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    Forreston, IL Multifamily Properties for Sale

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    Baileyville, IL Shannon, IL Freeport, IL
    Forreston Land with Income Potential
    $1,050,000
    1.20 Acres
    Forreston Land with Income Potential

    407 N Ash Ave, Forreston, IL

    Land with income potential in Forreston, Illinois.
    • Ability to achieve a cash‑on‑cash return of 21.46% by year three
    • Potential to achieve a total operating income of $225,158 by year five
    • Estimated value in year three of ~$2,200,000 based on our underwriting at a 7.00% cap rate
    • Partial seller financing available: $115k amount, 6.00% interest rate, 3‑5 year term
    • Stabilized community with upside through infilling the remaining five vacant sites
    Updated: Apr 24, 2025
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Forreston, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Freeport Duplex: Owner-Occupant Opportunity
    $200,000
    2,560 SF
    Freeport Duplex: Owner-Occupant Opportunity

    Two-story duplex with separate utilities, ideal for owner-occupants.

    404-406 E Prospect Terrace, Freeport, IL 61032

    View details
    Freeport IL Duplex For Sale
    $125,000
    Freeport IL Duplex For Sale

    Well-maintained duplex, part of a larger portfolio opportunity.

    1258 S Galena Avenue, Freeport, IL 61032

    View details
    Four-Unit Multifamily Corner Property
    $295,000
    Four-Unit Multifamily Corner Property

    Four-unit multifamily building with a newer roof and a corner-lot layout for two units on each level.

    411 N 6th Street, Oregon, IL 61061

    View details
    Classic 6-Unit Apartment Building
    $390,000
    4,054 SF
    Classic 6-Unit Apartment Building

    Fully rented, historic 6-unit apartment building with steady cash flow.

    400 N 4th Street, Oregon, IL 61061

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land For Sale, Lakemoor, IL
    Contact for pricing
    0.12 Acres
    Land For Sale, Lakemoor, IL

    Commercial land available in Lakemoor, Illinois.

    27 Oyster Bay, Lakemoor, IL 60051

    View details
    University Park Developable Land
    Contact for pricing
    3.20 Acres
    University Park Developable Land

    3.2 acres with 24 concrete housing pads in University Park.

    976 Mesa Court, University Park, IL 60484

    View details
    Wooded Homesite in Wheatfield, Indiana
    Contact for pricing
    0.57 Acres
    Wooded Homesite in Wheatfield, Indiana

    Spacious, wooded 0.57-acre lot in established neighborhood.

    4418 Oakland Court, Wheatfield, IN 46392

    View details
    Buildable Residential Lot with Pines
    $35,000
    2.45 Acres
    Buildable Residential Lot with Pines

    A wooded 2.45-acre lot with electric and fiber available at the lot line, suited for a home or cabin.

    Bollig Court lot: 2, Nekoosa, WI 54457

    View details

    Forreston, IL Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Forreston, IL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,050,000.

    Sale prices for multifamily properties in Forreston, IL start at $1,050,000, averaging $1,050,000, and reaching up to $1,050,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Mobile home & RV parks 1

    Demographics Overview

    Population 1,911
    Population Growth (5Y) -17.0%
    Median Household Income $69,375
    College Educated 16.9%

    Taxes & Financing

    Tax Rate (average for all types) 8.75%
    Property Tax per SF $79.72 per SF
    Average Loan-to-Value 65.0%

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