19 % pro forma return on a nice brick tri-plex ! 14,000 + /year annual income ! 3 unit all brick building, tenants pay all utilities. owner pays taxes and insurance only 2 long term tenants, one unit vacant.
Sold for $69,000
$69,000
510-512 S Cherry Ave, Freeport, IL 61032
--beds
--baths
2,760sqft
3 - 4 Units
Built in 1923
-- sqft lot
$88,600 Zestimate®
$25/sqft
$1,265 Estimated rent
Home value
$88,600
$73,000 - $106,000
$1,265/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
BRIAN BORCHARDT 815-238-2015,
A-1 Agency
Bought with:
BRIAN BORCHARDT, 471004534
A-1 Agency
Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202305032
Facts & features
Interior
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Refrigerator, Oven, Natural Gas Water Heater
- Laundry: In Unit
Features
- Basement: Full
Interior area
- Total structure area: 2,760
- Total interior livable area: 2,760 sqft
- Finished area above ground: 2,760
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Dimensions: 34 x 82 x 54 x 99
Details
- Additional parcels included: no
- Parcel number: 181431328007
- Zoning: R-7
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 - 4 Units
Materials
- Brick/Stone
- Roof: Shingle
Condition
- Year built: 1923
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: $25/sqft
- Tax assessed value: $64,665
- Annual tax amount: $1,355
- Price range: $69K - $69K
- Date on market: 8/30/2023
- Cumulative days on market: 60 days
Price history
| Date | Event | Price |
|---|---|---|
| 11/13/2023 | Sold | $69,000-6.7%$25/sqft |
Source:  NorthWest Illinois Alliance of REALTORS® #202305032 Report a problem | ||
| 10/29/2023 | Pending sale | $73,921$27/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202305032 Report a problem | ||
| 10/19/2023 | Price change | $73,921-7.6%$27/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202305032 Report a problem | ||
| 8/30/2023 | Listed for sale | $80,000$29/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202305032 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,753 +26.3% | $21,555 +86.2% |
| 2023 | $1,388 +2.4% | $11,578 +6.1% |
| 2022 | $1,355 +29.3% | $10,915 +32.1% |
| 2021 | $1,048 +0.6% | $8,260 +3.2% |
| 2020 | $1,041 +10.4% | $8,003 +11.9% |
| 2019 | $943 +2.5% | $7,154 +2.7% |
| 2018 | $920 +1.9% | $6,965 +1.9% |
| 2017 | $903 +0% | $6,832 -1.1% |
| 2016 | $903 -21.8% | $6,910 -22.9% |
| 2015 | $1,154 -9% | $8,959 -15.5% |
| 2013 | $1,267 | $10,598 -9.2% |
| 2010 | -- | $11,672 -1.6% |
| 2009 | -- | $11,857 |
Find assessor info on the county website
Neighborhood: 61032
Nearby homes
- $6,327-- bd2 ba-- sqft502-504 S Cherry Ave, Freeport, IL 61032Off Market
- $79,300-- bd2 ba-- sqft408-410 West Broadway, Freeport, IL 61032Off Market
- $62,0003 bd1 ba2.6k sqft414 W Broadway St, Freeport, IL 61032Sold
- $20,097-- bd1 ba-- sqft220 S Cherry Ave, Freeport, IL 61032Off Market
- $31,878-- bd1 ba-- sqft418 W Broadway St, Freeport, IL 61032Off Market
- $125,200-- bd6 ba-- sqft515-519 S Cherry Ave, Freeport, IL 61032Off Market
- $94,400-- bd3 ba-- sqft509-511 S Cherry Ave, Freeport, IL 61032Off Market
- $14,208-- bd1 ba-- sqft328 W Pleasant St, Freeport, IL 61032Off Market
Nearby schools
GreatSchools rating
- 6/10Blackhawk Elementary SchoolGrades: PK-4Distance: 0.6 mi
- 3/10Freeport Middle SchoolGrades: 7-8Distance: 0.6 mi
- 1/10Freeport High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Freeport 145
- Middle: Freeport 145
- High: Freeport 145
- District: Freeport 145
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.
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$88,600
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With Zillow Showcase(estimated)
$90,372
- Illinois
- Stephenson County
- Freeport
- 61032
- 510-512 S Cherry Ave
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