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Duplex on Corner Lot
For Sale
$120,000

1002 Oak Avenue S, Freeport, IL 61032

Duplex with recent updates and tenant-paid utilities.

Property SizeContact for details
Days on Market282

Property Features for 1002 Oak Avenue S

General Information

Standard status Active
Property subtype Multi-Family

Building Details

Year Built 1892
Listing Agency: Berkshire Hathaway HomeServices Starck Real Estate
Listed By: Steve Olszewski
Source: Kw
Added: Oct 29, 2025 Changed: Jul 10 Last Checked: Aug 5 at 12:09PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Starck Real Estate

Investment Insights

Based on property information with market context.

This duplex property, located on a corner lot, features two units. The tenant is responsible for gas and electric utilities. Recent updates completed in November and December 2021 include a new kitchen on the main floor and electrical updates. The furnaces have been serviced, and some new windows have been installed. Both water heaters were replaced in September 2021. The property also features a steel roof.

Key Highlights

  • Duplex on a corner lot offers income potential and increased property value.
  • New kitchen on the main floor (Nov/Dec 2021) provides a modern and appealing living space.
  • Steel roof ensures long‑term durability and reduced maintenance costs.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Acupuncture Butcher HVAC Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

318
Businesses Nearby

Demographics for 61032, IL

29,110
Population
14,685
Households
2
Avg Household Size
46
Median Age
20%
College-Educated
91%
High-School Grad
148.7 sq mi
ZIP Area
196
Density / Sq Mi
$54,179
Median Household Income
$34,893
Median Earnings
$769
Median Rent
$106,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Duplex with recent updates and tenant-paid utilities.
Where is this duplex located?
The property is located at 1002 Oak Avenue S Freeport, IL.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Duplex on a corner lot offers income potential and increased property value.; New kitchen on the main floor (Nov/Dec 2021) provides a modern and appealing living space.; Steel roof ensures long‑term durability and reduced maintenance costs.
More about this property
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