514-518 East Macomb Street

Belvidere, IL 61008

$475,000
Price
4
Beds
3
Baths
2,216 Sq. Ft.
$214 / Sq. Ft.
2,216
Sq. Ft.
$214
per Sq. Ft.

Description

Exceptional Investment Opportunity in Prime Location - Fully Leased Triplex Discover the perfect addition to your real estate portfolio with this immaculately maintained, fully leased triplex. Each unit in this building boasts individual meters and modern amenities, making it an ideal choice for discerning investors. Unit 514: Experience the unique charm of this townhouse-style unit, featuring one bedroom and one bath. The residence includes upscale finishes such as granite countertops, a kitchen...Exceptional Investment Opportunity in Prime Location - Fully Leased Triplex Discover the perfect addition to your real estate portfolio with this immaculately maintained, fully leased triplex. Each unit in this building boasts individual meters and modern amenities, making it an ideal choice for discerning investors. Unit 514: Experience the unique charm of this townhouse-style unit, featuring one bedroom and one bath. The residence includes upscale finishes such as granite countertops, a kitchen island, and added security with a personal safe and gun safe. Perfect for those who value both style and security. Unit 516: This townhouse-style unit offers a spacious layout with two bedrooms and one bath. Enjoy a beautifully designed living room that flows seamlessly into a well-equipped kitchen, creating an inviting atmosphere for relaxation and entertainment. Unit 518: A sleek ranch-style unit with one bedroom and one bath, highlighted by modern quartz countertops and the convenience of an in-unit washer and dryer. This unit exemplifies ease and elegance. Additional Features: All tenants can benefit from a spotless shared basement featuring washer and dryer hookups, ensuring practicality and convenience. This property not only offers aesthetic appeal and functionality but also stands as a testament to thoughtful design and investment foresight. Situated in a desirable area, this building promises continuous appeal and profitability.

Property Details for 514-518 East Macomb Street

Area
Belvidere
Township
Belvidere
Ownership
Fee Simple
Num Of Parking Spaces
4.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air

Location

Listing Courtesy of RE/MAX Suburban
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LISTING UPDATED: 05/14/2024 12:07 AM

Property Details for 514-518 East Macomb Street

StatusActive
MLS #12051469
Days on Market12
Taxes$3,422 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1900
Lot Size0.20 AC / 8,712 SF
CountyBoone County

Location

Listing Courtesy of RE/MAX Suburban
Add your commute

Building Information for 514-518 East Macomb Street

Stories-Residences3Year Built1900Building Size-Lot Size0.20 AC / 8,712 SF

Payment Calculator

$2,877 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,592

Property Taxes

$285

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 514-518 East Macomb Street

General Information
School Information
  • Elementary School District: 100
  • Elementary School: Lincoln Elementary School
  • Jr High Middle School: Belvidere Central Middle School
  • High School District: 100
  • High School: Belvidere North High School
  • Middle Or Junior School District: 100
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Unassigned
  • Parking On Site: true
  • Parking Ownership: Owned
  • Open Parking Spaces: 4.0
Property Information
Interior Features
  • Num Of Rooms: 13
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 4
  • Basement Description: Unfinished
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
  • Other Equipment: Sump Pump
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2022
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 66X132
  • Total # Units in Building: 3.0
  • Other Structures: Shed(s)
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding
  • Roof Type: Asphalt
  • General Information: None
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 41
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: Image360+realtor
  • Virtual Tour YN: Yes
Multi Family
Income & Expenses
  • Gross Income: $36,600.00
  • Insurance Expense: $3,368.00
  • Net Operating Income: $29,750.00
Unit 1
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 12
Unit 2
  • Unit Type Actual Rent: $1,250.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 12
Unit 3
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 12

Property History for 514-518 East Macomb Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 514-518 East Macomb 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.

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514-518 East Macomb Street is a multi-family home for sale in Belvidere, IL 61008. This property was listed for sale on May 8, 2024 by RE/MAX Suburban, it's currently listed at $475,000. It has been on the market for a total of 12 days and was last sold on December 27, 2013. 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. 514-518 East Macomb Street is a 4-bed, 3-bath, 2,216 sqft multi-family home built in 1900.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Suburban

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 05/14/2024 12:07 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.