531 Pearl, LOVES PARK, IL 61111

Other
THB ฿27,927,210
USD $860,000
Published on: 09 May 2025
Last updated on: 24 May 2025
531 Pearl, LOVES PARK, IL 61111
531 Pearl, LOVES PARK, IL 61111
531 Pearl, LOVES PARK, IL 61111
+6
531 Pearl, LOVES PARK, IL 61111
  • 6
Property ID: 110099307614
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3 - 4 Units - LOVES PARK, IL

531 Pearl, LOVES PARK, IL 61111
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.

Property Details

Basic Info

Property Type
Other
Listing Status
Pending
Architecture Style
Other
County
Winnebago County
Parcel ID
1207105007
Provider
Rockford Area MLS
Brokerage Office Name
Gambino Realtors
Brokerage Office Phone
(815) 637-0101
Address
531 Pearl, LOVES PARK, IL 61111

Nearby Schools

TypeSchool nameDistrict name
HighHarlem High SchoolNot available
Not availableNot availableNot available
ElementaryLoves Park ElementaryNot available
Not availableNot availableNot available
MiddleHarlem JrNot available
Not availableNot availableNot available
JuniorhighHarlem JrNot available
Not availableNot availableNot available

Tax History

YearTax amount
2024USD $3290THB ฿106,838*

*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither thinkofliving.com nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. thinkofliving.com recommends that you independently verify any information before relying on it.

Contact Agent
Jay Dowthard
Gambino Realtors
3815 N Mulford, ROCKFORD, IL 61114-5622
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Jay Dowthard
3815 N Mulford, ROCKFORD, IL 61114-5622
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      Property ID: 110099307614

      Original Property ID: 3yd-RAARIL-202502319
      Data provided by Rockford Area MLS, MLS #: 202502319
      * THIS SERVICE MAY CONTAIN TRANSLATIONS POWERED BY GOOGLE. GOOGLE DISCLAIMS ALL WARRANTIES RELATED TO THE TRANSLATIONS, EXPRESS OR IMPLIED, INCLUDING ANY WARRANTIES OF ACCURACY, RELIABILITY, AND ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT.
      Copyright © 2025 Rockford Area MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.