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    7 Iroquois St Freeport, IL 61032

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    7 Iroquois St Freeport, IL 61032

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    • Residential income homes
    Off-Market
    Property ID
    US28-3818731
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 7 Iroquois St

    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a portfolio of 272 units across various properties in Freeport, Illinois, and surrounding towns including Polo, Forreston, Ridott, Mount Carroll, and Warren. The portfolio comprises a mix of single-family homes and duplexes, strategically located throughout Stephenson and Ogle Counties. Properties are situated at various addresses within the specified towns, offering a diversified geographic footprint. The portfolio generates a substantial monthly gross income exceeding $140,000, with rental rates ranging from $408 to $1200 per month. This presents a compelling opportunity for investors seeking significant scale and income potential in a stable market. The asking price for this substantial multifamily portfolio is $8,000,000. The portfolio includes 191 mixed properties. All properties are located in Illinois, with zip codes ranging from 61014 to 61087. This diverse portfolio offers a unique opportunity for significant returns. The portfolio's location in Freeport and surrounding areas provides access to a strong rental market. The mix of single-family homes and duplexes provides flexibility and diversification for investors. The substantial monthly income stream offers a strong return on investment. This is a rare opportunity to acquire a large-scale multifamily portfolio in a desirable location. The portfolio's size and income potential make it an attractive investment for experienced real estate investors. The opportunity to acquire a portfolio of this size and quality is rare and should not be missed.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Stephenson
    State
    Illinois
    Longitude
    -89.6159864
    Latitude
    42.2940053

    Comparable in this City

    • $120,000

      Duplex on Corner Lot

      Duplex with recent updates and tenant-paid utilities.
      1002 Oak Ave S, Freeport, IL 61032
      View Details
    • $35,900

      Freeport Duplex Requiring Complete Rehab

      Two-unit duplex with six bedrooms needing full renovation.
      105 W Pleasant St, Freeport, IL 61032
      View Details
    • New
      $89,900
      Pending

      Income-Producing Duplex in Freeport, IL

      Well-maintained duplex with modern updates and tenant appeal.
      108-110 E Iroquois St, Freeport, IL 61032
      View Details
    • $499,900

      Freeport Mixed-Use Investment Opportunity

      Multi-level building with residential and commercial income streams.
      222 West Exchange St, Freeport, IL 61032
      View Details
    • $129,900

      Freeport Mixed-Use Investment Opportunity

      Multi-use property in Freeport's Enterprise Zone with commercial and residential units.
      211 E Stephenson St, Freeport, IL 61032
      View Details
    • $125,000

      Freeport IL Duplex For Sale

      Well-maintained duplex, part of a larger portfolio opportunity.
      1258 S Galena Ave, Freeport, IL 61032
      View Details

    Similar Nearby for Sale

    • $120,000

      Duplex on Corner Lot

      Duplex with recent updates and tenant-paid utilities.
      1002 Oak Ave S, Freeport, IL 61032
      View Details
    • $35,900

      Freeport Duplex Requiring Complete Rehab

      Two-unit duplex with six bedrooms needing full renovation.
      105 W Pleasant St, Freeport, IL 61032
      View Details
    • New
      $89,900
      Pending

      Income-Producing Duplex in Freeport, IL

      Well-maintained duplex with modern updates and tenant appeal.
      108-110 E Iroquois St, Freeport, IL 61032
      View Details
    • $499,900

      Freeport Mixed-Use Investment Opportunity

      Multi-level building with residential and commercial income streams.
      222 West Exchange St, Freeport, IL 61032
      View Details
    • $129,900

      Freeport Mixed-Use Investment Opportunity

      Multi-use property in Freeport's Enterprise Zone with commercial and residential units.
      211 E Stephenson St, Freeport, IL 61032
      View Details
    • $319,900
      4,900 SF

      Freeport Commercial Building and Triplex

      Commercial building and triplex with long-term tenants for sale.
      2143 West Galena Ave, Freeport, IL 61032
      View Details

    Similar Nearby for Lease

    • $2,200 /Mo

      Downtown Freeport Office Space Available

      Office suites for lease in downtown Freeport, Illinois.
      224 W Stephenson, Freeport, IL 61032
      View Details
    • Contact for pricing
      4,775 SF

      Freeport Retail/Office Space Available

      Retail or office space in well-established Freeport business district.
      1007 W Galena Ave, Freeport, IL 61032
      View Details
    • $600 /Mo

      Freeport Retail/Restaurant Space Available

      Retail or restaurant space for lease in Freeport, Illinois.
      218 W Stephenson, Freeport, IL 61032
      View Details
    • Contact for pricing

      Rockford Warehouse Space for Lease

      Affordable 87,473 SF warehouse suitable for distribution or manufacturing.
      1201 S Adams Ave, Rockford, IL 61032
      View Details
    • $400 /Mo

      Office Space with Utilities Included

      Office space for rent with utilities included in Freeport.
      415 W Stephenson, Freeport, IL 61032
      View Details
    • Contact for pricing

      Industrial & Office Space Available

      222,912 SF industrial and office space for lease.
      1555 Il-75, Freeport, IL 61032
      View Details
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    Freeport, IL 61032
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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    7 Iroquois St, Freeport, IL, 61032

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