115 East Madison Street

Belvidere, IL 61008

$280,000
Price
6
Beds
4
Baths
2,492 Sq. Ft.
$112 / Sq. Ft.
2,492
Sq. Ft.
$112
per Sq. Ft.

Description

Package multi-family deal with great cash flow. Downtown Belvidere in a opportunity zone. 120 E Madison ~ 10 units - (9) 1 bedroom & (1) studio. 115 E Madison ~ (2) 2 bedrooms, (1) 1 bedroom, (4) studios. Needs some TLC priced accordingly. Package price $780,000.Package multi-family deal with great cash flow. Downtown Belvidere in a opportunity zone. 120 E Madison ~ 10 units - (9) 1 bedroom & (1) studio. 115 E Madison ~ (2) 2 bedrooms, (1) 1 bedroom, (4) studios. Needs some TLC priced accordingly. Package price $780,000.
  1. Listed by Michael Lunde • Gambino Realtors
    P: (815)-985-9522 openingdoors@teamlunde.com
  2. Listed by Christine Smith • Gambino Realtors
    P: (815)-978-6519 openingdoors@teamlunde.com

Property Details for 115 East Madison Street

Style
3+ Story
Total # of Parking Spaces
8
LISTING UPDATED: 10/25/2024 03:33 PM

Property Details for 115 East Madison Street

StatusActive And Available
MLS #202406129
Days on Market45
Taxes$6,202 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 5+ Units
Year Built1920
Lot Size-
CountyBoone County

Building Information for 115 East Madison Street

Stories3Residences7Year Built1920Building Size-Lot Size-

Property Information for 115 East Madison Street

Summary
Location and General Information
  • Grid: B6
  • City: BELVIDERE
  • State: IL
  • Zip: 61008
  • Address: 115 E Madison Street
  • County: Boone County
  • Zip Code: 61008
  • Year Built: 1920
  • School District: Belvidere 100
  • Elementary School 1: Lincoln Elementary
  • Middle School: Belvidere Central Middle
  • High School: Belvidere North
Taxes and HOA
  • Tax Year: 2023
  • Taxes: $6,202
Property
Lot Information
  • Est Below Grade Fin SqFt: 0
  • Est Total Finished Sq. Ft.: 2492
  • Est Above Grade SqFt: 2492
Property and Assessments
  • Class: MULTIFAMILY
  • Type: 5+ Units
  • Status: ACTIVE and AVAILABLE
  • PIN: 0526427005
  • HUD: No
Utilities
  • Water: City
  • Sewer: City
  • Electric: Circuit Breaker
  • Separate Utilities: No
  • Separate Electric Y/N: No
  • Separate Water Y/N: No
Interior and Exterior Features
Exterior Features
  • Exterior: Siding
  • General Features: None
  • Roof: Tile
Interior Features
  • Basement Type: Full
  • Water Heater: Gas
  • Heating: Hot Water/Steam
  • Cooling: None
  • Appl Stay/Incl: Refrigerator, Stove/Cooktop
  • Basement Y/N: Yes
  • Separate Heat Y/N: No
  • Washer/Dryer CoinOp Y/N: Yes
  • Washer/Dryer Hookup Y/N: No
  • Washer/Dryer Y/N: Yes
Multi Family
Income and Expenses
  • Insurance/YR: $6,522
  • Maintenance/YR: $0
  • Management/YR: $0
  • Utilities/YR: $9,037
  • Legal/Account/YR: 0
  • Other/YR: 0
Multi Family Information
  • Number of Floors in Bldg: 3
  • Number of Tenants in Bldg: 7
  • Number of Units: 7
Unit 1
  • Unit 1 Range: Yes
  • Unit 1 Garage Capacity: 0
  • Unit 1 # Beds: 0
  • Unit 1 AC: N
  • Unit 1 Refrigerator: Yes
  • Unit 1 # Rooms: 1
  • Unit 1 # Baths: 1
  • Unit 1 Heat: HWS
  • Unit 1 SqFt: 0
  • Unit 1 Lease/Deposit: 475
  • Unit 1 Rent: 475
Unit 2
  • Unit 2 Range: Yes
  • Unit 2 Garage Capacity: 0
  • Unit 2 # Beds: 2
  • Unit 2 AC: N
  • Unit 2 Refrigerator: Yes
  • Unit 2 # Rooms: 3
  • Unit 2 # Baths: 1
  • Unit 2 Heat: HWS
  • Unit 2 SqFt: 0
  • Unit 2 Lease/Deposit: 800
  • Unit 2 Rent: 800
Unit 3
  • Unit 3 Range: Yes
  • Unit 3 Garage Capacity: 0
  • Unit 3 # Beds: 2
  • Unit 3 AC: N
  • Unit 3 Refrigerator: Yes
  • Unit 3 # Rooms: 3
  • Unit 3 # Baths: 1
  • Unit 3 Heat: HWS
  • Unit 3 SqFt: 0
  • Unit 3 Lease/Deposit: 650
  • Unit 3 Rent: 650
Unit 4
  • Unit 4 Range: Yes
  • Unit 4 Garage Capacity: 0
  • Unit 4 # Beds: 1
  • Unit 4 AC: N
  • Unit 4 Refrigerator: Yes
  • Unit 4 # Rooms: 2
  • Unit 4 # Baths: 1
  • Unit 4 Heat: HWS
  • Unit 4 SqFt: 0
  • Unit 4 Lease/Deposit: 625
  • Unit 4 Rent: 625
Unit 5
  • Unit 5 Range: Yes
  • Unit 5 Garage Capacity: 0
  • Unit 5 # Beds: 0
  • Unit 5 AC: N
  • Unit 5 Refrigerator: Yes
  • Unit 5 # Rooms: 1
  • Unit 5 # Baths: 1
  • Unit 5 Heat: HWS
  • Unit 5 SqFt: 0
  • Unit 5 Lease/Deposit: 500
  • Unit 5 Rent: 500
Unit 6
  • Unit 6 Range: Yes
  • Unit 6 Garage Capacity: 0
  • Unit 6 # Beds: 1
  • Unit 6 AC: N
  • Unit 6 Refrigerator: Yes
  • Unit 6 # Rooms: 1
  • Unit 6 # Baths: 0
  • Unit 6 Heat: HWS
  • Unit 6 SqFt: 0
  • Unit 6 Lease/Deposit: 475
  • Unit 6 Rent: 475
Rental
Rent Information
  • Lease: No

Property History for 115 East Madison Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 115 East Madison Street

Taxable ValueLand$5,027Additions$61,321Total$66,348
Tax Record2023$6,202 ($517 / month)
Home Facts
Total Finished SqFt3,292 SqFtAbove Grade Finished SqFt3,292 SqFtStories2Lot Size5,584 SqFtStyleMulti-Family Res (5+ Units)Year Built1920Year Renovated1960CountyBOONEAPN05-26-427-005

Schools near 115 East Madison Street

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

Belvidere Central Middle School
Public6 to 8

Belvidere North 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.

Similar Homes

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115 East Madison Street is a multi-family home for sale in Belvidere, IL 61008. This property was listed for sale on October 25, 2024 by Gambino Realtors, it's currently listed at $280,000. It has been on the market for a total of 45 days and was last sold on October 17, 2018. This listing's school district is Belvidere Community Unit School District 100. Nearby schools include Lincoln Elementary School, Belvidere Central Middle School and Belvidere North High School. 115 East Madison Street is a 6-bed, 4-bath, 2,492 sqft multi-family home built in 1920.

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 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 Gambino Realtors

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. Based on information submitted to the MLS GRID as of 10/25/2024 03:33 PM. 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.