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    West Terre Haute, IN Cedarville, IL Baileyville, IL Eleroy, IL Dakota, IL Pearl City, IL Lena, IL Shannon, IL
    Downtown Mixed-Use Income Property
    Updated: Jul 28, 2024
    Downtown Mixed-Use Income Property

    211 East Stephenson Street, Freeport, IL 61032

    $129,900
    2,400 sqft
    Multi‑use downtown Freeport building (built 1892) with a large commercial office plus four residential units on the 2nd and 3rd floors
    Commercial office suite (211 E Stephenson St) features multiple separated spaces, bathroom with sink/toilet, kitchenette, rear exit door, unfinished basement, and high ceilings
    Four 1 bed/1 bath apartments (211 1/2 E Stephenson St): two on the 2nd floor and two on the 3rd floor
    Each apartment has its own gas forced‑air furnace plus gas and electric meters; tenants pay their own gas and electricity per current leases
    Selected unit updates include new water heaters for Unit 3 and Unit 4 (2021 and 2022) and a new furnace for Unit 3 (2018)
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Freeport, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Corner Four-Unit Apartment Building
    Corner Four-Unit Apartment Building

    904 17th Avenue, Rockford, IL 61104

    $220,000
    5,880 sqft

    Corner four-unit building with a two-car garage, fenced yard, and separate parcels sold as-is.

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    Downtown Mixed-Use Corner Building
    Downtown Mixed-Use Corner Building

    101 W Market Street, Mount Carroll, IL 61053

    $214,000
    7,768 sqft

    Corner mixed-use building combines main-floor retail with four upstairs apartments and a walkout lower level.

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    Mixed-Use Corner Building
    Mixed-Use Corner Building

    101 W Market Street, Mount Carroll, IL 61053

    $214,000
    6,020 sqft 0.13 AC lot

    Downtown corner building with open retail space plus four upstairs apartments and a walkout lower level for storage.

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    Income-Producing Four-Unit Multifamily Property
    Income-Producing Four-Unit Multifamily Property

    1235 South Court Street, Rockford, IL 61102

    $229,900
    3,744 sqft

    Four units, each with two bedrooms and one bathroom.

    View details

    Freeport, IL Quadplexes Market Trends and Statistics

    Explore 1 quadplexes for sale in Freeport, IL on our real estate platform. These investment opportunities span a total of 2,400 square feet of properties for sale, with an estimated market value of $129,900.

    Sale prices for four-unit buildings in Freeport, IL start at $129,900, averaging $129,900, and reaching up to $129,900 — 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

    Duplexes 5
    Quadplexes 1
    Triplexes 1

    Demographics Overview

    Population 29K
    Population Growth (5Y) -2.8%
    Median Household Income $54,179
    College Educated 27.1%

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Stephenson County

    New Delisted

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