For sale

$450,000

522 S State St, Belvidere, IL 61008

--beds

--baths

4,180sqft

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5+ Units

Built in 1889

-- sqft lot

$426,000 Zestimate^®

$108/sqft

$-- HOA

What's special

Full kitchenCentral air conditioning throughout

Prime Downtown Belvidere Mixed-Use Investment Opportunity! This turnkey property offers strong, immediate cash flow with an established bar on the main level featuring a full kitchen, 5 gaming machines, and 3 pool tables. Upstairs, you'll find five fully occupied residential lofts, each equipped with a stove, refrigerator, and microwave, and occupied by long-term tenants. The building has been well maintained and features central air conditioning throughout. Located in the heart of Downtown Belvidere and just minutes from the planned Metra station expected in 2027, this property is well positioned for future growth, increased demand, and long-term appreciation. A rare opportunity to acquire a fully occupied, income-producing asset in a rapidly developing area.

28 days

537

23

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Facts & features

Interior

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Included: Microwave, Refrigerator, Stove/Cooktop, Oven, Gas Water Heater

Features

Has basement: Yes

Interior area

Total structure area: 4,180
Total interior livable area: 4,180 sqft
Finished area above ground: 3,180
Finished area below ground: 1,000

Property

Parking

Total spaces: 20
Parking features: Additional Parking

Features

Levels: Two
Stories: 2

Details

Additional parcels included: 0525360008 0525360024 0525360025
Parcel number: 0525360007

Construction

Type & style

Home type: MultiFamily
Property subtype: 5+ Units

Materials

Concrete
Roof: Metal

Condition

Year built: 1889

Utilities & green energy

Electric: Fuses
Sewer: City
Water: City
Utilities for property: Separate Utilities

Community & HOA

Community

Subdivision: IL

Location

Region: Belvidere

Financial & listing details

Price per square foot: $108/sqft
Annual tax amount: $5,732
Price range: $450K - $450K
Date on market: 6/5/2026
Cumulative days on market: 244 days

Estimated market value

$426,000

$405,000 - $447,000

$1,652/mo

Price history

Date	Event	Price
6/5/2026	Listed for sale	$450,000-5.3%$108/sqft
Source: NorthWest Illinois Alliance of REALTORS® #202603280 Report a problem
5/7/2026	Listing removed	$475,000$114/sqft
Source: NorthWest Illinois Alliance of REALTORS® #202506148 Report a problem
10/3/2025	Listed for sale	$475,000$114/sqft
Source: NorthWest Illinois Alliance of REALTORS® #202506148 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 61008

Getting around

77 / 100

Very Walkable

62 / 100

Bikeable

Nearby schools

GreatSchools rating

4/10
Lincoln Elementary School
Grades: PK-5Distance: 1.4 mi
5/10
Belvidere South Middle School
Grades: 6-8Distance: 0.8 mi
3/10
Belvidere High School
Grades: 9-12Distance: 1 mi

Schools provided by the listing agent

Elementary: Seth Whitman Elem
Middle: Belvidere Central Middle
High: Belvidere North
District: Belvidere 100

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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