601 Pearl Street, Belvidere, IL 61008 - Photo 1

1/1

$375,000

Sold
Closed
Multi-Family

1/1

Property Description

Property has one boiler and 1 water meter to building. 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 for the next owner. Don't miss this rare multi-unit opportunity!

Full Property Details

Full Property Details for 601 Pearl St

General

Sold For: $375,000
Taxes: $8,887 (2024)
Status: Closed
Type: Multi-Family
Source: 2606
MLS ID: 202601125
Added to Site: 130 day(s) ago

Interior

Appliances: None

Parking

Total Spaces: 6

Location

Area: Boone County
County: Boone
Subdivision: IL

School Information

School District: Belvidere 100
Elementary School: Washington Elementary
Middle School: Belvidere South Middle
High School: Belvidere High

Heating & Cooling

Cooling Type: None
Heating Type: Hot Water/Steam
Water Heater: Gas

Utilities

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

Structural Information

Architectural Style: 2 Story
Exterior Const.: Wood
Basement: Yes
Basement Desc.: Full
Roof: Shingle
Square Feet: 1,761
Year Built: 1900

Unit Information

Unit 1

Total Bathrooms: 1

Unit 2

Square Feet: TBD
Total Bathrooms: 1

Unit 3

Total Bathrooms: 1
Bedrooms: 1

Unit 4

Total Bathrooms: 1
Bedrooms: 1

Unit 5

Total Bathrooms: 1

Unit 6

Total Bathrooms: 1

Financial Considerations

Price Per Sq. Ft.: $212.95
For Sale/Rent/Lease: For Sale
Tax Amount: $8,887
Tax Year: 2024

Disclosures and Reports

Legal Description: 35-44-3 NIJAH HOTCHKISS 1ST ADD LOTS 5, 6, W 1/2 LOT 8 & W 1/2 LOT 10 BLK 1

Listed by Keller Williams Realty Signature
Sold by NorthWest Illinois Alliance of REALTORSÂ®

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Schools

Schools serving 601 Pearl St

School District:Belvidere Consolidated Unit School District 100

Name	Grades	Distance
Washington Academy 1031 5th Avenue, Belvidere, IL 61008	PK-8	0.4 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 601 Pearl St

Date

Details

Price

Change

Source

6/22/2026

Sold

$375,000

-6.23%

MLS

3/27/2026

Price Reduced

$399,900

-5.91%

MLS

3/03/2026

Listed

$425,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Sq. Ft.

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Total Bath
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Sq. Ft.

601 Pearl St, Belvidere, IL 61008 - Photo 1

Sold

$375,000