$270,000
$10K PRICE DROP

115 E Madison St Belvidere, IL 61008

Estimated payment $2,024/month

Total Views 14,628
-- Bed
-- Bath
2,492 Sq Ft
$108 Price per Sq Ft

Highlights

  • Hot Water Heating System
  • Coin Laundry
  • Washer and Dryer

About This Home

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.

Listing Agent

Mike Lunde

Gambino Realtors License #475129518

Gambino Realtors

Co-Listing Agent

Christine Smith

Gambino Realtors License #475152617

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,202

Year Built

  • Built in 1920

Parking

  • 8 Car Parking Spaces

Home Design

  • Tile Roof
  • Siding

Interior Spaces

  • 2,492 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House
  • Washer and Dryer

Kitchen

  • Stove
  • Range

Schools

  • Lincoln Elementary School
  • Belvidere Central Middle School
  • Belvidere North High School

Utilities

  • Hot Water Heating System
  • Gas Water Heater

Community Details

Overview

  • 7 Units
  • 3-Story Building

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,202

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop
  • Class: MULTIFAMILY
  • Grid: B6
  • Legal Description: 26-44-3 EX ELY 74.25' BLK 56 O T (FRAC'L) & ELY 14' OF LOTS 6 BLK 7 JOEL WALKER'S 1ST ADD & EX WLY 109.9 FT LOT 7 & WLY 49.65 FT OF NLY 9 FT OF 3 115 E MADISON ST
  • Lvt Date: 10/25/2024
  • Style: 3+ Story
  • Type: 5+ Units
  • Annual Insurance Expense: 6522
  • Number Of Floors In Bldg: 3
  • Number Of Tenants In Bldg: 7
  • Number Of Units In Bldg: 7
  • Utilities Yr: 9037
  • Agent Only_ L A1 User Code: 4554
  • Elementary School: Lincoln Elementary
  • Estimated Total Finished Sq Ft: 2492
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: 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.
  • Designated Managing Broker Y N: No
  • Separate Electric: No
  • Separate Heat: No
  • Separate Water Y N: No
  • Washer Dryer Coin Operated: Yes
  • Washer Dryer Hookups: No
  • Washer Dryer: Yes
  • Estimated Above Grade Sq Ft: 2492
  • L O1 Brokerage Number: 478003863
  • L O2 Brokerage Number: 478003863
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Type: Full
  • Price Per Sq Ft: 108.35
  • Basement: Yes

Exterior Features

  • Exterior: Siding
  • Roof: Tile

Garage/Parking

  • Total Numberof Parking Spaces: 8

Utilities

  • Heating: Hot Water/Steam
  • Sewer: City
  • Water: City
  • Water Heater: Gas

Schools

  • School District: Belvidere 100
  • Elementary School: Lincoln Elementary
  • Middle School: Belvidere Central Middle
  • High School: Belvidere North

Building Info

  • Year Built: 1920

Tax Info

  • Year: 2023
  • Taxes: 6202

MLS Schools

  • HighSchool: Belvidere North
  • School District: Belvidere 100
  • Middle School: Belvidere Central Middle

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2025 02/24/25 Price Changed $270,000 -3.6% $108 / Sq Ft
10/25/2024 10/25/24 For Sale $280,000 -- $112 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

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Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202406129

NorthWest Illinois Alliance of REALTORS®

APN: 05-26-427-005

Illinois Boone County Belvidere 61008

115 E Madison St, Belvidere, IL

Homes for Sale in Belvidere, IL

This home is located at 115 E Madison St, Belvidere, IL 61008 and is currently priced at $270,000, approximately $108 per square foot. This property was built in 1920. 115 E Madison St is a home located in Boone County with nearby schools including Lincoln Elementary School, Belvidere Central Middle School, and Belvidere North High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NorthWest Illinois Alliance of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Mike Lunde
Listing Agent
Mike Lunde
Section Image
Gambino Realtors
(779) 244-6738