518 N Warren Avenue
Freeport, IL 61032
- 3 beds
- 1 bath
- 1,318 sqft
- 9,148 sqft lot
- $45 per sqft
- 1951 build
- – on site
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**Exceptional Investment Opportunity: Fully Leased 11-Property Portfolio!** Join us for an exclusive FIRST LOOK OPEN on Saturday, January 25th, from noon to 2 p.m., and take advantage of the FINAL LOOK OPEN on Sunday, January 26th, from noon to 2 p.m. Don't miss your chance to own this remarkable investment portfolio comprising a well-maintained duplex, nine single-family homes, and an additional lot zoned for a duplex, creating the potential for 14 total units. All properties are conveniently located within three blocks of each other for streamlined management. With an average price of just 46,000 USD per unit, this is a rare opportunity to capture a slice of the booming Rockford-Freeport area housing market recognized by Forbes and the Wall Street Journal as one of the nation's top markets, due to their high demand for affordable housing. The Pro Forma rental estimates are based on current market conditions and verified through Zillow for each property, ensuring you have the data needed to make an informed investment decision. A rental property Pro Forma and Rent Roll are available upon request. Take this investment opportunity before it's gone!
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Last updated Mar 20, 2025
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MLS# 12260721 —
The Building
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Year Built:1951
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Rebuilt:No
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New Construction:false
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Architectural Style:Ranch
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Roof:Asphalt
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Basement:Full
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Disability Access:No
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Other Equipment:Ceiling Fan(s), Water Heater-Gas
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Total SqFt:1318
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Total SqFt:1318
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Main SqFt:1318
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Living Area Source:Assessor
Interior
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Room Type:No additional rooms
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Rooms Total:5
Room Dimensions
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Living Area:1318
Location
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Directions:Follow US-20 W to IL-26 S in Lancaster Township. Take the IL-26 exit from US-20 W. Continue on IL-26 S. Drive to N Warren Ave in Freeport.
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Location:25121
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Location:30167
The Property
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Parcel Number:18132538201100
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Property Type:Residential
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Location:O
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Lot Size Dimensions:75X120
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Lot Size Acres:0.21
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (815) 397-4040
- Office phone:
- (815) 397-4040
Taxes
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Tax Year:2023
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Tax Annual Amount:1857
Beds
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Bedrooms Total:3
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Bedrooms Possible:3
Baths
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Baths:1
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Full Baths:1
The Listing
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Short Sale:Not Applicable
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Special Listing Conditions:None
Heating & Cooling
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Heating:Steam
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Cooling:Central Air
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Range, Refrigerator, Cooktop
Schools
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Elementary School District:145
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Middle Or Junior School:Freeport Junior High School
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Middle Or Junior School District:145
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High School:Freeport High School
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High School District:145
The Community
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Association Fee Includes:None
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Association Fee Frequency:Not Applicable
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Master Assoc Fee Frequency:Not Required
Parking
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Parking Total:2
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Garage Type:Detached
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Garage Spaces:2
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Garage Onsite:Yes
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Garage Ownership:Owned
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
2/24/25
Feb 24, 2025
|
Sold | MRED | $60,500 | -5.5% |
1/10/25
Jan 10, 2025
|
Pending | MRED | $64,000 | |
1/3/25
Jan 3, 2025
|
Listed / Active | MRED | $64,000 |