Pending

601 Pearl Street

BELVIDERE, IL 61008

$399,900 $1,685/Mo

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Overview

Bed

Bath

Description

Exceptional investment opportunity just blocks from downtown Belvidere! This stunning 6-unit Victorian offers strong cash flow with all units currently rented. The building features four studio apartments and two 1-bedroom units, providing a desirable mix for tenants. Each unit has separate electric services. The property showcases incredible curb appeal with its iconic tower, detailed trim work, well-maintained exterior and large .7 acre lot. Inside, the building offers charming character along with practical updates, including updated electrical and solid mechanicals. Additional income potential with a detached 4-car garage and two separate workshop spaces that can be rented for added revenue. The basement offers the possibility for a 7th unit with renovation, creating even more upside f or the next owner. Don’t miss this rare multi-unit opportunity!

Property Details

Property Type : Residential Income

Price : $399,900

AD Id : 75780135

MLS Id : 202601125

Beds : 2

Year Built : 1900

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 2

Room Information

Has Basement: Yes Basement: Full
Roofing Information

Shingle
Interior Features

Roof: Shingle Appliances: Gas Water Heater

Building Information

Year Built: 1900 Private Pool: No

Listing Price Information

Listing Price: $399900 Original Price: $425000

Tax Information

Parcel Number: 0535232064 Tax Year: 2024 Annual Tax: $8887 Tax Legal Desc: 35-44-3 NIJAH HOTCHKISS 1ST ADD LOTS 5,6, W 1/2 LOT 8 & W 1/2 LOT 10 BLK 1

Parking Information

Parking Total: 6

School Information

Elementary School: Washington Elementary

Junior High School: Belvidere South Middle

Senior High School: Belvidere High

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
522 S State Street, Belvidere, IL, 61008	$450,000	5	--	1,000	1,000 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the NorthWest Illinois Alliance of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 NorthWest Illinois Alliance of REALTORS®. All Rights Reserved.

ByOwner last updated this listing 06/19/2026 @ 01:22

MLS: 202601125 LISTED BY: Olga Kampmeier, Keller Williams Realty Signature 815-315-1111 SOURCE: NorthWest Illinois Alliance of REALTORS