About This Home

This 4-bedroom, 2-bathroom residential multi family at 456 LATHROP Terrace in South Beloit, IL is listed for $145,000 ($89 per sqft). Built in 1945, the home offers 1,628 sqft of living space on a N/A lot.

Key Features

  • Built in 1945
  • 2 stories
  • 2 parking spaces

Property Details

2 stories
2 full
2 spaces
1945
Listing Description

Investor Alert! Fantastic Investment Opportunity! Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this two-unit property offers great possibilities! Conveniently located near schools, parks, restaurants, and with easy access to I-90, this property provides a desirable location for tenants and owner-occupants alike!

The main-level unit features a spacious living room, one bedroom, a full bath, and a kitchen with convenient access to the backyard and two-car garage. This unit is currently occupied by a long-term tenant, offering an established rental opportunity! The upper-level unit features two bedrooms, a full bath, and comfortable living space with plenty of possibilities.

Looking to grow your investment portfolio? This property can also be purchased as part of a package with four additional properties, providing an excellent opportunity to expand your rental holdings! Whether you're a seasoned investor or just getting started, don't miss this opportunity!

Monthly Cost Estimate

$775/mo

20% down · 6.5% · 30 years

Principal$105
Interest$628
Insurance$42

Estimates only. Actual payments may vary.

Location

456 LATHROP Terrace

South Beloit, IL 61080

Property Details

Heating

Forced AirNatural Gas

Appliances

Stove/CooktopOven

Questions & Answers

This 4-bedroom, 2-bathroom residential multi family at 456 LATHROP Terrace is listed at $145,000 ($89/sqft). The estimated monthly payment is $775 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1945, 2 stories, 2 parking spaces.

This property is listed by Jayne Ragan.

JR

Jayne Ragan

Agent at Dickerson & Nieman

Listed by Dickerson & Nieman · Broker phone: (815) 381-6804 · View on Broker Site · Broker website

MLS# 202606671· Source: NorthWest Illinois Alliance of REALTORS· 11 days on PropertySimple

Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

456 LATHROP Terrace, South Beloit, IL 61080

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