Building Details

Buildings 1

Listing Agency: Bird Realty e***@yahoo.com Show Phone

Listed By: Eric Bird · License #471002935

Source: Searchillinoishomesforsale

Added: Jun 19 Changed: Aug 29 Last Checked: Aug 30 at 5:53PM

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Investment Insights

Based on property information with market context.

This duplex contains two apartments, each with two bedrooms, a living room, a spacious kitchen, and laundry facilities. The property has received several updates, including new shingles in 2016, new plumbing, and a second-floor bathroom remodel completed in 2017. One water heater and the boiler have also been replaced with newer equipment.

The building occupies a corner lot at 101 S Spring St in Franklin Grove, Illinois. Both apartments are fully rented, providing an existing residential income setup.

Key Highlights

• Two apartments, each with 2 bedrooms, a living room, spacious kitchen, and laundry facilities
• New shingles installed in 2016
• All new plumbing and second‑floor bathroom remodel completed in 2017

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Building Supply Parking Lot & Garage Auto Repair Shop (Bike/Boat/Book/etc) Store Grocery & Convenience Store Cafe & Coffee Shop

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

Lease Details

2

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

83

Businesses Nearby

Explore this area Business Placement

Demographics for 61031, IL

1,430

Population

654

Households

2.2

Avg Household Size

46

Median Age

26%

College-Educated

94%

High-School Grad

44.9 sq mi

ZIP Area

32

Density / Sq Mi

$74,050

Median Household Income

$39,907

Median Earnings

$822

Median Rent

$148,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units each include bedrooms, living space, kitchens, and dedicated laundry facilities.

Where is this duplex located?

The property is located at 101 S Spring St Franklin Grove, IL.

What is the asking price?

The asking price for this property is $169,900.

What are key features of this property?

This property features: Two apartments, each with 2 bedrooms, a living room, spacious kitchen, and laundry facilities; New shingles installed in 2016; All new plumbing and second‑floor bathroom remodel completed in 2017