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$390,000
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Property Description
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.
Full Property Details
Full Property Details for 522 S State St
General
- Sold For: $390,000
- Taxes: $5,732 (2024)
- Status: Closed
- Type: Multi-Family
- Source: 2606
- MLS ID: 202603280
- Added to Site: 127 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.: $93.3
- 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
Listed by Keller Williams Realty Signature
Sold by Gambino Realtors
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Schools
Schools serving 522 S State St
School District:Belvidere Consolidated Unit School District 100
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School, Belvidere, IL 1011 Bonus Avenue, Belvidere, IL 61008 | K-5 | 1.4 mi |
Belvidere South Middle School 919 East 6th Street, Belvidere, IL 61008 | 6-8 | 0.8 mi |
Belvidere High School 1500 East Avenue, Belvidere, IL 61008 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 522 S State St
Date
Details
Price
Change
Source
9/04/2026
Sold
$390,000
-13.33%
MLS
6/05/2026
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
522 S State Street, Belvidere, IL 61008 (MLS# 202603280) is a Multi-Family property that was sold at $390,000 on September 04, 2026. 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.

