522 S State St, Belvidere, IL, 61008
About This Home
Prime Downtown Belvidere Mixed-Use Investment Opportunity! This turnkey property offers strong, immediate cash flow with an established bar on the main level featuring a full kitchen, 5 gaming machines, and 3 pool tables. Upstairs, you'll find five fully occupied residential lofts, each equipped with a stove, refrigerator, and microwave, and occupied by long-term tenants. The building has been well maintained and features central air conditioning throughout. Located in the heart of Downtown Belvidere and just minutes from the planned Metra station expected in 2027, this property is well positioned for future growth, increased demand, and long-term appreciation. A rare opportunity to acquire a fully occupied, income-producing asset in a rapidly developing area.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1889
Materials
- Roof: Metal
- Construction materials: Concrete
Type & Style
- Home type: MultiFamily
- Property subType: 5+ Units
Interior
Appliances
- Appliances included: Microwave,Refrigerator,Stove/Cooktop,Oven,Gas Water Heater
Basement
- Has basement: Yes
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 5
Features
- Finished area below ground: 1,000
- Finished area above ground: 3,180
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 4,180
- Total interior livable area: 4,180 sqft
Property
Details
- Parcel number: 0525360007
Features
- Levels: Two
- Stories: 2
Parking
- Total spaces: 20
- Parking features: Additional Parking
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Hail
- Inland Flooding
- Lightning
- Strong Wind
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Illinois Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,275 | $27,300 |
| Home Insurance * | $302 | $3,624 |
| Property Taxes | $746 | $8,952 |
| Electricity | $321 | $3,858 |
| Total | $3,644 | $43,728 |
Income You'd Need if You Spent...
Illinois FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-12 | Pending sale | $450,000 |
| 2026-06-05 | Listed for sale | $450,000 |
| 2026-05-07 | Listing removed | $475,000 |
| 2025-10-03 | Listed for sale | $475,000 |
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