This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$375,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
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
Full Property Details for 601 Pearl St
General
- Sold For: $375,000
- Taxes: $8,887 (2024)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12582892
- Added to Site: 111 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
- 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
Sold by Keller Williams ONEChicago
Get Pre-Approved Today
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.
601 Pearl Street, Belvidere, IL 61008 (MLS# 12582892) is a Commercial property that was sold at $375,000 on June 22, 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.

