Opportunity knocks! This three-unit property, located just off N 2nd Street, sits on a generous 0.5-acre lot with alley access, offering both privacy and potential. Each unit features 1 bedroom and 1 bathroom, providing a solid rental setup for steady income. The property needs some TLC but has great upside for the right buyer. Included are 6 garage spaces, additional storage sheds, and coin-operated laundry for tenant convenience. The expansive lot may offer future development or expansion potential (buyer to verify). Conveniently located close to shopping, restaurants, and transit routes. A solid investment for those looking to add value and maximize returns.
Sold for $185,000
$185,000
5118 N 2nd St, Loves Park, IL 61111
--beds
--baths
1,886sqft
3 - 4 Units
Built in 1953
-- sqft lot
$227,000 Zestimate®
$98/sqft
$1,301 Estimated rent
Home value
$227,000
$204,000 - $250,000
$1,301/mo
Zestimate® history
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$1,433/mo
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List your homeWhat's special
Alley accessExpansive lotAdditional storage shedsCoin-operated laundry
Zillow last checked:
Listing updated:
Listed by:
Molly Leonard 608-754-2121,
Shorewest Realtors
Bought with:
John Juliano, 475142948
Berkshire Hathaway Homeservices Crosby Starck Re
Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202506584
Facts & features
Interior
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Refrigerator, Stove/Cooktop, Gas Water Heater
- Laundry: Common Area
Features
- Has basement: No
Interior area
- Total structure area: 1,886
- Total interior livable area: 1,886 sqft
- Finished area above ground: 1,886
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
- Parking features: Additional Parking
- Garage spaces: 3
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
Details
- Additional structures: Shed(s)
- Parcel number: 1112278017
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 - 4 Units
Materials
- Wood, Vinyl
- Roof: Shingle
Condition
- Year built: 1953
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: City
- Water: City
- Utilities for property: Separate Utilities
Community & HOA
Community
- Subdivision: IL
Location
- Region: Loves Park
Financial & listing details
- Price per square foot: $98/sqft
- Tax assessed value: $162,759
- Annual tax amount: $4,519
- Price range: $185K - $185K
- Date on market: 10/23/2025
- Cumulative days on market: 12 days
Price history
| Date | Event | Price |
|---|---|---|
| 12/23/2025 | Sold | $185,000-7.5%$98/sqft |
Source:  NorthWest Illinois Alliance of REALTORS® #202506584 Report a problem | ||
| 11/5/2025 | Pending sale | $200,000$106/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202506584 Report a problem | ||
| 10/23/2025 | Listed for sale | $200,000+21.2%$106/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202506584 Report a problem | ||
| 7/31/2023 | Sold | $165,000-2.9%$87/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202300259 Report a problem | ||
| 7/5/2023 | Pending sale | $169,900$90/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202300259 Report a problem | ||
| 6/13/2023 | Price change | $169,900-5.6%$90/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202300259 Report a problem | ||
| 3/7/2023 | Price change | $179,900-10%$95/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202300259 Report a problem | ||
| 1/18/2023 | Listed for sale | $199,900-27.3%$106/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202300259 Report a problem | ||
| 1/23/2011 | Listing removed | $274,900$146/sqft |
Source: iRent Real Estate Group Report a problem | ||
| 9/2/2010 | Listed for sale | $274,900+27.9%$146/sqft |
Source: iRent Real Estate Group Report a problem | ||
| 12/14/2007 | Sold | $215,000+37.4%$114/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #200797247 Report a problem | ||
| 1/7/1998 | Sold | $156,500$83/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,519 +9.7% | $54,253 +19% |
| 2023 | $4,118 +2.8% | $45,604 +11.9% |
| 2022 | $4,006 | $40,762 +9.1% |
| 2021 | -- | $37,376 +5.8% |
| 2020 | $3,467 -2.6% | $35,334 +4.9% |
| 2019 | $3,559 -4.3% | $33,677 +6.1% |
| 2018 | $3,719 +2.7% | $31,738 +4.5% |
| 2017 | $3,622 | $30,374 +1.9% |
| 2016 | $3,622 +1% | $29,805 |
| 2015 | $3,585 -1.2% | $29,805 0% |
| 2014 | $3,627 +4.2% | $29,808 -60.9% |
| 2009 | $3,480 | $76,138 +1.4% |
| 2007 | -- | $75,101 +2.7% |
| 2006 | -- | $73,114 +4.7% |
| 2005 | -- | $69,799 +5.5% |
| 2004 | -- | $66,148 +19.1% |
| 2003 | -- | $55,550 +3.3% |
| 2001 | -- | $53,755 +8.5% |
| 2000 | -- | $49,552 +10.8% |
| 1999 | -- | $44,742 |
Find assessor info on the county website
Neighborhood: 61111
Nearby homes
- $163,2003 bd1 ba1.2k sqft5137 Illinois St, Loves Park, IL 61111Off Market
- $194,0003 bd2 ba1.4k sqft5121 Illinois St, Loves Park, IL 61111Off Market
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- $147,5004 bd2 ba1.7k sqft5143 Illinois St, Loves Park, IL 61111Sold
- $183,0003 bd1 ba6.9k sqft5115 Illinois St, Loves Park, IL 61111Off Market
Nearby schools
GreatSchools rating
- 6/10Loves Park Elementary SchoolGrades: 1-5Distance: 0.5 mi
- 5/10Harlem Middle SchoolGrades: 6-8Distance: 1.3 mi
- 4/10Harlem High SchoolGrades: 9-12Distance: 3.9 mi
Schools provided by the listing agent
- Elementary: Loves Park Elementary
- Middle: Harlem Jr
- High: Harlem High School
- District: Harlem 122
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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- Illinois
- Winnebago County
- Loves Park
- 61111
- 5118 N 2nd St
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