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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
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

PROPERTY TAXES

Parcel Number
05-26-281-008
Land Assessment
$3,930
Improvements Assessment
$91,964
Total Assessment
$95,894
  • Listing ID: 10809839

  • Date on Market: 11/30/2017

  • Last Updated:

  • Address: 120 E Madison St, Belvidere, IL 61008

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