115 E Madison St | Belvidere, IL 61008
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115 E Madison St
Belvidere, IL 61008
Madison Street Apartments · Multifamily Property For Sale
·
7 Units
PROPERTY FACTS
| No. Units | 7 | Building Size | 3,500 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1920 |
| Lot Size | 0.13 AC | Parking Ratio | 1.43/1,000 SF |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.13 AC |
| Building Size | 3,500 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Parking Ratio | 1.43/1,000 SF |
AMENITIES
SITE AMENITIES
- Laundry Facilities
ABOUT 115 E MADISON ST , BELVIDERE, IL 61008
7 unit rental with parking just off State Street and near Library. (Sold in tandem with 120 E Madison )Currently owned by broker, Roger Koeppen, have had for 14 years with steady occupancy, upkeep and long term tenants. This is a great cash flow property to add to an existing portfolio of an active landlord. Currently all repairs and day to day management are provided by long term tenant in trade for rent. With an active landlord, the opportunity to increase rents exist on a 2 bedroom unit.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 2 | - | - |
| 2+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 05-26-427-005 | Improvements Assessment | $75,437 |
| Land Assessment | $5,027 | Total Assessment | $80,464 |
PROPERTY TAXES
Parcel Number
05-26-427-005
Land Assessment
$5,027
Improvements Assessment
$75,437
Total Assessment
$80,464
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