601 Pearl Street
Belvidere, IL, 61008
$399,900
2 Beds
6 Baths
0 SqFt
0.7 Acres
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MLS #MRD12582892 image #0
Exceptional investment opportunity just blocks from downtown Belvidere! This stunning 6-unit Victorian offers strong cashflow 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 for the next owner. Don’t miss this rare multi-unit opportunity!

Property Details

Price:
$399,900
MLS #:
MRD12582892
Status:
Active Under Contract
Beds:
2
Baths:
6
Type:
Commercial
Neighborhood:
belvidere
Listed Date:
Mar 3, 2026
Year Built:
1850
BelvidereBelvidere

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Schools

Interior

Exterior

Stories
2

Financial

Net Operating Income
$35,897
Tax Year
2024
Taxes
$8,887

Map

Community

Market Summary

Current real estate data for Commercial in Belvidere as of May 15, 2026
1
Commercial Listed
73
Avg DOM
$399,900
Avg List Price

Property Summary

    601 Pearl Street Belvidere IL is a Commercial for sale in Belvidere, IL, 61008. It is listed for $399,900

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