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$475,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 2 days ago
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For an extra $25k owner will sell business as well. Room dimensions are approximate and should be verified. Title Underwriters will hold earnest money and can be sent via this link: https://www.titleunderwriters.com/earnest.asp Please contact listing agent Fidel Batres with questions or interest. Please send offers to fbatres@kw.com. Please allow 24hrs for all contract negotiations. Thank you for showing! Turnkey mixed-use investment in the heart of Downtown Belvidere. This property offers immediate cash flow with an established main-level bar, featuring a full kitchen, 5 slot machines, and 3 pool tables. The second level houses five fully equipped residential lofts (stove/fridge/microwave included), all occupied by long-term tenants. Well-maintained with Central A/C throughout. Situated near the future 2027 Metra station, this asset is positioned for exceptional appreciation and consistent income.

Full Property Details for 522 S State St

General

  • Price: $475,000
  • Taxes: $5,732 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: 2606
  • MLS ID: 202506148
  • Updated: 2/17/2026
  • Added to Site: 139 day(s) ago

Interior

  • Appliances: Microwave, Refrigerator, Stove/Cooktop, Oven

Parking

  • Total Spaces: 20

Location

  • Area: Boone County
  • County: Boone
  • Subdivision: IL

School Information

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

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Forced Air, Natural Gas
  • Water Heater: Gas

Utilities

  • Sewer: City
  • Water: City
  • Sep. Elec Meters: Yes

Structural Information

  • Architectural Style: 2 Story
  • Exterior Const.: Concrete
  • Basement: Yes
  • Roof: Metal
  • Square Feet: 4,180
  • Year Built: 1889

Unit Information

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Square Feet: 600
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Total Bathrooms: 1
  • Bedrooms: 1

Financial Considerations

  • Price Per Sq. Ft.: $113.64
  • For Sale/Rent/Lease: For Sale
  • Tax Amount: $5,732
  • Tax Year: 2024

Disclosures and Reports

  • Legal Description: 25-44-3 SLY 18' & WLY 35' OF SLY 38' OF LOT 19 & ALL OF LOTS 13 & 14 ASSRS SUR OF BLK 7 IN AARON WHITNEY'S ADD (EX ELY 20 FT X 38 FT OF LOTS 13 & 14). 522 S STATE ST
  • Flood plain: Yes

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— 522 S State St —

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Schools serving 522 S State St

School District:Belvidere Consolidated Unit School District 100
NameGradesDistance
Lincoln Elementary School, Belvidere, IL
1011 Bonus Avenue, Belvidere, IL 61008
K-51.4 mi
Belvidere South Middle School
919 East 6th Street, Belvidere, IL 61008
6-80.8 mi
Belvidere High School
1500 East Avenue, Belvidere, IL 61008
9-121.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 522 S State St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/03/2025
Listed
$475,000
90%
MLS
8/21/2007
Sold
$250,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 522 S State St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,906
-5%
$56,752
3%
2023
$5,164
—
$55,242
5%
2022
$5,164
3%
$52,819
2%
2021
$5,036
-8%
$51,880
—
2019
$5,476
-4%
$51,880
—
2018
$5,727
—
$51,880
—
2018
$5,727
1%
$51,800
2%
2016
$5,653
-3%
$50,959
—
2015
$5,815
—
$50,959
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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522 S State Street, Belvidere, IL 61008 (MLS# 202506148) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 522 S State Street is currently listed for $475,000 and was received on October 03, 2025. Want to learn more about 522 S State Street? Do you have questions about finding other Multi-Family real estate for sale in Belvidere? You can browse all Belvidere real estate or contact a Coldwell Banker agent to request more information.

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