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120 E Madison St
Belvidere, IL 61008
Madison Street Apartments · Multifamily Property For Sale
·
10 Units
PROPERTY FACTS
| No. Units | 10 | Lot Size | 0.10 AC |
| Property Type | Multifamily | Building Size | 5,000 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1900 |
| Building Class | C | Parking Ratio | 1.2/1,000 SF |
| Zoning | 34 | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 5,000 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | 34 |
ABOUT 120 E MADISON ST , BELVIDERE, IL 61008
10 unit rental with parking just off State Street and near Library. (Sold in tandem with 115 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 at the 115 building.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
PROPERTY TAXES
| Parcel Number | 05-26-281-008 | Improvements Assessment | $91,964 |
| Land Assessment | $3,930 | Total Assessment | $95,894 |
PROPERTY TAXES
