Building Details

Year Built 1882

Listing Agency: Rockford

Listed By: Olga Kampmeier · License #475 Show Phone

Source: Kw

Added: Dec 21, 2025 Changed: Oct 15 Last Checked: Oct 16 at 7:14AM

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Investment Insights

Based on property information with market context.

Built in 1882, this four-unit multifamily property contains four apartments, each configured with two bedrooms and one bathroom. The building is currently condemned and requires rehabilitation, making its condition a central consideration for any purchaser.

Existing features include forced-air heating and a shingle exterior. The property is located at 420-422 1/2 S Adams Avenue in Freeport, Illinois.

Key Highlights

• Four‑unit multifamily property
• Each unit includes 2 bedrooms and 1 bathroom
• Currently condemned and requires rehabilitation

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.

Location Intelligence

Trade Area within ½ mile

846

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

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Frequently Asked Questions

What type of property is this?

Quadplex - Historic multifamily property with four two-bedroom units requiring substantial rehabilitation.

Where is this quadplex located?

The property is located at 420-422 1/2 S Adams Avenue Freeport, IL.

What is the asking price?

The asking price for this property is $82,000.

What are key features of this property?

This property features: Four‑unit multifamily property; Each unit includes 2 bedrooms and 1 bathroom; Currently condemned and requires rehabilitation