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    Franklin Grove, IL Residential Income Properties for Sale

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    Dixon, IL Amboy, IL Oregon, IL
    Renovated Estate with Limitless Potential
    $1,300,000
    15,500 SF
    Renovated Estate with Limitless Potential

    409 N State Street, Franklin Grove, IL 61031

    A multi-building estate with a renovated residence and custom homes.
    • 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.
    Updated: Mar 10
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    Updated Duplex with Corner Lot
    $175,000
    Updated Duplex with Corner Lot

    101 S Spring Street, Franklin Grove, IL 61031

    Well maintained duplex with two 2-bedroom units, laundry facilities, and recent systems and interior updates.
    • Fully rented duplex with 2 apartments, each offering 2 bedrooms, a living room, and a spacious kitchen
    • Each unit includes laundry facilities
    • Updates include new shingles in 2016 and all new plumbing in 2017
    • Second‑floor remodeled bath completed in 2017
    • Boiler and one newer water heater reported
    Updated: Jun 23
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    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
    $160,000
    2,356 SF
    Duplex with Separate Utilities

    Two 3-bedroom units with in-unit laundry and separate utilities provide flexible owner-occupant or rental options.

    1004 Hemlock Avenue, Dixon, IL 61021

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    Duplex with Separate Utilities
    $160,000
    Duplex with Separate Utilities

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

    1004 Hemlock Avenue, Dixon, IL 61021

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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.

    Residential Lot in Country Setting
    Contact for pricing
    0.81 Acres
    Residential Lot in Country Setting

    Residential lot with city water access in a country setting.

    722 Yingling Drive lot: 56, Dixon, IL 61021

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    Residential Land in Country Setting
    $36,500
    1.41 Acres
    Residential Land in Country Setting

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

    713 Keller Drive lot: 27, Dixon, IL 61021

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    Residential Lot in Country Setting
    Contact for pricing
    0.81 Acres
    Residential Lot in Country Setting

    Residential lot with city water access in a country setting.

    720 Yingling Drive lot: 55, Dixon, IL 61021

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    Residential Lot in Country Setting
    Contact for pricing
    0.75 Acres
    Residential Lot in Country Setting

    Residential lot with city water access in a country setting.

    716 Yingling Drive lot: 53, Dixon, IL 61021

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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. These investment opportunities span a total of 15,500 square feet of properties for sale, with an estimated market value of $1,300,000.

    Sale prices for residential income properties in Franklin Grove, IL start at $1,300,000, averaging $1,300,000, 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 $1.3M

    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%

    Listings Trend

    New vs delisted commercial listings in Lee County

    New Delisted

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