Excellent investment opportunity in the heart of Freeport! This 4-unit apartment building offers strong income potential with all one-bedroom units and separate utilities including water and sewer for each unit. The property also includes an additional lot, providing added value and future possibilities for parking, expansion, or outdoor space. There is opportunity to increase value and rental income with improvements. Conveniently located near downtown Freeport, shopping, dining, and local amenities. This multi-family property is packed with potential!
46 days
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200
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9
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Zillow last checked:
Listing updated:
Listed by:
Rion Tovar-South815-566-5923,
Weichert Realtors - Tovar Properties
Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202603073
Facts & features
Interior
Heating
Forced Air, Natural Gas
Cooling
None
Appliances
Included: Refrigerator, Stove/Cooktop, Gas Water Heater
Features
Basement: Full
Interior area
Total structure area: 3,840
Total interior livable area: 3,840 sqft
Finished area above ground: 2,560
Finished area below ground: 1,280
Property
Parking
Total spaces: 4
Parking features: Additional Parking
Features
Levels: Two
Stories: 2
Patio & porch: Deck
Details
Parcel number: 1431110067
Construction
Type & style
Home type: MultiFamily
Property subtype: 3 - 4 Units
Materials
Siding
Roof: Shingle
Condition
Year built: 1897
Utilities & green energy
Electric: Circuit Breakers
Sewer: City
Water: City
Utilities for property: Separate Utilities
Community & HOA
Community
Subdivision: IL
Location
Region: Freeport
Financial & listing details
Price per square foot: $30/sqft
Tax assessed value: $52,149
Annual tax amount: $1,946
Price range: $114.5K - $114.5K
Date on market: 5/28/2026
Cumulative days on market: 28 days
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,357/mo
Price history
Date
Event
Price
7/13/2026
Pending sale
$114,500$30/sqft
Source: NorthWest Illinois Alliance of REALTORS® #202603073Report a problem
7/2/2026
Price change
$114,500-8%$30/sqft
Source: NorthWest Illinois Alliance of REALTORS® #202603073Report a problem
6/26/2026
Listed for sale
$124,500$32/sqft
Source: NorthWest Illinois Alliance of REALTORS® #202603073Report a problem
6/7/2026
Pending sale
$124,500$32/sqft
Source: NorthWest Illinois Alliance of REALTORS® #202603073Report a problem
5/28/2026
Listed for sale
$124,500$32/sqft
Source: NorthWest Illinois Alliance of REALTORS® #202603073Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: NorthWest Illinois Alliance of REALTORS®. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.