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Occupied Quadplex with Garage
For Sale
$87,000

428-434 W Exchange Street, Freeport, IL 61032

Brick income property with four two-bedroom units, attached parking, and included kitchen appliances.

Property SizeContact for details
Days on Market250

Property Features for 428-434 W Exchange Street

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi-Family
Occupancy 100%

Units

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

Amenities

Hot Water/Steam
Refrigerator
Stove/Cooktop
Yes, Shingle

Building Details

Year Built 1857
Buildings 1
Construction brick
Listing Agency: Rockford
Listed By: Olga Kampmeier · License #475
Source: Kw
Added: Dec 20, 2025 Changed: Aug 25 Last Checked: Aug 26 at 3:49PM

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 4-unit brick quadplex was built in 1857 and is fully occupied. Each residence includes 2 bedrooms and 1 bathroom, creating a consistent unit layout across the building. Interior features include hot water/steam heat, a refrigerator, and a stove or cooktop. The property also has an attached 2-car garage and a shingle exterior.

The building is located at 428-434 W Exchange Street in Freeport, Illinois. It is offered as part of a portfolio sale.

Key Highlights

  • Four 2‑bedroom, 1‑bathroom units
  • Fully occupied 4‑unit building
  • Brick construction with shingle exterior

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Dental Office HVAC Service Catering Service (Bike/Boat/Book/etc) Store Hair Salon 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
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

927
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 - Brick income property with four two-bedroom units, attached parking, and included kitchen appliances.
Where is this quadplex located?
The property is located at 428-434 W Exchange Street Freeport, IL.
What is the asking price?
The asking price for this property is $87,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bathroom units; Fully occupied 4‑unit building; Brick construction with shingle exterior
More about this property
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