535 Pearl Avenue new Save Request In-Person Tour Request Virtual Tour
Loves Park,IL 61111
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
Square Footage 7,500 sqft
Price per Sqft $114
MLS Listing ID 202502320
Style 2 Story
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
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