5518 Erics Way
South Beloit, IL 61080
3 bd 4 ba 2,303 sqft Built 1992 Lot 36,590 sqft single_family
Most recent sale
$257,920
Oct 21, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 28, 2022 | Sold | $257,920 | Public Record |
| Oct 21, 2022 | Sold | $257,920 | MLS #11629095 |
| Sep 14, 2022 | Listed | $250,000 | MLS #11629095 |
| May 17, 2018 | Sold | $171,900 | MLS #201801108 |
| Mar 27, 2018 | Relisted | $171,900 | MLS #201801108 |
| Mar 14, 2018 | Listed | $171,900 | MLS #201801108 |
| Sep 27, 1993 | Sold | $103,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $68,058 | $19,743 | $87,801 | $5,771 |
| 2023 | $62,159 | $18,032 | $80,191 | $5,628 |
| 2022 | $50,995 | $14,793 | $65,788 | $5,367 |
| 2021 | $47,905 | $13,897 | $61,802 | $5,140 |
| 2020 | $46,165 | $13,392 | $59,557 | $5,040 |
| 2019 | $44,097 | $12,792 | $56,889 | $4,904 |
| 2018 | $40,918 | $12,292 | $53,210 | $5,328 |
| 2017 | $39,466 | $11,856 | $51,322 | $5,258 |
| 2016 | $38,833 | $11,666 | $50,499 | $5,064 |
| 2015 | $37,724 | $11,333 | $49,057 | $5,031 |
| 2014 | $37,247 | $11,190 | $48,437 | $4,364 |
| 2013 | $37,772 | $11,348 | $49,120 | $4,284 |
| 2012 | $39,178 | $11,771 | $50,949 | $4,193 |
| 2011 | $40,759 | $12,246 | $53,005 | $4,264 |
| 2010 | $41,684 | $12,524 | $54,208 | $4,116 |
| 2009 | $42,548 | $12,784 | $55,332 | $3,992 |
| 2008 | $41,923 | $12,596 | $54,519 | $3,937 |
| 2007 | $40,322 | $12,115 | $52,437 | $3,812 |
| 2006 | $44,033 | $6,991 | $51,024 | $3,653 |
Property facts
Year built
1992
Property type
single_family
Stories
2
Beds
3
Baths
4
Living area
2,303 sqft
Lot size
36,590 sqft
ZIP code
61080
City
South Beloit
Street
Erics Way
Coordinates
42.47453, -89.00964
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,548
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 5518 Erics Way last sell?
5518 Erics Way most recently sold on Oct 21, 2022 for $257,920.
What is the current tax assessment for 5518 Erics Way?
The most recent total assessment for 5518 Erics Way (year 2025) is $87,801 with $5,771 in property tax.
How does 5518 Erics Way's assessment compare to its last sale price?
The current assessment is 66.0% below the last sale price of $257,920.
When was 5518 Erics Way built?
5518 Erics Way was built in 1992.
How does 5518 Erics Way compare to others on Erics Way?
We do not currently track other properties on Erics Way.
What are the property facts for 5518 Erics Way?
5518 Erics Way is a 3 bed, 4 bath, 2,303 sqft, 36,590 sqft lot single_family.
Is 5518 Erics Way a flip candidate?
No — 5518 Erics Way does not appear in our flips dataset.
Is 5518 Erics Way a tax-appeal candidate?
No — 5518 Erics Way is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-1.1%
Implied 1-yr
-4.2%
2026 Q3
$210K
2026 Q4
$207.7K
ZIP 61080 — Median Price History + Forecast
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Geography