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3-Unit Multifamily Property

1768 S Hance Dr, Freeport, IL 61032

For Sale
New
$170,000

Three second-floor apartments are occupied by month-to-month tenants.

Property SizeContact for details
Days on Market6

Property Features for 1768 S Hance Dr

General Information

Standard status Active
Property subtype Multi-Family

Financials

Asking Price $170,000
Average Monthly Rent $900

Units

Unit Mix 3 x 2BR/1BA
Multifamily Units 3

Additional Details

Tenant in Place Yes

Amenities

A/C wall unit
laundry
storage

Building Details

Year Built 1981
Listing Agency: RE/MAX Unites
Listed By: Aubra Palermo · License IL #471007310
Source: Searchillinoishomesforsale
Added: Nov 4 Changed: Nov 8 Last Checked: Nov 8 at 4:32PM

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 RE/MAX Unites

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Investment Insights

Based on property information with market context.

Built in 1981, this three-unit multifamily property contains three second-floor apartments, each with two bedrooms and one bathroom. Wall-mounted air conditioning serves the units, and the property includes laundry facilities, storage, and a detached one-car garage.

Key Highlights

  • Three apartments, each with 2 bedrooms and 1 bathroom
  • All units are on the second floor
  • Wall‑mounted air conditioning in each unit

Property Analytics

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

435
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

Frequently Asked Questions

What type of property is this?
Multifamily property - Three second-floor apartments are occupied by month-to-month tenants.
Where is this multifamily property located?
The property is located at 1768 S Hance Dr Freeport, IL.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Three apartments, each with 2 bedrooms and 1 bathroom; All units are on the second floor; Wall‑mounted air conditioning in each unit
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