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!
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.

Belvidere is located in Illinois. Belvidere, Illinois has a population of 25,179. Belvidere is less family-centric than the surrounding county with 26.45% of the households containing married families with children. The county average for households married with children is 31.2%.
The median household income in Belvidere, Illinois is $57,507. The median household income for the surrounding county is $74,076 compared to the national median of $69,021. The median age of people living in Belvidere is 36.9 years.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 12.7 degrees. The average rainfall is approximately 36.8 inches per year, with 34.7 inches of snow per year.