120 East Madison Street

Belvidere, IL 61008

$500,000
Price
5
Beds
4
Baths
3,360 Sq. Ft.
$149 / Sq. Ft.
3,360
Sq. Ft.
$149
per Sq. Ft.

Description

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.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.
  1. Listed by Michael Lunde • Gambino Realtors
    P: (815)-985-9522 openingdoors@teamlunde.com
  2. Listed by Christine Smith • Gambino Realtors
    P: (815)-978-6519 openingdoors@teamlunde.com

Property Details for 120 East Madison Street

Style
3+ Story
Total # of Parking Spaces
6
LISTING UPDATED: 10/25/2024 04:00 PM

Property Details for 120 East Madison Street

StatusActive And Available
MLS #202406132
Days on Market22
Taxes$8,394 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 5+ Units
Year Built1946
Lot Size-
CountyBoone County

Building Information for 120 East Madison Street

Stories3Residences10Year Built1946Building Size-Lot Size-

Property Information for 120 East Madison Street

Summary
Location and General Information
  • Grid: B6
  • City: BELVIDERE
  • State: IL
  • Zip: 61008
  • Address: 120 E Madison Street
  • County: Boone County
  • Zip Code: 61008
  • Year Built: 1946
  • School District: Belvidere 100
  • Elementary School 1: Lincoln Elementary
  • Middle School: Belvidere Central Middle
  • High School: Belvidere North
Taxes and HOA
  • Tax Year: 2023
  • Taxes: $8,394
Property
Lot Information
  • Est Below Grade Fin SqFt: 0
  • Est Total Finished Sq. Ft.: 3360
  • Est Above Grade SqFt: 3360
Property and Assessments
  • Class: MULTIFAMILY
  • Type: 5+ Units
  • Status: ACTIVE and AVAILABLE
  • PIN: 0526281008
  • HUD: No
Utilities
  • Water: City
  • Sewer: City
  • Electric: Fuses
  • Separate Utilities: No
  • Separate Electric Y/N: No
  • Separate Water Y/N: No
Interior and Exterior Features
Exterior Features
  • Exterior: Stucco
  • General Features: None
  • Roof: Other
Interior Features
  • Water Heater: Gas
  • Heating: Forced Air
  • Cooling: Window Unit
  • Appl Stay/Incl: Refrigerator, Stove/Cooktop
  • Basement Y/N: No
  • Separate Heat Y/N: No
  • Washer/Dryer CoinOp Y/N: No
  • Washer/Dryer Hookup Y/N: No
  • Washer/Dryer Y/N: No
Multi Family
Income and Expenses
  • Insurance/YR: $7,344
  • Maintenance/YR: $0
  • Management/YR: $0
  • Utilities/YR: $7,884
  • Legal/Account/YR: 0
  • Other/YR: 0
Multi Family Information
  • Number of Floors in Bldg: 3
  • Number of Tenants in Bldg: 10
  • Number of Units: 10
Unit 1
  • Unit 1 Range: Yes
  • Unit 1 Garage Capacity: 0
  • Unit 1 # Beds: 1
  • Unit 1 AC: N
  • Unit 1 Refrigerator: Yes
  • Unit 1 # Rooms: 2
  • Unit 1 # Baths: 1
  • Unit 1 Heat: FA
  • Unit 1 SqFt: 0
  • Unit 1 Lease/Deposit: 650
  • Unit 1 Rent: 650
Unit 2
  • Unit 2 Range: Yes
  • Unit 2 Garage Capacity: 0
  • Unit 2 # Beds: 1
  • Unit 2 AC: N
  • Unit 2 Refrigerator: Yes
  • Unit 2 # Rooms: 2
  • Unit 2 # Baths: 1
  • Unit 2 Heat: FA
  • Unit 2 SqFt: 0
  • Unit 2 Lease/Deposit: 650
  • Unit 2 Rent: 650
Unit 3
  • Unit 3 Range: Yes
  • Unit 3 Garage Capacity: 0
  • Unit 3 # Beds: 0
  • Unit 3 AC: N
  • Unit 3 Refrigerator: Yes
  • Unit 3 # Rooms: 1
  • Unit 3 # Baths: 1
  • Unit 3 Heat: FA
  • Unit 3 SqFt: 0
  • Unit 3 Lease/Deposit: 550
  • Unit 3 Rent: 550
Unit 4
  • Unit 4 Range: Yes
  • Unit 4 Garage Capacity: 0
  • Unit 4 # Beds: 1
  • Unit 4 AC: N
  • Unit 4 Refrigerator: Yes
  • Unit 4 # Rooms: 2
  • Unit 4 # Baths: 1
  • Unit 4 Heat: FA
  • Unit 4 SqFt: 0
  • Unit 4 Lease/Deposit: 600
  • Unit 4 Rent: 600
Unit 5
  • Unit 5 Range: Yes
  • Unit 5 Garage Capacity: 0
  • Unit 5 # Beds: 1
  • Unit 5 AC: N
  • Unit 5 Refrigerator: Yes
  • Unit 5 # Rooms: 2
  • Unit 5 # Baths: 1
  • Unit 5 Heat: FA
  • Unit 5 SqFt: 0
  • Unit 5 Lease/Deposit: 525
  • Unit 5 Rent: 525
Unit 6
  • Unit 6 Range: Yes
  • Unit 6 Garage Capacity: 0
  • Unit 6 # Beds: 1
  • Unit 6 AC: N
  • Unit 6 Refrigerator: Yes
  • Unit 6 # Rooms: 2
  • Unit 6 # Baths: 1
  • Unit 6 Heat: FA
  • Unit 6 SqFt: 0
  • Unit 6 Lease/Deposit: 650
  • Unit 6 Rent: 650
Rental
Rent Information
  • Lease: No

Property History for 120 East Madison Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 120 East Madison Street

Taxable ValueLand$3,930Additions$85,868Total$89,798
Tax Record2023$8,395 ($700 / month)
Home Facts
Total Finished SqFt2,080 SqFtAbove Grade Finished SqFt2,080 SqFtStories3Lot Size4,369 SqFtStyleMulti-Family Res (5+ Units)Year Built1946Year Renovated1985Zoning34CountyBOONEAPN05-26-281-008

Schools near 120 East Madison 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.

Similar Homes

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120 East Madison Street is a multi-family home for sale in Belvidere, IL 61008. This property was listed for sale on October 25, 2024 by Gambino Realtors, it's currently listed at $500,000. It has been on the market for a total of 22 days and was last sold on February 27, 2004. 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. 120 East Madison Street is a 5-bed, 4-bath, 3,360 sqft multi-family home built in 1946.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Gambino Realtors

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 10/25/2024 04:00 PM. 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.