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Four-Unit Apartment Building
For Sale
$120,000

414-416 1/2 S Adams Avenue, Freeport, IL 61032

Four residences offer a consistent two-bedroom, one-bathroom layout with forced-air heating and basic kitchen appliances.

Property SizeContact for details
Days on Market245

Property Features for 414-416 1/2 S Adams Avenue

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Amenities

Forced Air
Refrigerator
Stove/Cooktop
Yes, Shingle

Building Details

Year Built 1927
Listing Agency: Rockford
Listed By: Olga Kampmeier · License #475
Source: Kw
Added: Dec 30, 2025 Changed: Aug 31 Last Checked: Aug 31 at 1:09AM

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 Rockford

Investment Insights

Based on property information with market context.

This four-unit residential property includes a consistent layout across the building, with each residence offering two bedrooms and one bathroom. Interior features include forced-air heating, a refrigerator, and a stove/cooktop. The property was built in 1927 and has shingle exterior construction.

Located at 414-416 1/2 S Adams Avenue in Freeport, Illinois, the building is being offered as part of a portfolio package. Its repeated unit configuration provides a straightforward format for evaluating the property as a single residential income asset.

Key Highlights

  • Four units, each with 2 bedrooms and 1 bathroom
  • Forced‑air heating in each unit
  • Refrigerator and stove/cooktop included

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Hair Salon HVAC Service Nail Salon Cafe & Coffee Shop Pharmacy

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

846
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
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Frequently Asked Questions

What type of property is this?
Quadplex - Four residences offer a consistent two-bedroom, one-bathroom layout with forced-air heating and basic kitchen appliances.
Where is this quadplex located?
The property is located at 414-416 1/2 S Adams Avenue Freeport, IL.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; Forced‑air heating in each unit; Refrigerator and stove/cooktop included
More about this property
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