Building Details

Year Built 1867

Listing Agency: Rockford o***@kw.com Show Phone

Listed By: Olga Kampmeier · License #475 Show Phone

Source: Kw

Added: Jan 4 Changed: Aug 31 Last Checked: Sep 1 at 12:31AM

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Investment Insights

Based on property information with market context.

This 4-unit quadplex contains four apartments, each arranged with 2 bedrooms and 1 bathroom. The property is tenant occupied and includes forced-air heating, refrigerators, and stove/cooktops. Shingle roofing is also identified among the exterior features.

Built in 1867, the property is located at 225-227 1/2 W Pleasant Street in Freeport, Illinois. The sale is offered as part of a portfolio package.

Key Highlights

• Four 2‑bedroom, 1‑bathroom units
• Tenant‑occupied property
• Forced‑air heating

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Pharmacy Dental Office Cafe & Coffee Shop HVAC Service (Bike/Boat/Book/etc) Store Tech Support Center

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

4

Residential units

Location Intelligence

Trade Area within ½ mile

843

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Quadplex - Tenant-occupied quadplex with four two-bedroom apartments and practical in-unit kitchen appliances.

Where is this quadplex located?

The property is located at 225-227 1/2 W Pleasant Street Freeport, IL.

What is the asking price?

The asking price for this property is $130,000.

What are key features of this property?

This property features: Four 2‑bedroom, 1‑bathroom units; Tenant‑occupied property; Forced‑air heating