Investor Alert! Fantastic Investment Opportunity! Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this two-unit property offers great possibilities! Conveniently located near schools, parks, restaurants, and with easy access to I-90, this property provides a desirable location for tenants and owner-occupants alike! The main-level unit features a spacious living room, one bedroom, a full bath, and a kitchen with convenient access to the backyard and two-car garage. This unit is currently occupied by a long-term tenant, offering an established rental opportunity! The upper-level unit features two bedrooms, a full bath, and comfortable living space with plenty of possibilities. Looking to grow your investment portfolio? This property can also be purchased as part of a package with four additional properties, providing an excellent opportunity to expand your rental holdings! Whether you're a seasoned investor or just getting started, don't miss this opportunity!
For sale
$145,000
456 Lathrop Ter, South Beloit, IL 61080
4beds
2baths
1,628sqft
2 Units
Built in 1945
-- sqft lot
$126,000 Zestimate®
$89/sqft
$-- HOA
What's special
One bedroomComfortable living spaceTwo-car garageTwo bedrooms
- 1 day
- 67
- 5
Zillow last checked:
Listing updated:
Listed by:
Jayne Ragan 815-988-7667,
Dickerson & Nieman
Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202606671
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Stove/Cooktop, Oven, Gas Water Heater
Features
- Basement: Full
Interior area
- Total structure area: 1,628
- Total interior livable area: 1,628 sqft
- Finished area above ground: 1,628
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Additional Parking
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
Details
- Parcel number: 0405376002
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 Units
Materials
- Wood
- Roof: Shingle
Condition
- Year built: 1945
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: City
- Water: City
- Utilities for property: Separate Utilities
Community & HOA
Community
- Features: Storage Area
- Subdivision: IL
Location
- Region: South Beloit
Financial & listing details
- Price per square foot: $89/sqft
- Tax assessed value: $66,162
- Annual tax amount: $1,546
- Price range: $145K - $145K
- Date on market: 10/20/2026
Estimated market value
$126,000
$103,000 - $149,000
$1,307/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/20/2026 | Listed for sale | $145,000+457.7%$89/sqft |
Source:  NorthWest Illinois Alliance of REALTORS® #202606671 Report a problem | ||
| 4/20/2016 | Sold | $26,000-34.8%$16/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #201600677 Report a problem | ||
| 3/15/2016 | Price change | $39,900-8.3%$25/sqft |
Source: RE/MAX Valley, Realtors #201600677 Report a problem | ||
| 2/13/2016 | Listed for sale | $43,500+14.5%$27/sqft |
Source: RE/MAX Valley, Realtors #201600677 Report a problem | ||
| 8/29/2000 | Sold | $38,000$23/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,546 +1.4% | $22,054 +9.3% |
| 2024 | $1,526 +10.4% | $20,181 +21.1% |
| 2023 | $1,382 +4.9% | $16,661 +9.5% |
| 2022 | $1,317 | $15,221 +6.9% |
| 2021 | -- | $14,244 +3.3% |
| 2020 | $1,247 -0.1% | $13,791 +3.8% |
| 2019 | $1,249 -0.1% | $13,285 +4.9% |
| 2018 | $1,251 +0.7% | $12,662 +4.3% |
| 2017 | $1,242 | $12,136 +3.4% |
| 2016 | $1,242 +1.5% | $11,738 +2.3% |
| 2015 | $1,223 +0.5% | $11,469 -6.1% |
| 2014 | $1,216 -10.9% | $12,214 -21.2% |
| 2009 | $1,365 | $15,495 +10.7% |
| 2007 | -- | $14,003 +1.9% |
| 2006 | -- | $13,746 +12.8% |
| 2005 | -- | $12,190 +3.2% |
| 2004 | -- | $11,810 +4.3% |
| 2003 | -- | $11,322 +4.1% |
| 2001 | -- | $10,881 +7% |
| 2000 | -- | $10,165 +3.9% |
| 1999 | -- | $9,784 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 61080
Nearby schools
Schools provided by the listing agent
- Elementary: Clark Elementary
- Middle: South Beloit Jr High
- High: South Beloit Sr High
- District: South Beloit 320-Cnty of Winnebago
Source: NorthWest Illinois Alliance of REALTORS®. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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