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    Freeport Illinois Freeport, IL 61032

    Sponsored
    For Sale
    $420,000

    Seven-unit Freeport, IL rental property.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a portfolio of seven single-family homes located in Freeport, Illinois, zip code 61032, Stephenson County. Offered at $420,000, this fee-simple mixed-use property boasts a strong pro-forma NOI of $45,640, translating to an attractive pro-forma cap rate of 10.87%. Each of the seven buildings houses a single rental unit, all currently occupied and exhibiting a positive rental history. The properties are situated at various locations within Freeport. Many of the homes feature newer roofs, siding, and windows, minimizing immediate maintenance needs and maximizing long-term value. This is an ideal investment for those seeking a stable, cash-flowing portfolio in a desirable Illinois market. The properties are not subject to a ground lease. This is a turnkey investment opportunity with significant potential for future appreciation and consistent rental income. The properties are located in Freeport, Illinois, a city in Stephenson County. The geographic coordinates are 42.2966861 latitude and -89.6212271 longitude. This package offers a rare chance to acquire a well-maintained, income-producing asset with a proven track record.

    Property Features for 0 Freeport Illinois

    General Information

    Property type
    Mixed-use properties

    Building Details

    Buildings
    7
    Units
    7
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Freeport
    County
    Stephenson
    State
    Illinois
    Longitude
    -89.6212271
    Latitude
    42.2966861

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    FAQs

    What type of property is this?
    Mixed-use property - Seven-unit Freeport, IL rental property.
    Where is this mixed-use property located?
    The property is located at Freeport Illinois Freeport, IL.
    What is the asking price?
    The asking price for this property is $420,000.
    (815) 238-2015
    Request Owner's contact information
    Freeport Illinois Freeport, IL 61032
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Freeport Illinois Freeport, IL 61032
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