Loves Park, IL 61111,535 Pearl AVE
Loves Park, IL 61111,535 Pearl AVE
Loves Park, IL 61111,535 Pearl AVE
Loves Park, IL 61111,535 Pearl AVE
Loves Park, IL 61111,535 Pearl AVE
Loves Park, IL 61111,535 Pearl AVE
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$720,000

$860,000

16.3%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 07/31/2025

Key Details

Sold Price $720,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12360597

Sold Date 07/31/25

Year Built 1967

Annual Tax Amount $12,623

Tax Year 2024

Lot Dimensions 50X180.2X50X180.2

Property Sub-Type Multi Family 5+

Property Description

Turnkey 11-Unit Investment Opportunity - Prime Location. Rare opportunity to own three adjacent multi-family buildings (11 total units) on a single parcel in a desirable, high-demand neighborhood. Two 4-unit townhouse-style buildings with full basements. One 3-unit ranch-style building-single-level living. All units have adjacent parking for tenant convenience.Excellent rental history and long-term tenants. Major Updates Include: New boilers (2023) in one 4-family building,Commercial-grade gutters and fascia boards (2023), Updated boiler electrical system. 3-family building features electric heat-paid by tenants. Owner provides heat and water for the two 4-unit buildings. New roofs and gutters installed in 2018/2022. All buildings are located within the same complex-easy to manage with no travel between units. Strong cash flow and income potential of up to $165,000/year make this a prime investment opportunity. 531 Pearl Avenue and 535 Pearl Avenue to be sold as a package deal.

Location

State IL

County Winnebago

Area Loves Park

Interior

Fireplace N

Building

Level or Stories 2

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Midwest Real Estate Data (MRED) IDX
Listed by Jay Dowthard • Gambino Realtors Home Builders
Bought with Mohammad Fatani • Realty One Group Excel

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agent
Sarah Leonard

Broker | Owner

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