufactured Home
    Updated 3BR Manufactured Home

    607 Park Ave, Belvidere, IL 61008

    $54,900

    Updated 3 bed, 2 bath manufactured home in the Four Seasons Mobile Home park with in-unit laundry.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    All-Brick Side-by-Side Duplex
    All-Brick Side-by-Side Duplex

    2140 Davis Drive, Belvidere, IL 61008

    $239,900

    Side-by-side duplex with private entrances, separate utilities, and all-electric systems, plus each unit has basement storage.

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    Based on your search, we've compiled 31 Potential Opportunities for your consideration. Besides 5 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.

    Residential Income Apartment Building
    Residential Income Apartment Building

    5430 Dale Avenue, Loves Park, IL 61111

    $700,000
    6,000 sqft

    Apartment building for sale in Loves Park with similar unit layouts and a split living-area configuration.

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    Multi-Unit Apartment Building
    Multi-Unit Apartment Building

    5430 Dale Avenue, Loves Park, IL 61111

    $700,000
    6,000 sqft

    Apartment building offers multiple similar-layout units with up-and-down living space.

    View details
    Townhome-Style Multifamily with Basements
    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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    Multifamily Rental Property with C2 Zoning
    Multifamily Rental Property with C2 Zoning

    6019 Fincham Dr, Rockford, IL 61108

    Contact for pricing

    Multifamily property combining long-term and virtual short-term rentals, with updated lower-level common areas and public bathrooms.

    View details

    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.

    60 Acres Prime Agricultural Land
    60 Acres Prime Agricultural Land

    9202 TOWN HALL Road, Belvidere, IL 61008

    $1,100,000
    60.00 AC lot

    Prime agricultural land near Belvidere, suitable for farming or development.

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    Rockford Land For Sale
    Rockford Land For Sale

    803 S Mulford Road, Rockford, IL 61108

    $279,999
    2.32 AC lot

    2.32 acre commercial land available in Rockford, Illinois.

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    Rockford Land in Established Neighborhood
    Rockford Land in Established Neighborhood

    5398 Crestdale Drive, Rockford, IL 61114

    Contact for pricing
    0.25 AC lot

    Land for single-family home in established Rockford neighborhood.

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    Kirkland Corner Lot Opportunity
    Kirkland Corner Lot Opportunity

    302 Kurt Lane lot: 67, Kirkland, IL 60146

    $40,000
    0.75 AC lot

    Corner lot to design your ideal homesite.

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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.

    4346 Rusa Trl
    APARTMENT HOUSE (5+ UNITS)

    4346 Rusa Trl, Belvidere, IL 61008-1997

    Value Estimation by Request
    0.25 AC lot
    View details
    4117 Waters Edge Dr
    APARTMENT HOUSE (5+ UNITS)

    4117 Waters Edge Dr, Belvidere, IL 61008-6726

    Value Estimation by Request
    0.29 AC lot
    View details
    2104 Christi Ln
    APARTMENT HOUSE (UNDER 5 UNITS)

    2104 Christi Ln, Belvidere, IL 61008-7524

    $3,485,000
    Estimated value
    3,604 sqft 0.76 AC lot
    View details
    909 Jackson St
    APARTMENT HOUSE (UNDER 5 UNITS)

    909 Jackson St, Belvidere, IL 61008-3062

    $1,980,000
    Estimated value
    4,812 sqft 0.42 AC lot
    View details
    2107 Tobyne Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    2107 Tobyne Dr, Belvidere, IL 61008-1945

    Value Estimation by Request
    7,316 sqft 0.76 AC lot
    View details
    815 Becky Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    815 Becky Ct, Belvidere, IL 61008-3093

    $3,095,000
    Estimated value
    8,040 sqft 0.73 AC lot
    View details
    600 Whitman St
    APARTMENT HOUSE (UNDER 5 UNITS)

    600 Whitman St, Belvidere, IL 61008-3084

    $585,000
    Estimated value
    7,800 sqft 0.87 AC lot
    View details
    700 Chrysler Dr
    MOBILE HOME PARK, TRAILER PARK

    700 Chrysler Dr, Belvidere, IL 61008-6011

    Value Estimation by Request
    1,539 sqft 34.13 AC lot
    View details
    524 Beloit Rd, Unit 4
    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
    View details
    820 Lindenwood Ln
    APARTMENT HOUSE (UNDER 5 UNITS)

    820 Lindenwood Ln, Belvidere, IL 61008-2568

    $595,000
    Estimated value
    8,040 sqft 0.71 AC lot
    View details
    275 High Line St
    APARTMENT HOUSE (UNDER 5 UNITS)

    275 High Line St, Belvidere, IL 61008-1922

    $585,000
    Estimated value
    8,040 sqft 0.64 AC lot
    View details
    909 Mckinley Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    909 Mckinley Ave, Belvidere, IL 61008-1367

    Value Estimation by Request
    4,070 sqft 0.84 AC lot
    View details
    919 Mckinley Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    919 Mckinley Ave, Belvidere, IL 61008-1368

    $605,000
    Estimated value
    8,140 sqft 0.84 AC lot
    View details
    323 Harrison St
    APARTMENT HOUSE (UNDER 5 UNITS)

    323 Harrison St, Belvidere, IL 61008-2125

    Value Estimation by Request
    3,979 sqft 0.62 AC lot
    View details
    620 Whitman St
    APARTMENT HOUSE (UNDER 5 UNITS)

    620 Whitman St, Belvidere, IL 61008-3065

    $560,000
    Estimated value
    7,340 sqft 0.79 AC lot
    View details
    601 Pearl Street Rd
    Multifamily properties

    601 Pearl Street Rd, Belvidere, IL 61008

    Value Estimation by Request
    View details
    Belvidere, IL 61008
    MOBILE HOME PARK, TRAILER PARK

    Belvidere, IL 61008

    Value Estimation by Request
    13.55 AC lot
    View details
    Belvidere, IL 61008
    MOBILE HOME PARK, TRAILER PARK

    Belvidere, IL 61008

    Value Estimation by Request
    25.48 AC lot
    View details

    Belvidere, IL Residential Income Properties Market Trends and Statistics

    Explore 23 residential income properties for sale in Belvidere, IL, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 6,554 square feet of properties for sale, with an estimated market value of $1,374,800.

    Sale prices for residential income properties in Belvidere, IL start at $54,900, averaging $274,960, and reaching up to $450,000 — 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

    Multifamily properties 5
    Apartment buildings 2
    Duplexes 1
    Mobile home & RV parks 1
    Quadplexes 1

    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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