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.

Features
: Hot Water/steam
: Window Unit
Location
US
IL
Winnebago County
LOVES PARK
61111
Pearl
535
W90° 56' 39.8''
N42° 18' 26.2''
535 Pearl Avenue
Additional Information
ACTIVE and AVAILABLE
$12,623
0
8
City
City
Natural Gas
Dowthard
Gambino Realtors
: Brick/stone, Aluminum
1755
$0
$0
Harlem 122
Loves Park Elementary
Harlem Jr
Harlem High School
: Fenced Yard, Laundry In Unit
05/17/2025
05/09/2025 16:25:54

535 Pearl LOVES PARK, Illinois 61111

5+ Units For Sale
7,500 Sqft
$860,000

Reference ID: 202502320

Basic Details
Property Type : 5+ Units
Price : $860,000
Square Footage : 7,500 Sqft
Agent info

This listing is courtesy of

Jay Dowthard

Gambino Realtors

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