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    Forreston, IL Residential Income 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

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    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

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    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

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    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

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    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.

    Secluded 2.6 Acre Buildable Lot
    $50,000
    2.60 Acres
    Secluded 2.6 Acre Buildable Lot

    Private 2.6 acre buildable lot in Svoboda Woods.

    1000 Illinois, Oregon, IL 61061

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    Buildable Lot with Hilltop Views
    $37,000
    0.65 Acres
    Buildable Lot with Hilltop Views

    0.65 acre buildable lot with mature wooded surroundings.

    980 Illinois, Oregon, IL 61061

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    Buildable Lot in Svoboda Woods
    $33,000
    0.81 Acres
    Buildable Lot in Svoboda Woods

    0.81 acre buildable lot in peaceful, wooded Oregon, Illinois.

    404 Lillemor, Oregon, IL 61061

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    Buildable Lot in Svoboda Woods
    Contact for pricing
    0.60 Acres
    Buildable Lot in Svoboda Woods

    Large city lot suitable for building a dream home.

    400 Lillemor, Oregon, IL 61061

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    Forreston, IL Residential Income Properties Market Trends and Statistics

    Explore 1 residential income 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 residential income 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
    Multifamily properties 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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