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    55 N Greenfield Dr, Unit 57 Freeport, IL 61032

    For Sale
    $135,000

    2 Units - FREEPORT, IL

    Days on Market:
    47
    Last Refresh:
    Dec 5 at 12:06 pm

    Property Features for 55 N Greenfield Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    18133525021
    Parking
    2
    Patio and Porch features
    Patio
    Exterior features
    Patio
    Appliances
    None

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Roof type
    Shingle
    Architectural style
    Other

    Dickerson & Nieman (815) 381-6804 [email protected]

    Listing agent John Dowd (815) 227-5900 License #475126473

    Listing date Oct 20, 2025

    MLS# 202506477 Listing URL

    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.

    Overview

    Freeport Duplex Investment Opportunity

    This duplex, built in 1970, presents an investment opportunity with steady rental income. The 1.5-story garden-style apartment building features an up-and-down floor plan that maximizes space and privacy for tenants. Each unit has 3-bedrooms and 1-bathroom. The property is situated on a third-of-an-acre lot. Currently, the property generates $1,300 monthly from both units, with each unit renting for $650. The design ensures each unit maintains its independence. The spacious lot provides curb appeal and potential for future improvements. Each unit provides comfortable living space with practical layouts. The established rental rates demonstrate market acceptance and provide cash flow for investors.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Stephenson
    State
    Illinois
    Longitude
    -89.658528
    Latitude
    42.295724

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    FAQs

    What type of property is this?
    Duplex - Charming duplex in Freeport, IL, generating steady rental income.
    Where is this duplex located?
    The property is located at 55 N Greenfield Dr, Unit 57 Freeport, IL.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: - Steady Rental Income: Generates $1,300 monthly from both units.; - Duplex Investment Opportunity: Up-and-down floor plan maximizes space and privacy.; - Generous Lot Size: Sits on a third-of-an-acre lot, offering outdoor space and parking.
    (815) 227-5900
    Request Owner's contact information
    55 N Greenfield Dr, Unit 57 Freeport, IL 61032
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    55 N Greenfield Dr, Unit 57 Freeport, IL 61032
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