Sold
Last Sold Price
4 beds
331 Belteberg Rd, Loves Park, IL 61111
Multi FamilyProperty Type
0.41 acresLot Size
1958Year Built
4 carsParking Spaces

Description

Turnkey 4-Unit Investment Property - Strong Rental Income And Excellent Tenant Appeal! Each 1-bedroom, 1-bathroom unit features a spacious living area and kitchen, providing comfortable living for tenants. The property sits on a generous half-acre lot, allowing for ample outdoor space and accommodating extra-large garage spaces for each tenant-perfect for parking and storage. Recent updates add value and reduce maintenance costs, including some new windows (2019), a new roof (2017), newer carpet...Turnkey 4-Unit Investment Property - Strong Rental Income And Excellent Tenant Appeal! Each 1-bedroom, 1-bathroom unit features a spacious living area and kitchen, providing comfortable living for tenants. The property sits on a generous half-acre lot, allowing for ample outdoor space and accommodating extra-large garage spaces for each tenant-perfect for parking and storage. Recent updates add value and reduce maintenance costs, including some new windows (2019), a new roof (2017), newer carpet in Unit #1, and a newer furnace in Unit #3. With strong rental potential and a prime location, this property is a must-see for investors. One unit can be shown and others are same layout and can be shown if buyer is serious after seeing the first unit. Limited showings available until the property is officially on the market-reach out to for more details. SOLD AS-IS Current rental income: Unit #1 & #4: 800 each Unit #2: 900 Unit #3: 750. Total rental income is 3,250/month.

Listing Agent

  1. Todd Klein

    Todd Klein

    Listing Agent

    Compass

    P: (847) 609-8633

    M: (847) 609-8633

Sold By Dickerson & Nieman Realtors - Rockford

Listing closed: 06/13/2025 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 12302767

Recent comparable sales

Median sold price

$330,000

Avg days on market

18

Sale-to-list ratio

94.5%

Loves Park, IL

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Location

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$2,126 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,677

Property Taxes

$449

HOA Dues

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Property Information for 331 Belteberg Road

Property Details
  • Taxes: $5,385 / year
  • MLS Type: Two to Four Units / 4 Flat
  • Area: Loves Park
  • Township: Rockford
  • Ownership: Fee Simple
  • Num Of Garage Spaces: 4.0
  • Parking Included in Price: Yes
  • Heat/Fuel: Natural Gas, Forced Air
  • Architectural Style: Ranch
  • Zoning: MULTI
Building Information
  • Residences: 4
  • Year Built: 1958
  • Lot Size: 0.41 AC / 17,859 SF
General Information
School Information
  • Elementary School District: 122
  • High School District: 122
  • Middle Or Junior School District: 122
Addtl Parking Information
  • Parking Details: On Site, Garage Owned, Detached, Garage
Property Information
Interior Features
  • Num Of Rooms: 12
  • Bedrooms Total: 4
  • Bedrooms (Below Grade): 0
  • Basement Type: None
  • Bedrooms Possible: 4
  • Basement Bathrooms: No
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 61-70 Years
  • Lot Size: .25-.49 Acre
  • Lot Size Source: County Records
  • Lot Dimensions: 138X156.5
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Frame
  • Construction: Frame
  • Roof Type: Asphalt
  • General Information: None
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2025-05-06T14:25:33
  • Photos Count: 4
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 02/26
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Lease Expiration Date: VACAN
Unit 3
  • Unit Type Actual Rent: $750.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 02/26
Unit 4
  • Unit Type Actual Rent: $800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 12/25

Property History for 331 Belteberg Road

DateEvent & SourcePriceAppreciation
Jun 13, 2025

Sold

MRED #12302767

$330,000
May 27, 2025

Sold (Public Record)

Public Record #1902336664

$330,000

+15.3% / yr

May 9, 2025

Pending

MRED #12302767

DateEvent & SourcePrice
06/13/2025

Sold

MRED #12302767

$330,000
05/27/2025

Sold (Public Record)

Public Record #1902336664

$330,000

+15.3% / yr

05/09/2025

Pending

MRED #12302767

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 331 Belteberg Road

Taxable ValueLand$14,396Additions$68,225Total$82,621
Tax Record2025$6,625 ($552 / month)
Home Facts
Baths4Total Finished SqFt3,126 SqFtAbove Grade Finished SqFt3,126 SqFtStories1Lot Size18,731 SqFtStyleQuadraplexYear Built1958Year Renovated1958ZoningR1CountyWINNEBAGOAPN1101280025

Schools near 331 Belteberg Road

This home is within Harlem Ud 122 School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 1 to 5
Rating
School
Distance
Windsor Elementary School
Public1 to 5

Harlem Middle School
Public6 to 8

Harlem High School
Public9 to 12

Maple Elementary School
Public1 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 06/20/2025 11:05 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.