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    Franklin Grove, IL
    Residential Income

    Franklin Grove, IL Residential Income Properties for Sale

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    Dixon, IL Amboy, IL Oregon, IL Rochelle, IL Steward, IL Kings, IL Compton, IL Sublette, IL
    Renovated Estate with Limitless Potential
    Updated: Mar 10
    Renovated Estate with Limitless Potential

    409 N State Street, Franklin Grove, IL 61031

    $1,300,000
    1.66 AC lot
    Multi‑building estate: 1913 renovated main house plus two additional custom‑built homes.
    Main house: 10,000+ sq ft, 6 bedrooms, meticulously renovated with historic character and modern amenities.
    Carriage house: 2,300 sq ft, full kitchen, king suite with spa bath, private deck, and 5‑car heated garage.
    Cottage: 3,200 sq ft, vaulted ceilings, open‑design kitchen, full‑length decks, and garden‑style lower level.
    Unique features: Stone cellar with sauna, garden pagoda, water garden with koi pond, yoga lawn, and fruit trees.
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    Updated Duplex with Corner Lot
    Updated: Jun 23
    Updated Duplex with Corner Lot

    101 S Spring Street, Franklin Grove, IL 61031

    $169,900
    Two apartments, each with two bedrooms, living room, kitchen, and in‑unit laundry
    New shingles installed in 2016 and all new plumbing
    Second‑floor bath remodeled in 2017
    One newer water heater and newer boiler
    Corner lot duplex with basement
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Franklin Grove, 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.

    Duplex with Separate Utilities
    Duplex with Separate Utilities

    1004 Hemlock Avenue, Dixon, IL 61021

    $159,000
    2,356 sqft

    Duplex for sale with two units, each offering three bedrooms, one bath, in-unit laundry, and separate utilities.

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    Classic 6-Unit Apartment Building
    Classic 6-Unit Apartment Building

    400 N 4th Street, Oregon, IL 61061

    Contact for pricing
    4,054 sqft

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

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    Four-Unit Multifamily Corner Property
    Four-Unit Multifamily Corner Property

    411 N 6th Street, Oregon, IL 61061

    Contact for pricing

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

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    Duplex with Separate Utilities
    Duplex with Separate Utilities

    1004 Hemlock Avenue, Dixon, IL 61021

    Contact for pricing

    Two 3-bedroom units each with in-unit laundry, eat-in kitchens, and independent HVAC and utilities.

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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.

    Residential Lot in Country Setting
    Residential Lot in Country Setting

    722 Yingling Drive lot: 56, Dixon, IL 61021

    Contact for pricing
    0.81 AC lot

    Residential lot with city water access in a country setting.

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    Residential Land in Country Setting
    Residential Land in Country Setting

    713 Keller Drive lot: 27, Dixon, IL 61021

    $36,500
    1.41 AC lot

    Large lot near city, golf, park, and river access.

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    Residential Lot in Country Setting
    Residential Lot in Country Setting

    720 Yingling Drive lot: 55, Dixon, IL 61021

    Contact for pricing
    0.81 AC lot

    Residential lot with city water access in a country setting.

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    Residential Lot in Country Setting
    Residential Lot in Country Setting

    716 Yingling Drive lot: 53, Dixon, IL 61021

    Contact for pricing
    0.75 AC lot

    Residential lot with city water access in a country setting.

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    Franklin Grove, IL Residential Income Properties Market Trends and Statistics

    Explore 2 residential income properties for sale in Franklin Grove, IL on our real estate platform.

    Sale prices for residential income properties in Franklin Grove, IL start at $169,900, averaging $734,950, and reaching up to $1,300,000 — 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

    Duplexes 1
    Multifamily properties 1
    Single family properties 1

    Demographics Overview

    Population 1,615
    Population Growth (5Y) +4.8%
    Median Household Income $74,050
    College Educated 31.0%

    High-Yield Neighborhoods for Investment

    Identify Franklin Grove submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61031 $169.9K

    Taxes & Financing

    Tax Rate (average for all types) 8.32%
    Tax Rate vs County Average 0.11 pp above county avg
    Average Loan-to-Value 65.0%

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