Downtown Mixed-Use Income
211 East Stephenson Street Freeport, IL 61032
211 East Stephenson Street, Freeport, IL, 61032
$129,900
For Sale
$129,900
Multi-use building with a large commercial office suite plus four residential units across the second and third floors.
Property Size2,400 SF
Price / SF$54.13
Days on Market724
Property Features for 211 East Stephenson Street
General Information
- Standard status
- Active
- Size
- 2,400 SF
Building Details
- Year Built
- 1892
Listing agency
Keller Williams Realty Signature
(224) 456-8786
Listed by
Paige Burnett · License #475211537
Source
Compass
Added: Jul 28, 2024 Updated: Jul 21 at 7:58AM Checked: Jul 21 at 7:58AM
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Investment Insights
Based on property information with market context.
This multi-use downtown property includes 211 E Stephenson St and 211 1/2 E Stephenson St. The 211 suite is a large commercial office with multiple separated spaces, including a bathroom with sink and toilet, a kitchenette, a rear exit door, and an unfinished basement, along with high ceilings and visibility on Stephenson Street.
The 211 1/2 building contains four 1-bedroom/1-bath apartments, with two units on the second floor and two units on the third floor. Each apartment has its own furnace using gas forced air, and its own gas and electric meter. Updates noted by the seller include new water heaters for Unit 3 and Unit 4 in 2021 and 2022, and a new furnace for Unit 3 in 2018.
Tenants are responsible for their own gas, water, and electric for their respective units as designated on current leases. The owner is responsible for water/sewer/garbage utilities and common hallway electric. The seller indicates all units are current on rental balances and charges. A 24-hour parking lot is diagonally across Stephenson Street, with street parking available as well.
The 211 1/2 building contains four 1-bedroom/1-bath apartments, with two units on the second floor and two units on the third floor. Each apartment has its own furnace using gas forced air, and its own gas and electric meter. Updates noted by the seller include new water heaters for Unit 3 and Unit 4 in 2021 and 2022, and a new furnace for Unit 3 in 2018.
Tenants are responsible for their own gas, water, and electric for their respective units as designated on current leases. The owner is responsible for water/sewer/garbage utilities and common hallway electric. The seller indicates all units are current on rental balances and charges. A 24-hour parking lot is diagonally across Stephenson Street, with street parking available as well.
Key Highlights
- Multi‑use downtown Freeport building (built 1892) with a large commercial office plus four residential units on the 2nd and 3rd floors
- Commercial office suite (211 E Stephenson St) features multiple separated spaces, bathroom with sink/toilet, kitchenette, rear exit door, unfinished basement, and high ceilings
- Four 1 bed/1 bath apartments (211 1/2 E Stephenson St): two on the 2nd floor and two on the 3rd floor
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Multi-use building with a large commercial office suite plus four residential units across the second and third floors.
Where is this quadplex located?
The property is located at 211 East Stephenson Street Freeport, IL.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Multi‑use downtown Freeport building (built 1892) with a large commercial office plus four residential units on the 2nd and 3rd floors; Commercial office suite (211 E Stephenson St) features multiple separated spaces, bathroom with sink/toilet, kitchenette, rear exit door, unfinished basement, and high ceilings; Four 1 bed/1 bath apartments (211 1/2 E Stephenson St): two on the 2nd floor and two on the 3rd floor
