Loves Park, IL 61111,531 Pearl Avenue
Loves Park, IL 61111,531 Pearl Avenue
Loves Park, IL 61111,531 Pearl Avenue
Loves Park, IL 61111,531 Pearl Avenue
Loves Park, IL 61111,531 Pearl Avenue
Loves Park, IL 61111,531 Pearl Avenue
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Listed by Jay Dowthard • Gambino Realtors
Bought with NON-NWIAR Member • NorthWest Illinois Alliance of REALTORS®

$720,000

$860,000

16.3%
Est.Price: ?

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Est. payment /mo

3 Beds

1,586 SqFt


SOLD DATE : 07/31/2025

Key Details

Sold Price $720,000

Property Type Multi-Family

Sub Type 3 - 4 Units

Listing Status Sold

Purchase Type For Sale

Square Footage 1,586 sqft

Price per Sqft $453

Subdivision Il

MLS Listing ID 202502319

Sold Date 07/31/25

Style 1 Story

Bedrooms 3

Annual Tax Amount $3,290

Tax Year 2024

Property Sub-Type 3 - 4 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

Interior

Hot Water Electric

Heating Baseboard, Electric

Cooling Window Unit

Exterior

Exterior Feature Vinyl

Garage Spaces 6.0

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

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