Loves Park, IL 61111,535 Pearl Avenue
See all 6 photos
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
Listed by Jay Dowthardof Gambino Realtors Home Builders
Bought with Mohammad Fatani of Realty One Group Excel

$720,000

Est. payment /mo

$860,000

16.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

535 Pearl Avenue Loves Park, IL 61111

SOLD DATE : 07/31/2025

Key Details

Sold Price $720,000

Property Type Commercial

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

Interior

Fireplace N

Exterior

View Y/N true

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Midwest Real Estate Data (MRED) VOW
John Broda

John Broda

Realtor/Real Estate Advisor | License ID: 475175662

+1(815) 847-0359

GET MORE INFORMATION

Name
Phone*
Message

Free Account Required

  • Instant access to listing photos & details
  • Save listings and searches
  • Access details for this property