522 S State St

Belvidere, IL 61008

$475,000
Price
5
Beds
5
Baths
4,180 Sq. Ft.
$114 / Sq. Ft.
4,180
Sq. Ft.
$114
per Sq. Ft.
a building with multiple windows
a view of a building with a street
a building with car parked in front of it
a view of a building with a street
a front view of a building with a garden
a view of a hallway with wooden floor and windows
a dining room with lots of furniture and chandelier
a dining hall with stainless steel appliances lots of wooden furniture a dining table and chairs with wooden floor
a living room with furniture pool table and a rug
a living room with lots of furniture and kitchen view
a patio with a table and chairs
a dining room with furniture and a view of kitchen
a dining hall with a lots of chairs and wooden floor
a dining area with furniture and a large window
a kitchen with stainless steel appliances granite countertop a sink a stove and a refrigerator
a open kitchen with lots of clutter and cabinets
a kitchen with stainless steel appliances granite countertop a sink and cabinets
a hallway with painting on the wall and a large mirror
a view of a workspace with furniture
a view of a room with gym equipment
a view of a workspace with furniture and a window
a bathroom with a toilet a sink and mirror
a bathroom with a toilet a sink and mirror
a bathroom with a toilet a sink and mirror
a view of storage and utility room
a kitchen with refrigerator and cabinets
a view of a room with gym equipment
a bathroom with a sink a mirror a toilet and a mirror
a kitchen with a sink stove and cabinets
a living room with furniture a clock and a flat screen tv
a living room with furniture and a open kitchen view
a living room with furniture a clock on wall and a table
a kitchen with stainless steel appliances kitchen island granite countertop a sink and a refrigerator
a view of a room with gym equipment
a view of an empty room with stairs
a bathroom with a toilet sink and shower
a roof deck with table and chairs
a car parked in front of a brick house
a car parked in front of a building
a cars parked in front of a building
an aerial view of a city
a front view of a building with street view
an aerial view of a city
an aerial view of multiple house
an aerial view of multiple house
an aerial view of multiple house
an aerial view of a city
an aerial view of a city
an aerial view of a city
an aerial view of a city

Description

Prime investment opportunity in the heart of downtown Belvidere. This mixed-use commercial property features a well-established main-level business with a full bar, kitchen, three pool tables, five slot machines, and entertainment amenities including a juke box. The second level offers five fully equipped loft areas, each with a microwave, refrigerator, and stove, all occupied by long-term tenants providing consistent rental income. The property is well-maintained with central air and ceiling fans...Prime investment opportunity in the heart of downtown Belvidere. This mixed-use commercial property features a well-established main-level business with a full bar, kitchen, three pool tables, five slot machines, and entertainment amenities including a juke box. The second level offers five fully equipped loft areas, each with a microwave, refrigerator, and stove, all occupied by long-term tenants providing consistent rental income. The property is well-maintained with central air and ceiling fans throughout, and its strategic location near the planned Metra train station opening in 2027 positions it for strong future appreciation. This asset combines immediate cash flow with excellent long-term growth potential.
  1. Listed by Fidel Batres • Keller Williams Realty Signature
    P: (815)-290-0333 C: (815)-677-8331 fidel@fidelityrealestategrp.com

Property Details for 522 South State Street

Style
2 Story
Total # of Parking Spaces
20
LISTING UPDATED: 12/18/2025 09:14 AM

Property Details for 522 South State Street

StatusActive And Available
MLS #202506148
Days on Market95
Taxes$5,732 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 5+ Units
Year Built1889
Lot Size-
CountyBoone County

Location

Listing Courtesy of Keller Williams Realty Signature
Add your commute

Building Information for 522 South State Street

Stories3Residences5Year Built1889Building Size-Lot Size-

Payment Calculator

$2,793 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,315

Property Taxes

$478

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 522 South State Street

Summary
Location and General Information
  • City: BELVIDERE
  • State: IL
Taxes and HOA
  • Tax Year: 2024
  • Taxes: $5,732
Property
Lot Information
  • Est Below Grade Fin SqFt: 1000
  • Est Total Finished Sq. Ft.: 4180
  • Est Above Grade SqFt: 3180
Property and Assessments
  • Class: MULTIFAMILY
  • Type: 5+ Units
  • Status: ACTIVE and AVAILABLE
  • PIN: 0525360007
  • HUD: No
  • Additional PINS: 0525360008 0525360024 0525360025
Utilities
  • Water: City
  • Sewer: City
  • Electric: Fuses
  • Separate Utilities: Yes
  • Separate Electric Y/N: Yes
  • Separate Water Y/N: Yes
Interior and Exterior Features
Exterior Features
  • Exterior: Concrete
  • General Features: Additional Parking
  • Roof: Metal
Interior Features
  • Water Heater: Gas
  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Appl Stay/Incl: Microwave, Refrigerator, Stove/Cooktop, Oven
  • Basement Y/N: Yes
  • Separate Heat Y/N: Yes
  • Washer/Dryer CoinOp Y/N: No
  • Washer/Dryer Hookup Y/N: No
  • Washer/Dryer Y/N: No
Multi Family
Income and Expenses
  • Insurance/YR: $4,750
  • Maintenance/YR: $600
  • Management/YR: $0
  • Utilities/YR: $3,600
  • Legal/Account/YR: 0
  • Other/YR: 0
Multi Family Information
  • Number of Floors in Bldg: 3
  • Number of Tenants in Bldg: 5
  • Number of Units: 5
Unit 1
  • Unit 1 Range: Yes
  • Unit 1 Garage Capacity: 0
  • Unit 1 # Beds: 1
  • Unit 1 AC: Y
  • Unit 1 Refrigerator: Yes
  • Unit 1 # Rooms: 1
  • Unit 1 # Baths: 1
  • Unit 1 Heat: Y
  • Unit 1 SqFt: 0
  • Unit 1 Lease/Deposit: 600
  • Unit 1 Rent: 600
Unit 2
  • Unit 2 Range: Yes
  • Unit 2 Garage Capacity: 0
  • Unit 2 # Beds: 1
  • Unit 2 AC: Y
  • Unit 2 Refrigerator: Yes
  • Unit 2 # Rooms: 1
  • Unit 2 # Baths: 1
  • Unit 2 Heat: Y
  • Unit 2 SqFt: 0
  • Unit 2 Lease/Deposit: 525
  • Unit 2 Rent: 525
Unit 3
  • Unit 3 Range: Yes
  • Unit 3 Garage Capacity: 0
  • Unit 3 # Beds: 1
  • Unit 3 AC: Y
  • Unit 3 Refrigerator: Yes
  • Unit 3 # Rooms: 1
  • Unit 3 # Baths: 1
  • Unit 3 Heat: Y
  • Unit 3 SqFt: 0
  • Unit 3 Lease/Deposit: 550
  • Unit 3 Rent: 550
Unit 4
  • Unit 4 Range: Yes
  • Unit 4 Garage Capacity: 0
  • Unit 4 # Beds: 1
  • Unit 4 AC: y
  • Unit 4 Refrigerator: Yes
  • Unit 4 # Rooms: 1
  • Unit 4 # Baths: 1
  • Unit 4 Heat: y
  • Unit 4 SqFt: 0
  • Unit 4 Lease/Deposit: 550
  • Unit 4 Rent: 550
Unit 5
  • Unit 5 Range: Yes
  • Unit 5 Garage Capacity: 0
  • Unit 5 # Beds: 1
  • Unit 5 AC: y
  • Unit 5 Refrigerator: Yes
  • Unit 5 # Rooms: 1
  • Unit 5 # Baths: 1
  • Unit 5 Heat: y
  • Unit 5 SqFt: 0
  • Unit 5 Lease/Deposit: 500
  • Unit 5 Rent: 500
Rental
Rent Information
  • Lease: No

Property History for 522 South State Street

DateEvent & SourcePriceAppreciation
Oct 3, 2025

Listed (Active)

MRED #12486594

$475,000—
Oct 2, 2025

Listed (Active)

NorthWest Illinois Alliance of REALTORS® #202506148

$475,000—
Aug 21, 2007

Sold (Public Record)

Public Record #1092779496

$250,000—
DateEvent & SourcePrice
10/03/2025

Listed (Active)

MRED #12486594

$475,000
10/02/2025

Listed (Active)

NorthWest Illinois Alliance of REALTORS® #202506148

$475,000
08/21/2007

Sold (Public Record)

Public Record #1092779496

$250,000

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

Public Records for 522 South State Street

Taxable ValueLand$4,909Additions$51,843Total$56,752
Tax Record2024$4,906 ($409 / month)
Home Facts
Total Finished SqFt3,180 SqFtAbove Grade Finished SqFt3,180 SqFtStories2Lot Size3,681 SqFtStyleMiscellaneous CommercialYear Built1889Year Renovated1965CountyBOONEAPN05-25-360-007

Schools near 522 South State Street

This home is within Belvidere Community Unit School District 100.
Rating
School
Type
Grades
Distance
Lincoln Elementary School
Public - PK to 5
Belvidere South Middle School
Public - 6 to 8
Belvidere High School
Public - 9 to 12
Everest High School
Public - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicPK to 5

Belvidere South Middle School
Public6 to 8

Belvidere High School
Public9 to 12

Everest High School
Public9 to 12

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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More information about 522 South State Street, Belvidere, IL 61008

522 South State Street is a multi-family home for sale in Belvidere, IL 61008. This property was listed for sale on October 3, 2025 by Keller Williams Realty Signature, it's currently listed at $475,000. It has been on the market for a total of 95 days and was last sold on August 21, 2007. This listing's school district is Belvidere Community Unit School District 100. Nearby schools include Lincoln Elementary School, Belvidere South Middle School and Belvidere High School. 522 South State Street is a 5-bed, 5-bath, 4,180 sqft multi-family home built in 1889.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Signature

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 12/18/2025 09:14 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.