Turnkey 4-Unit Investment Property - Strong Rental Income And Excellent Tenant Appeal! Each 1-bedroom, 1-bathroom unit features a spacious living area and kitchen, providing comfortable living for tenants. The property sits on a generous half-acre lot, allowing for ample outdoor space and accommodating extra-large garage spaces for each tenant-perfect for parking and storage. Recent updates add value and reduce maintenance costs, including some new windows (2019), a new roof (2017), newer carpet in Unit #1, and a newer furnace in Unit #3. With strong rental potential and a prime location, this property is a must-see for investors. One unit can be shown and others are same layout and can be shown if buyer is serious after seeing the first unit. Limited showings available until the property is officially on the market-reach out to for more details. SOLD AS-IS Current rental income: Unit #1 & #4: 800 each Unit #2: 900 Unit #3: 750. Total rental income is 3,250/month.
Closed
$330,000
331 Belteberg Rd, Loves Park, IL 61111
4beds
--sqft
Multi Family
Built in 1958
-- sqft lot
$337,900 Zestimate®
$--/sqft
$1,421 Estimated rent
Home value
$337,900
$311,000 - $365,000
$1,421/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: June 20, 2025 at 09:05am
Listing courtesy of:
Todd Klein 847-609-8633,
Compass
Bought with:
Joseph Eurek
Dickerson & Nieman Realtors - Rockford
Source: MRED as distributed by MLS GRID,MLS#: 12302767
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Forced Air
Features
- Basement: None
Property
Parking
- Total spaces: 4
- Parking features: On Site, Garage Owned, Detached, Garage
- Garage spaces: 4
Lot
- Size: 0.41 Acres
- Dimensions: 138X156.5
Details
- Parcel number: 1101280025
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family
Materials
- Frame
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1958
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Loves Park
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 6/13/2025 | Sold | $330,000+4.8% |
Source:  MRED as distributed by MLS GRID #12302767 | ||
| 5/12/2025 | Contingent | $314,990 |
Source: MRED as distributed by MLS GRID #12302767 | ||
| 5/6/2025 | Listed for sale | $314,990+53.7% |
Source: MRED as distributed by MLS GRID #12302767 | ||
| 1/22/2022 | Sold | $205,000-6.8% |
Source: MRED as distributed by MLS GRID #11235529 | ||
| 12/20/2021 | Pending sale | $220,000 |
Source:  NorthWest Illinois Alliance of REALTORS® #202106297 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $5,385 +2.8% | $59,638 +11.9% |
| 2022 | $5,238 | $53,305 +6.4% |
| 2021 | -- | $50,098 +5.8% |
Find assessor info on the county website
Neighborhood: 61111
Nearby schools
GreatSchools rating
- 2/10Windsor Elementary SchoolGrades: 1-6Distance: 0.8 mi
- 3/10Harlem Middle SchoolGrades: 7-8Distance: 0.5 mi
- 4/10Harlem High SchoolGrades: 9-12Distance: 3.2 mi
Schools provided by the listing agent
- District: 122
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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