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$425,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • Updated 23 hours ago
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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!

Full Property Details for 601 Pearl St

General

  • Price: $425,000
  • Taxes: $8,887 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12582892
  • Updated: 3/4/2026
  • Added to Site: 2 day(s) ago

Location

  • Area: Belvidere
  • County: Boone
  • Driving Directions: On S State Street, make a right onto W 1st Street. No Sign in yard

Heating & Cooling

  • Heating Type: Hot Water

Structural Information

  • Stories/Levels: 2
  • Year Built: 1850
  • Built Before 1978: Yes

Lot Features

  • Lot Size (Acres): 0.7
  • Lot Dimensions: 661 x 198 x 661 x 198
  • Zoning: MULTI

Financial Considerations

  • Insurance Fee: $3,753
  • Operating Expenses: $20,323
  • Assessment Year: 1850
  • Tax Amount: $8,887
  • Tax Year: 2024
  • Tenant Pays: Electricity

Disclosures and Reports

  • Property ID: 535232064

Listed by Keller Williams Realty Signature

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— 601 Pearl St —

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 601 Pearl St

School District:Belvidere Consolidated Unit School District 100
NameGradesDistance
Washington Academy
1031 5th Avenue, Belvidere, IL 61008
PK-80.4 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 601 Pearl St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/03/2026
Listed
$425,000
34.49%
MLS
12/08/2022
Sold
$316,000
—
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 601 Pearl St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,887
—
$102,816
8%
2023
$8,918
—
$95,397
7%
2022
$8,918
5%
$89,065
2%
2021
$8,501
—
$87,581
9%
2021
$8,501
3%
$80,586
-74%
2019
$8,256
15%
$312,875
13%
2018
$7,168
—
$277,789
329%
2018
$7,168
1%
$64,799
2%
2016
$7,071
-3%
$63,748
—
2015
$7,274
—
$63,748
—
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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601 Pearl Street, Belvidere, IL 61008 (MLS# 12582892) is a Commercial property. 601 Pearl Street is currently listed for $425,000 and was received on March 03, 2026. Want to learn more about 601 Pearl Street? Do you have questions about finding other Commercial 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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