IL > Loves Park > Il
Loves Park, IL 61111,535 Pearl Avenue
Loves Park, IL 61111,535 Pearl Avenue
Loves Park, IL 61111,535 Pearl Avenue
Loves Park, IL 61111,535 Pearl Avenue
Loves Park, IL 61111,535 Pearl Avenue
Loves Park, IL 61111,535 Pearl Avenue
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Mon
30
Jun
Tue
1
Jul
Wed
2
Jul
Danielle Cline

Danielle Cline

+1(815) 701-3326
Listed by Jay Dowthard • Gambino Realtors
$ 860,000
Est. payment | /mo

12 Beds

7,500 SqFt

Save
$ 860,000
Est. payment | /mo
Save

12 Beds

7,500 SqFt

Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Pending

Purchase Type For Sale

Square Footage 7,500 sqft

Price per Sqft $114

Subdivision Il

MLS Listing ID 202502320

Style 2 Story

Bedrooms 12

Annual Tax Amount $12,623

Tax Year 2024

Property Sub-Type 5+ Units

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 County

Area 49

Rooms

Basement Full

Interior

Hot Water Natural Gas

Heating Hot Water/Steam

Cooling Window Unit

Exterior

Exterior Feature Brick/Stone, Aluminum

Garage Spaces 16.0

Roof Type Shingle

Building

Sewer City

Water City

Schools

Elementary Schools Loves Park Elementary

Middle Schools Harlem Jr

High Schools Harlem High School

School District Harlem 122

agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(815) 701-3326

dcline@dcrisere.com

322 N Main St, Galena, IL, 61036, United States

GET MORE INFORMATION

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of DC Rise Real Estate, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

535 Pearl Avenue

};