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3 Beds
2 Baths

$145,000

456 LATHROP Terrace, South Beloit IL, 61080

Built in1945
Property typeMulti-family
Listed by Jayne Ragan with Dickerson & Nieman Realtors - Rockford 815-227-5900

Overview

Active

New

Listed Oct 20, 2026

Updated 38h ago

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!

$965/mo

Est. mortgage payment based on a $145,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12789676

Interior Features

Bedrooms
3
Bathrooms
2
Heating
Yes
Basement
Yes

Other Property Details

Taxes
$1,546
Tax Frequency
Annually
Garage
Yes
Municipality
Rockton
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Listed by Jayne Ragan with Dickerson & Nieman Realtors - Rockford 815-227-5900

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Nicholas Ioannou are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 10/21/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. Properties displayed may be listed or sold by various participants in the MLS. Properties displayed may be listed or sold by various participants in the MLS.

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Data is refreshed every 3 hours. Listing last updated 4:24 AM UTC on 10/21/2026. 

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