Updated Duplex with Corner
For Sale
$169,900
101 S Spring Street, Franklin Grove, IL 61031
MULTI_FAMILY - Franklin Grove, IL
Property SizeContact for details
Days on Market50
Property Features for 101 S Spring Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 4, Basement, Bedroom 1, Bathroom 2, Bedroom 2
Parking
5
Parking features
Garage
Basement
Full, Unfinished
Lot features
Corner Lot
Elementary school district
275
Middle school district
275
High school district
275
Directions
Rt. 38 to Elm St. then south to W. South St. The property is on the corner of W. South St. and S. Spring St.
Subdivision
Franklin Grove
Standard status
Active
APN
06090115500700
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2421
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Amenities
laundry facilities
Building Details
Building materials
Slate
Roof type
Asphalt
Listing Agency:
Bird Realty
(815) 973-6768
Listed By:
Eric Bird · License #471002935
(815) 600-8636
Added: Jun 23
Changed: Aug 2
Last Checked: Aug 11 at 9:06AM
MLS# 12686520
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained duplex in Franklin Grove offers two apartments, each with two bedrooms, a living room, spacious kitchen, and laundry facilities. The second-floor bath was remodeled in 2017. Updates also include new shingles in 2016, all new plumbing, one newer water heater, and a newer boiler. The property sits on a corner lot.
The building includes a basement and is constructed with slate, with an asphalt roof. Heating is electric. Public water and public sewer services are available. Parking is available with a garage.
Both units are described as fully rented, and the building is presented as generating rental income from day one.
The building includes a basement and is constructed with slate, with an asphalt roof. Heating is electric. Public water and public sewer services are available. Parking is available with a garage.
Both units are described as fully rented, and the building is presented as generating rental income from day one.
Key Highlights
- Two apartments, each with two bedrooms, living room, kitchen, and in‑unit laundry
- New shingles installed in 2016 and all new plumbing
- Second‑floor bath remodeled in 2017
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with two apartments, each offering two bedrooms, living room, kitchen, and laundry facilities.
Where is this duplex located?
The property is located at 101 S Spring Street 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 two bedrooms, living room, kitchen, and in‑unit laundry; New shingles installed in 2016 and all new plumbing; Second‑floor bath remodeled in 2017
